Universal Display Corporation $OLED Shares Bought by Copeland Capital Management LLC

Copeland Capital Management LLC raised its position in Universal Display Corporation (NASDAQ:OLED) by 15.5% during the first quarter, HoldingsChannel reports. The firm owned 581,776 shares of the semiconductor company’s stock after buying an additional 78,077 shares during the quarter. Copeland Capital Management LLC’s holdings in Universal Display were worth $53,326,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new stake in Universal Display in the third quarter valued at $33,000. RHL Group LLC purchased a new position in shares of Universal Display in the 4th quarter valued at about $60,000. Canada Pension Plan Investment Board acquired a new stake in shares of Universal Display during the 2nd quarter worth about $62,000. UMB Bank n.a. raised its position in shares of Universal Display by 28.3% during the 4th quarter. UMB Bank n.a. now owns 549 shares of the semiconductor company’s stock worth $64,000 after acquiring an additional 121 shares in the last quarter. Finally, Global X Japan Co. Ltd. lifted its stake in Universal Display by 61.6% during the fourth quarter. Global X Japan Co. Ltd. now owns 580 shares of the semiconductor company’s stock worth $68,000 after purchasing an additional 221 shares during the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Price Performance

Shares of Universal Display stock opened at $80.18 on Friday. The firm’s fifty day simple moving average is $87.52 and its 200-day simple moving average is $100.00. Universal Display Corporation has a 12 month low of $77.15 and a 12 month high of $154.07. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 17.90 and a beta of 1.54.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.37). The business had revenue of $142.21 million for the quarter, compared to analyst estimates of $161.23 million. Universal Display had a return on equity of 12.34% and a net margin of 34.08%.The firm’s revenue for the quarter was down 14.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.35 EPS. Analysts anticipate that Universal Display Corporation will post 4.23 earnings per share for the current year.

Universal Display Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Tuesday, June 16th. Universal Display’s dividend payout ratio is 44.64%.

Analyst Upgrades and Downgrades

Several brokerages have commented on OLED. Weiss Ratings reiterated a “hold (c-)” rating on shares of Universal Display in a research note on Thursday, June 18th. Roth Capital set a $168.00 target price on shares of Universal Display in a report on Friday, May 1st. Oppenheimer dropped their target price on shares of Universal Display from $160.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. The Goldman Sachs Group set a $135.00 price target on shares of Universal Display in a research note on Tuesday, April 21st. Finally, Zacks Research cut shares of Universal Display from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Universal Display has a consensus rating of “Hold” and an average price target of $130.60.

Universal Display Company Profile

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.