Wealth Enhancement Advisory Services LLC Has $1.17 Million Position in Universal Display Corporation $OLED

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of Universal Display Corporation (NASDAQ:OLED) by 94.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,264 shares of the semiconductor company’s stock after selling 162,758 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Universal Display were worth $1,171,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its position in shares of Universal Display by 309.8% during the third quarter. Smartleaf Asset Management LLC now owns 209 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 158 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in Universal Display in the 3rd quarter valued at about $33,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Universal Display during the 3rd quarter valued at about $37,000. Rise Advisors LLC increased its holdings in Universal Display by 53.3% during the 3rd quarter. Rise Advisors LLC now owns 299 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 104 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Universal Display by 27.2% in the third quarter. Farther Finance Advisors LLC now owns 351 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 75 shares during the last quarter. 78.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on OLED shares. Roth Mkm reiterated a “buy” rating and set a $180.00 price target on shares of Universal Display in a report on Friday, February 20th. Citigroup reduced their target price on Universal Display from $150.00 to $130.00 and set a “neutral” rating for the company in a report on Tuesday, January 27th. Needham & Company LLC cut their price objective on Universal Display from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Wall Street Zen upgraded shares of Universal Display from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Universal Display in a report on Monday, March 23rd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Universal Display has an average rating of “Hold” and an average price target of $151.67.

Universal Display Stock Performance

OLED opened at $89.72 on Monday. Universal Display Corporation has a 12 month low of $86.43 and a 12 month high of $163.21. The company has a market cap of $4.23 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 7.26 and a beta of 1.65. The company has a 50 day moving average of $106.30 and a 200 day moving average of $121.22.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results on Thursday, February 19th. The semiconductor company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.11. Universal Display had a return on equity of 14.07% and a net margin of 37.21%.The firm had revenue of $172.93 million during the quarter, compared to analyst estimates of $173.35 million. During the same period last year, the company earned $1.22 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Research analysts forecast that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were paid a dividend of $0.50 per share. This is an increase from Universal Display’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, March 17th. Universal Display’s dividend payout ratio is presently 39.45%.

About Universal Display

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.