Impact Capital Partners LLC Purchases Shares of 1,887 Universal Display Co. (NASDAQ:OLED)

Impact Capital Partners LLC bought a new stake in Universal Display Co. (NASDAQ:OLED - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,887 shares of the semiconductor company's stock, valued at approximately $276,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vestcor Inc purchased a new position in Universal Display in the 4th quarter valued at approximately $519,000. Swiss National Bank grew its holdings in Universal Display by 0.8% in the fourth quarter. Swiss National Bank now owns 88,700 shares of the semiconductor company's stock valued at $12,968,000 after purchasing an additional 700 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Universal Display by 761.1% in the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock valued at $45,000 after buying an additional 274 shares in the last quarter. Inspire Advisors LLC acquired a new position in shares of Universal Display during the 4th quarter worth $1,641,000. Finally, Tortoise Investment Management LLC raised its stake in shares of Universal Display by 34.4% during the 4th quarter. Tortoise Investment Management LLC now owns 488 shares of the semiconductor company's stock worth $71,000 after buying an additional 125 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Price Performance

OLED traded down $0.10 during trading on Tuesday, hitting $156.41. The company's stock had a trading volume of 637,112 shares, compared to its average volume of 479,952. Universal Display Co. has a twelve month low of $140.17 and a twelve month high of $237.00. The firm's 50 day moving average price is $148.99 and its 200-day moving average price is $170.31. The stock has a market cap of $7.42 billion, a PE ratio of 33.64, a PEG ratio of 1.61 and a beta of 1.40.

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Universal Display (NASDAQ:OLED - Get Free Report) last released its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.08 by $0.14. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The firm had revenue of $162.29 million during the quarter, compared to analyst estimates of $152.75 million. Equities analysts anticipate that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.45 per share. This is a positive change from Universal Display's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Monday, March 17th. Universal Display's dividend payout ratio is presently 38.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on OLED shares. Citigroup dropped their target price on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a report on Monday, February 10th. The Goldman Sachs Group cut their price objective on Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Oppenheimer lowered their target price on Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, January 2nd. StockNews.com downgraded Universal Display from a "hold" rating to a "sell" rating in a research report on Friday, March 7th. Finally, Roth Mkm upped their price objective on Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display Company 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.