Diversified Trust Co Makes New $683,000 Investment in Universal Display Corporation $OLED

Diversified Trust Co purchased a new stake in shares of Universal Display Corporation (NASDAQ:OLED) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 7,456 shares of the semiconductor company’s stock, valued at approximately $683,000.

Other hedge funds also recently modified their holdings of the company. Lido Advisors LLC raised its stake in shares of Universal Display by 1.7% in the 3rd quarter. Lido Advisors LLC now owns 5,783 shares of the semiconductor company’s stock worth $831,000 after buying an additional 95 shares in the last quarter. Sigma Planning Corp boosted its stake in Universal Display by 1.0% during the fourth quarter. Sigma Planning Corp now owns 10,390 shares of the semiconductor company’s stock valued at $1,210,000 after buying an additional 103 shares in the last quarter. Certuity LLC boosted its stake in Universal Display by 4.3% during the third quarter. Certuity LLC now owns 2,556 shares of the semiconductor company’s stock valued at $367,000 after buying an additional 105 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in Universal Display by 2.8% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,869 shares of the semiconductor company’s stock worth $452,000 after acquiring an additional 107 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Universal Display by 5.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,999 shares of the semiconductor company’s stock worth $287,000 after acquiring an additional 108 shares during the period. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. The Goldman Sachs Group set a $135.00 price target on shares of Universal Display in a research report on Tuesday, April 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Universal Display in a research note on Thursday, June 18th. Citigroup dropped their target price on shares of Universal Display from $105.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Needham & Company LLC cut their target price on shares of Universal Display from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Finally, Zacks Research cut shares of Universal Display from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $130.60.

Universal Display Stock Up 2.3%

Shares of NASDAQ OLED opened at $87.58 on Thursday. The stock’s fifty day simple moving average is $92.40 and its 200 day simple moving average is $104.37. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 19.55 and a beta of 1.54. Universal Display Corporation has a 52-week low of $83.64 and a 52-week high of $162.36.

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

Universal Display Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. Universal Display’s dividend payout ratio is currently 44.64%.

Universal Display 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.