Diversified Trust Co Acquires New Position in Universal Display Corporation $OLED

Diversified Trust Co acquired a new position in shares of Universal Display Corporation (NASDAQ:OLED) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,456 shares of the semiconductor company’s stock, valued at approximately $683,000.

A number of other large investors have also recently bought and sold shares of OLED. Lido Advisors LLC raised its position in shares of Universal Display by 1.7% during the 3rd quarter. Lido Advisors LLC now owns 5,783 shares of the semiconductor company’s stock worth $831,000 after purchasing an additional 95 shares during the period. Sigma Planning Corp lifted its holdings in shares of Universal Display by 1.0% in the 4th quarter. Sigma Planning Corp now owns 10,390 shares of the semiconductor company’s stock worth $1,210,000 after purchasing an additional 103 shares during the last quarter. Certuity LLC boosted its position in Universal Display by 4.3% during the 3rd quarter. Certuity LLC now owns 2,556 shares of the semiconductor company’s stock valued at $367,000 after purchasing an additional 105 shares during the period. U.S. Capital Wealth Advisors LLC grew its stake in Universal Display by 2.8% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,869 shares of the semiconductor company’s stock worth $452,000 after buying an additional 107 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Universal Display by 5.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,999 shares of the semiconductor company’s stock worth $287,000 after buying an additional 108 shares during the last quarter. Institutional investors own 78.19% of the company’s stock.

Wall Street Analysts Forecast Growth

OLED has been the topic of several analyst reports. Zacks Research lowered Universal Display from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. Citigroup lowered their price target on shares of Universal Display from $105.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. The Goldman Sachs Group set a $135.00 price objective on shares of Universal Display in a report on Tuesday, April 21st. Oppenheimer cut their price objective on shares of Universal Display from $160.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Universal Display in a research note on Thursday, June 18th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Universal Display has an average rating of “Hold” and an average target price of $130.60.

Universal Display Price Performance

Shares of Universal Display stock opened at $87.58 on Thursday. Universal Display Corporation has a 1-year low of $83.64 and a 1-year high of $162.36. The company has a market capitalization of $4.09 billion, a P/E ratio of 19.55 and a beta of 1.54. The business’s fifty day moving average price is $92.40 and its two-hundred day moving average price is $104.37.

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

Universal Display Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $2.00 annualized dividend and a yield of 2.3%. Universal Display’s dividend payout ratio (DPR) is presently 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.