Universal Display Co. (NASDAQ:OLED) Shares Bought by Impact Capital Partners LLC

Impact Capital Partners LLC grew its stake in shares of Universal Display Co. (NASDAQ:OLED) by 152.0% during the first quarter, Holdings Channel reports. The firm owned 4,756 shares of the semiconductor company’s stock after purchasing an additional 2,869 shares during the period. Impact Capital Partners LLC’s holdings in Universal Display were worth $663,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Orion Capital Management LLC purchased a new position in shares of Universal Display during the fourth quarter worth approximately $29,000. Brown Brothers Harriman & Co. grew its position in shares of Universal Display by 280.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 154 shares during the last quarter. Blue Trust Inc. grew its position in shares of Universal Display by 401.9% during the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 209 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Universal Display during the fourth quarter worth approximately $40,000. Finally, Farther Finance Advisors LLC grew its position in shares of Universal Display by 761.1% during the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 274 shares during the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $170.00 target price on shares of Universal Display in a research report on Friday, May 2nd. Susquehanna lowered their target price on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Wall Street Zen upgraded shares of Universal Display from a “sell” rating to a “hold” rating in a research report on Friday, May 2nd. Citigroup lowered their target price on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Finally, Roth Mkm lifted their price objective on shares of Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $190.43.

Universal Display Price Performance

NASDAQ:OLED opened at $151.31 on Friday. The firm’s fifty day moving average price is $133.91 and its 200 day moving average price is $145.70. Universal Display Co. has a 1-year low of $103.70 and a 1-year high of $237.00. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 1.61 and a beta of 1.50.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.28. The firm had revenue of $166.28 million for the quarter, compared to analyst estimates of $154.76 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. Universal Display’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the firm posted $1.19 EPS. As a group, analysts expect that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, June 16th. This represents a $1.80 annualized dividend and a dividend yield of 1.19%. Universal Display’s payout ratio is currently 37.42%.

About Universal Display

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.