Brown Advisory Inc. Buys 28,466 Shares of Universal Display Corporation $OLED

Brown Advisory Inc. increased its stake in shares of Universal Display Corporation (NASDAQ:OLED) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 619,271 shares of the semiconductor company’s stock after acquiring an additional 28,466 shares during the quarter. Brown Advisory Inc. owned about 1.30% of Universal Display worth $72,318,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OLED. Norges Bank bought a new position in shares of Universal Display during the fourth quarter worth $92,756,000. Vanguard Group Inc. lifted its position in Universal Display by 10.0% during the third quarter. Vanguard Group Inc. now owns 5,069,107 shares of the semiconductor company’s stock valued at $728,076,000 after purchasing an additional 460,792 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Universal Display by 86.4% during the fourth quarter. JPMorgan Chase & Co. now owns 880,678 shares of the semiconductor company’s stock valued at $102,846,000 after purchasing an additional 408,315 shares during the last quarter. Analog Century Management LP bought a new position in Universal Display during the fourth quarter valued at $46,914,000. Finally, UBS Group AG lifted its position in Universal Display by 100.8% during the fourth quarter. UBS Group AG now owns 646,787 shares of the semiconductor company’s stock valued at $75,532,000 after purchasing an additional 324,677 shares during the last quarter. Institutional investors own 78.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. The Goldman Sachs Group set a $135.00 price objective on shares of Universal Display in a research report on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Universal Display in a research report on Monday, March 23rd. Roth Mkm set a $168.00 price objective on shares of Universal Display in a research report on Friday, May 1st. Wall Street Zen upgraded shares of Universal Display from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Finally, Zacks Research lowered shares of Universal Display from a “hold” rating to a “strong sell” rating in a research 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $130.60.

Universal Display Stock Performance

Shares of OLED opened at $91.46 on Monday. Universal Display Corporation has a twelve month low of $83.64 and a twelve month high of $162.36. The company has a market cap of $4.28 billion, a P/E ratio of 20.42 and a beta of 1.54. The company’s fifty day simple moving average is $93.14 and its 200-day simple moving average is $106.10.

Universal Display (NASDAQ:OLED) last announced its 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). Universal Display had a net margin of 34.08% and a return on equity of 12.34%. The firm had revenue of $142.21 million during the quarter, compared to analysts’ expectations of $161.23 million. During the same period in the prior year, the company posted $1.35 EPS. The company’s revenue was down 14.5% compared to the same quarter last year. Analysts predict that Universal Display Corporation will post 4.23 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.2%. Universal Display’s dividend payout ratio is currently 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.