Wealth Enhancement Advisory Services LLC Has $27.72 Million Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Wealth Enhancement Advisory Services LLC increased its stake in Universal Display Co. (NASDAQ:OLED - Free Report) by 95.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 189,603 shares of the semiconductor company's stock after purchasing an additional 92,410 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.40% of Universal Display worth $27,720,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. lifted its stake in Universal Display by 35.5% during the third quarter. B. Riley Wealth Advisors Inc. now owns 1,759 shares of the semiconductor company's stock worth $369,000 after purchasing an additional 461 shares during the last quarter. Synovus Financial Corp lifted its position in shares of Universal Display by 41.3% during the 3rd quarter. Synovus Financial Corp now owns 8,277 shares of the semiconductor company's stock worth $1,738,000 after buying an additional 2,419 shares during the last quarter. Tidal Investments LLC boosted its stake in Universal Display by 9.2% in the third quarter. Tidal Investments LLC now owns 7,037 shares of the semiconductor company's stock valued at $1,477,000 after buying an additional 595 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in Universal Display by 2.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 4,272 shares of the semiconductor company's stock valued at $897,000 after acquiring an additional 118 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Universal Display during the third quarter worth about $2,356,000. Institutional investors own 78.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Oppenheimer reduced their price target on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a research note on Thursday, January 2nd. Needham & Company LLC decreased their target price on shares of Universal Display from $242.00 to $215.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Finally, TD Cowen dropped their price target on Universal Display from $250.00 to $225.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $207.86.

Universal Display Trading Down 2.4 %

OLED stock traded down $3.63 during trading on Friday, hitting $148.07. The company had a trading volume of 477,558 shares, compared to its average volume of 503,743. The stock has a market cap of $7.03 billion, a PE ratio of 29.73, a PEG ratio of 1.74 and a beta of 1.40. The business has a 50-day moving average of $160.63 and a 200-day moving average of $188.12. Universal Display Co. has a one year low of $145.26 and a one year high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.21. The company had revenue of $161.63 million during the quarter, compared to analysts' expectations of $165.28 million. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. Universal Display's revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.08 earnings per share. Research analysts forecast that Universal Display Co. will post 4.8 EPS for the current year.

Universal Display Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Tuesday, December 17th. Universal Display's dividend payout ratio is 32.13%.

Insider Activity at Universal Display

In related news, Director Lawrence Lacerte bought 742 shares of the business's stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average cost of $180.89 per share, with a total value of $134,220.38. Following the completion of the purchase, the director now directly owns 122,372 shares in the company, valued at $22,135,871.08. The trade was a 0.61 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is owned by corporate insiders.

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.