Bernardo Wealth Planning LLC Makes New $616,000 Investment in Universal Display Co. (NASDAQ:OLED)

Bernardo Wealth Planning LLC bought a new stake in Universal Display Co. (NASDAQ:OLED - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,003 shares of the semiconductor company's stock, valued at approximately $616,000.

Other hedge funds also recently bought and sold shares of the company. Raymond James & Associates increased its position in Universal Display by 629.9% during the third quarter. Raymond James & Associates now owns 269,414 shares of the semiconductor company's stock worth $56,550,000 after acquiring an additional 232,503 shares during the period. Slow Capital Inc. boosted its holdings in Universal Display by 4.7% during the third quarter. Slow Capital Inc. now owns 23,351 shares of the semiconductor company's stock valued at $4,901,000 after purchasing an additional 1,053 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Universal Display during the third quarter valued at $31,000. Cardinal Capital Management boosted its position in Universal Display by 7.6% in the third quarter. Cardinal Capital Management now owns 9,237 shares of the semiconductor company's stock valued at $1,939,000 after buying an additional 649 shares in the last quarter. Finally, Heritage Family Offices LLP bought a new stake in Universal Display during the 3rd quarter worth approximately $408,000. 78.19% of the stock is owned by institutional investors and hedge funds.

Universal Display Stock Performance

NASDAQ OLED traded down $0.76 during trading on Friday, hitting $204.23. 228,626 shares of the company's stock traded hands, compared to its average volume of 565,536. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 43.83, a PEG ratio of 2.18 and a beta of 1.42. The business has a 50 day moving average of $198.71 and a 200-day moving average of $191.61. Universal Display Co. has a 12-month low of $133.67 and a 12-month high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.04). The company had revenue of $158.50 million for the quarter, compared to analysts' expectations of $159.46 million. Universal Display had a net margin of 35.74% and a return on equity of 15.25%. During the same quarter last year, the business posted $1.04 EPS. The business's quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts expect that Universal Display Co. will post 4.81 EPS for the current year.

Universal Display Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.40 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.60 annualized dividend and a yield of 0.78%. Universal Display's payout ratio is currently 34.33%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Needham & Company LLC lifted their price objective on shares of Universal Display from $198.00 to $242.00 and gave the stock a "buy" rating in a research note on Tuesday, July 2nd. TD Cowen raised their target price on shares of Universal Display from $210.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Oppenheimer lifted their target price on shares of Universal Display from $200.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, July 3rd. The Goldman Sachs Group upped their price objective on Universal Display from $208.00 to $243.00 and gave the company a "buy" rating in a report on Thursday, July 18th. Finally, Roth Mkm lifted 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. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Universal Display presently has a consensus rating of "Moderate Buy" and a consensus target price of $225.88.

Universal Display 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.