Crestwood Advisors Group LLC Increases Stake in Universal Display Co. (NASDAQ:OLED)

Crestwood Advisors Group LLC lifted its position in Universal Display Co. (NASDAQ:OLED) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,030 shares of the semiconductor company’s stock after purchasing an additional 286 shares during the period. Crestwood Advisors Group LLC owned about 0.28% of Universal Display worth $27,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new position in shares of Universal Display during the 1st quarter valued at about $27,000. V Square Quantitative Management LLC acquired a new position in Universal Display during the 3rd quarter worth about $31,000. Nisa Investment Advisors LLC grew its position in Universal Display by 60.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 65 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Universal Display by 210.7% in the first quarter. Geneos Wealth Management Inc. now owns 233 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 158 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new stake in Universal Display during the 2nd quarter worth approximately $44,000. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Oppenheimer lowered their price target on Universal Display from $240.00 to $220.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Roth Mkm boosted their price target on shares of Universal Display from $189.00 to $217.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. The Goldman Sachs Group raised their price objective on Universal Display from $208.00 to $243.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Susquehanna boosted their target price on Universal Display from $170.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC cut their price target on Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $215.63.

Universal Display Trading Up 0.1 %

Shares of Universal Display stock traded up $0.17 during mid-day trading on Tuesday, hitting $179.85. 35,576 shares of the stock were exchanged, compared to its average volume of 368,211. The company has a 50-day simple moving average of $201.32 and a 200 day simple moving average of $194.52. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of 36.08, a price-to-earnings-growth ratio of 1.93 and a beta of 1.43. Universal Display Co. has a twelve month low of $144.85 and a twelve month high of $237.00.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.21. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The business had revenue of $161.63 million during the quarter, compared to the consensus estimate of $165.28 million. During the same quarter in the previous year, the business earned $1.08 earnings per share. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. Equities research analysts forecast that Universal Display Co. will post 4.8 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, December 17th. Universal Display’s dividend payout ratio (DPR) is 32.13%.

Universal Display Company Profile

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.