17,000 Shares in Universal Display Corporation $OLED Purchased by Future Fund LLC

Future Fund LLC bought a new position in shares of Universal Display Corporation (NASDAQ:OLED) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 17,000 shares of the semiconductor company’s stock, valued at approximately $1,985,000.

Several other institutional investors also recently bought and sold shares of OLED. Focus Partners Wealth raised its position in Universal Display by 6.4% during the first quarter. Focus Partners Wealth now owns 3,680 shares of the semiconductor company’s stock valued at $513,000 after acquiring an additional 221 shares in the last quarter. American Century Companies Inc. raised its position in Universal Display by 2.3% during the second quarter. American Century Companies Inc. now owns 12,766 shares of the semiconductor company’s stock valued at $1,972,000 after acquiring an additional 285 shares in the last quarter. Invesco Ltd. raised its position in Universal Display by 1.8% during the second quarter. Invesco Ltd. now owns 112,982 shares of the semiconductor company’s stock valued at $17,451,000 after acquiring an additional 2,040 shares in the last quarter. Marshall Wace LLP purchased a new position in Universal Display during the second quarter valued at approximately $2,220,000. Finally, Cresset Asset Management LLC raised its position in Universal Display by 64.2% during the second quarter. Cresset Asset Management LLC now owns 2,512 shares of the semiconductor company’s stock valued at $388,000 after acquiring an additional 982 shares in the last quarter. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Zacks Research cut Universal Display from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. Oppenheimer reduced their price target on Universal Display from $160.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. The Goldman Sachs Group set a $135.00 price target on Universal Display in a research report on Tuesday, April 21st. Wall Street Zen upgraded Universal Display from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Finally, Roth Mkm set a $168.00 price target on Universal Display in a research report on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $130.60.

Universal Display Price Performance

Universal Display stock opened at $92.12 on Friday. The stock has a market capitalization of $4.31 billion, a PE ratio of 20.56 and a beta of 1.54. Universal Display Corporation has a 12 month low of $83.64 and a 12 month high of $163.21. The business has a 50 day simple moving average of $93.73 and a 200-day simple moving average of $107.89.

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

Universal Display Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a $0.50 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. Universal Display’s 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.