Inceptionr LLC Makes New Investment in Universal Display Corporation $OLED

Inceptionr LLC bought a new stake in Universal Display Corporation (NASDAQ:OLED) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 10,271 shares of the semiconductor company’s stock, valued at approximately $941,000.

Several other hedge funds have also recently bought and sold shares of OLED. Measured Wealth Private Client Group LLC acquired a new position in shares of Universal Display in the 3rd quarter valued at approximately $33,000. RHL Group LLC acquired a new stake in shares of Universal Display during the 4th quarter worth approximately $60,000. Canada Pension Plan Investment Board acquired a new stake in shares of Universal Display during the 2nd quarter worth approximately $62,000. UMB Bank n.a. increased its stake in Universal Display by 28.3% in the fourth quarter. UMB Bank n.a. now owns 549 shares of the semiconductor company’s stock valued at $64,000 after acquiring an additional 121 shares during the last quarter. Finally, Global X Japan Co. Ltd. increased its stake in Universal Display by 61.6% in the fourth quarter. Global X Japan Co. Ltd. now owns 580 shares of the semiconductor company’s stock valued at $68,000 after acquiring an additional 221 shares during the last quarter. 78.19% of the stock is owned by institutional investors.

Universal Display Trading Down 0.2%

Universal Display stock opened at $79.27 on Friday. The stock has a 50-day moving average price of $86.42 and a two-hundred day moving average price of $98.67. Universal Display Corporation has a 12 month low of $77.15 and a 12 month high of $153.38. The company has a market capitalization of $3.71 billion, a PE ratio of 17.69 and a beta of 1.54.

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 the consensus estimate of $1.13 by ($0.37). The firm had revenue of $142.21 million for the quarter, compared to the consensus estimate of $161.23 million. Universal Display had a return on equity of 12.34% and a net margin of 34.08%.The business’s revenue for the quarter was down 14.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.35 earnings per share. As a group, analysts predict that Universal Display Corporation will post 4.23 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, June 16th. This represents a $2.00 annualized dividend and a yield of 2.5%. Universal Display’s dividend payout ratio (DPR) is currently 44.64%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on OLED shares. Roth Capital set a $168.00 price objective on shares of Universal Display in a research report on Friday, May 1st. Zacks Research downgraded Universal Display from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 21st. Needham & Company LLC decreased their price target on Universal Display from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Universal Display in a report on Thursday, June 18th. Finally, The Goldman Sachs Group set a $135.00 price target on Universal Display in a report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Universal Display presently has an average rating of “Hold” and a consensus price target of $130.60.

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.