Fox Run Management L.L.C. acquired a new position in Universal Display Co. (NASDAQ:OLED - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,651 shares of the semiconductor company's stock, valued at approximately $972,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OLED. Geode Capital Management LLC lifted its holdings in Universal Display by 1.9% during the third quarter. Geode Capital Management LLC now owns 799,352 shares of the semiconductor company's stock valued at $167,825,000 after purchasing an additional 15,015 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Universal Display by 58.2% during the 4th quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company's stock valued at $99,975,000 after buying an additional 251,557 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Universal Display by 10.7% during the 4th quarter. Bank of New York Mellon Corp now owns 437,592 shares of the semiconductor company's stock valued at $63,976,000 after buying an additional 42,218 shares in the last quarter. Southpoint Capital Advisors LP boosted its holdings in Universal Display by 46.0% in the 3rd quarter. Southpoint Capital Advisors LP now owns 365,000 shares of the semiconductor company's stock worth $76,614,000 after buying an additional 115,000 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Universal Display by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company's stock valued at $49,857,000 after buying an additional 7,147 shares in the last quarter. 78.19% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on OLED shares. StockNews.com raised Universal Display from a "sell" rating to a "hold" rating in a report on Friday, March 21st. The Goldman Sachs Group cut their target price on Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Susquehanna reduced their target price on Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Roth Mkm increased their price target on shares of Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Oppenheimer reduced their price objective on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating for the company in a research note on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $190.43.
Read Our Latest Stock Report on Universal Display
Universal Display Price Performance
NASDAQ OLED traded down $2.19 during trading on Thursday, hitting $149.74. 414,090 shares of the company's stock traded hands, compared to its average volume of 492,447. The firm has a market cap of $7.11 billion, a P/E ratio of 32.20, a PEG ratio of 1.61 and a beta of 1.40. The stock has a fifty day moving average of $149.50 and a two-hundred day moving average of $168.70. Universal Display Co. has a 12-month low of $140.17 and a 12-month high of $237.00.
Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly 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. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The business had revenue of $162.29 million for the quarter, compared to analyst estimates of $152.75 million. As a group, analysts expect that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.
Universal Display Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Monday, March 17th. Universal Display's dividend payout ratio is currently 38.71%.
Universal Display Profile
(
Free Report)
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.
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