NewSquare Capital LLC Buys New Position in Universal Display Co. (NASDAQ:OLED)

NewSquare Capital LLC acquired a new position in Universal Display Co. (NASDAQ:OLED - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,941 shares of the semiconductor company's stock, valued at approximately $430,000.

Several other large investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its stake in Universal Display by 60.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 65 shares during the period. CIBC Asset Management Inc boosted its stake in Universal Display by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company's stock worth $215,000 after purchasing an additional 73 shares during the period. Glenmede Trust Co. NA boosted its stake in Universal Display by 1.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company's stock worth $1,269,000 after purchasing an additional 97 shares during the period. Louisiana State Employees Retirement System boosted its stake in Universal Display by 0.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the semiconductor company's stock worth $1,798,000 after purchasing an additional 100 shares during the period. Finally, OLD National Bancorp IN boosted its stake in Universal Display by 4.3% in the 4th quarter. OLD National Bancorp IN now owns 2,527 shares of the semiconductor company's stock worth $369,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 78.19% of the company's stock.

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Universal Display Stock Performance

OLED traded up $9.63 during midday trading on Friday, hitting $159.74. The stock had a trading volume of 829,507 shares, compared to its average volume of 748,218. The company has a market cap of $7.58 billion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40. The business has a fifty day moving average of $148.72 and a 200 day moving average of $172.09. Universal Display Co. has a 1 year low of $140.17 and a 1 year high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.14. The business had revenue of $162.29 million during the quarter, compared to analyst estimates of $152.75 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. On average, equities research 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. Shareholders of record on Monday, March 17th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.80 annualized dividend and a yield of 1.13%. This is an increase from Universal Display's previous quarterly dividend of $0.40. Universal Display's payout ratio is presently 38.71%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on OLED. Susquehanna cut their price objective on Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Friday, February 21st. 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 report on Thursday, February 6th. Roth Mkm boosted their price objective on Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Citigroup cut their price objective on Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Finally, Needham & Company LLC cut their price objective on Universal Display from $215.00 to $170.00 and set a "buy" rating for the company in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.