Brown Advisory Inc. Boosts Position in Universal Display Corporation $OLED

Brown Advisory Inc. increased its stake in Universal Display Corporation (NASDAQ:OLED) by 4.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 619,271 shares of the semiconductor company’s stock after acquiring an additional 28,466 shares during the quarter. Brown Advisory Inc.’s holdings in Universal Display were worth $72,318,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Lido Advisors LLC increased its stake in 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 during the period. Sigma Planning Corp increased its stake in Universal Display by 1.0% in the 4th quarter. Sigma Planning Corp now owns 10,390 shares of the semiconductor company’s stock worth $1,210,000 after buying an additional 103 shares during the period. Certuity LLC increased its stake in Universal Display by 4.3% in the 3rd quarter. Certuity LLC now owns 2,556 shares of the semiconductor company’s stock worth $367,000 after buying an additional 105 shares during the period. U.S. Capital Wealth Advisors LLC increased its stake in Universal Display by 2.8% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,869 shares of the semiconductor company’s stock worth $452,000 after buying an additional 107 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Universal Display by 5.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,999 shares of the semiconductor company’s stock worth $287,000 after buying an additional 108 shares during the period. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on OLED shares. Needham & Company LLC reduced their price target on shares of Universal Display from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Citigroup reduced their price target on shares of Universal Display from $105.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Universal Display in a research note on Monday, March 23rd. Roth Mkm set a $168.00 price target on shares of Universal Display in a research note on Friday, May 1st. Finally, Zacks Research downgraded shares of Universal Display from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $130.60.

Universal Display Stock Performance

NASDAQ:OLED opened at $91.46 on Monday. Universal Display Corporation has a fifty-two week low of $83.64 and a fifty-two week high of $162.36. The stock has a market capitalization of $4.28 billion, a P/E ratio of 20.42 and a beta of 1.54. The company’s 50-day simple moving average is $93.14 and its 200-day simple moving average is $106.10.

Universal Display (NASDAQ:OLED) last released 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). Universal Display had a net margin of 34.08% and a return on equity of 12.34%. The firm had revenue of $142.21 million during the quarter, compared to the consensus estimate of $161.23 million. During the same quarter in the prior year, the business posted $1.35 earnings per share. The firm’s quarterly revenue was down 14.5% on a year-over-year basis. On average, research analysts forecast that Universal Display Corporation will post 4.23 EPS for the current year.

Universal Display Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Tuesday, June 16th. Universal Display’s dividend payout ratio (DPR) 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.