Universal Display Corporation $OLED is XXEC Inc.’s 6th Largest Position

XXEC Inc. grew its position in shares of Universal Display Corporation (NASDAQ:OLED) by 489.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 386,937 shares of the semiconductor company’s stock after acquiring an additional 321,276 shares during the quarter. Universal Display accounts for approximately 7.0% of XXEC Inc.’s portfolio, making the stock its 6th largest holding. XXEC Inc.’s holdings in Universal Display were worth $35,467,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Lido Advisors LLC raised its holdings in shares of Universal Display by 1.7% in the third quarter. Lido Advisors LLC now owns 5,783 shares of the semiconductor company’s stock valued at $831,000 after purchasing an additional 95 shares during the last quarter. Sigma Planning Corp boosted its holdings in Universal Display by 1.0% during the fourth quarter. Sigma Planning Corp now owns 10,390 shares of the semiconductor company’s stock worth $1,210,000 after purchasing an additional 103 shares during the last quarter. Certuity LLC grew its position 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 purchasing an additional 105 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its position 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 purchasing an additional 107 shares in the last quarter. 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 valued at $287,000 after buying an additional 108 shares during the last quarter. Institutional investors own 78.19% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Universal Display in a research report on Thursday, June 18th. Zacks Research downgraded Universal Display from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group set a $135.00 price target on Universal Display in a research report on Tuesday, April 21st. Oppenheimer cut their price objective on Universal Display from $160.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Finally, Needham & Company LLC reduced their price objective on Universal Display from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Universal Display currently has a consensus rating of “Hold” and an average target price of $130.60.

Universal Display Stock Up 0.4%

OLED opened at $86.59 on Wednesday. Universal Display Corporation has a twelve month low of $83.64 and a twelve month high of $162.36. The company’s 50-day moving average price is $91.46 and its two-hundred day moving average price is $103.39. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 19.33 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 (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.37). The company had revenue of $142.21 million for the quarter, compared to analysts’ expectations of $161.23 million. Universal Display had a return on equity of 12.34% and a net margin of 34.08%.The company’s revenue for the quarter was down 14.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.35 EPS. As a group, sell-side 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 was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, June 16th. Universal Display’s dividend payout ratio is 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.