Wealth Enhancement Advisory Services LLC Sells 34,984 Shares of Universal Display Co. (NASDAQ:OLED)

Wealth Enhancement Advisory Services LLC lowered its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 26.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 97,193 shares of the semiconductor company's stock after selling 34,984 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.20% of Universal Display worth $20,401,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. PFG Investments LLC grew its holdings in shares of Universal Display by 14.5% in the third quarter. PFG Investments LLC now owns 13,370 shares of the semiconductor company's stock worth $2,806,000 after acquiring an additional 1,690 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Universal Display during the 3rd quarter valued at about $6,785,000. Eagle Bay Advisors LLC purchased a new stake in shares of Universal Display during the 3rd quarter valued at about $126,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Universal Display by 240.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 340 shares of the semiconductor company's stock worth $71,000 after purchasing an additional 240 shares during the period. Finally, OLD National Bancorp IN purchased a new position in shares of Universal Display in the third quarter worth approximately $509,000. Hedge funds and other institutional investors own 78.19% of the company's stock.

Universal Display Stock Up 1.0 %

OLED stock traded up $2.01 during mid-day trading on Monday, hitting $204.16. The company had a trading volume of 207,046 shares, compared to its average volume of 360,155. The company has a market capitalization of $9.69 billion, a price-to-earnings ratio of 44.38, a P/E/G ratio of 2.16 and a beta of 1.42. The company has a 50-day moving average price of $200.84 and a 200 day moving average price of $193.17. 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 earnings results on Thursday, August 1st. The semiconductor company reported $1.10 EPS for the quarter, missing analysts' consensus estimates of $1.14 by ($0.04). Universal Display had a return on equity of 15.25% and a net margin of 35.74%. The firm had revenue of $158.50 million during the quarter, compared to analysts' expectations of $159.46 million. During the same quarter in the prior year, the firm posted $1.04 earnings per share. Universal Display's quarterly revenue was up 8.1% on a year-over-year basis. As a group, analysts expect that Universal Display Co. will post 4.81 EPS for the current year.

Universal Display Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Monday, September 16th. Universal Display's payout ratio is 34.78%.

Wall Street Analyst Weigh In

OLED has been the topic of several recent research reports. TD Cowen increased their price target on shares of Universal Display from $210.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Oppenheimer boosted their price target on Universal Display from $200.00 to $250.00 and gave the company an "outperform" rating in a report on Wednesday, July 3rd. Needham & Company LLC lifted their price objective on Universal Display from $198.00 to $242.00 and gave the company a "buy" rating in a research report on Tuesday, July 2nd. The Goldman Sachs Group boosted their price objective on Universal Display from $208.00 to $243.00 and gave the company a "buy" rating in a research note 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 report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.