Dunhill Financial LLC Has $45,000 Stake in Universal Display Corporation (NASDAQ:OLED)

Dunhill Financial LLC lowered its position in Universal Display Corporation (NASDAQ:OLED) by 46.7% in the first quarter, HoldingsChannel.com reports. The fund owned 320 shares of the semiconductor company’s stock after selling 280 shares during the quarter. Dunhill Financial LLC’s holdings in Universal Display were worth $45,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Universal Display by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company’s stock valued at $49,857,000 after purchasing an additional 7,147 shares during the period. Sterling Capital Management LLC increased its position in Universal Display by 35.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,767 shares of the semiconductor company’s stock worth $258,000 after buying an additional 458 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in Universal Display by 9.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,299 shares of the semiconductor company’s stock valued at $921,000 after buying an additional 522 shares during the period. CIBC Asset Management Inc raised its stake in Universal Display by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company’s stock valued at $215,000 after buying an additional 73 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Universal Display by 401.9% in the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 209 shares during the last quarter. Institutional investors own 78.19% of the company’s stock.

Universal Display Trading Up 0.7%

NASDAQ:OLED opened at $153.34 on Thursday. The stock has a 50 day simple moving average of $140.02 and a 200 day simple moving average of $145.24. The stock has a market cap of $7.29 billion, a P/E ratio of 31.88, a PEG ratio of 1.65 and a beta of 1.50. Universal Display Corporation has a 1-year low of $103.70 and a 1-year high of $237.00.

Universal Display (NASDAQ:OLED) last posted its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.28. The company had revenue of $166.28 million during the quarter, compared to the consensus estimate of $154.76 million. Universal Display had a return on equity of 15.35% and a net margin of 35.40%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 earnings per share. As a group, sell-side analysts forecast that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.17%. The ex-dividend date is Monday, June 16th. Universal Display’s dividend payout ratio (DPR) is 37.42%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on OLED shares. Roth Mkm boosted their target price on Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Susquehanna decreased their price objective on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Wall Street Zen raised shares of Universal Display from a “sell” rating to a “hold” rating in a research report on Friday, May 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $170.00 target price on shares of Universal Display in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.43.

About Universal Display

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.