New Age Alpha Advisors LLC Makes New $1.46 Million Investment in Universal Display Co. (NASDAQ:OLED)

New Age Alpha Advisors LLC purchased a new stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,983 shares of the semiconductor company's stock, valued at approximately $1,460,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OLED. Norges Bank acquired a new stake in shares of Universal Display during the 4th quarter valued at about $95,924,000. Raymond James Financial Inc. acquired a new stake in Universal Display during the fourth quarter valued at approximately $41,504,000. Jennison Associates LLC grew its stake in shares of Universal Display by 58.2% in the 4th quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company's stock valued at $99,975,000 after purchasing an additional 251,557 shares during the period. Barclays PLC raised its holdings in shares of Universal Display by 753.8% in the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock worth $44,608,000 after buying an additional 187,627 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Universal Display by 95.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 189,603 shares of the semiconductor company's stock worth $27,720,000 after buying an additional 92,410 shares during the period. 78.19% of the stock is currently owned by institutional investors.

Universal Display Trading Down 3.5 %

Shares of Universal Display stock traded down $4.10 during midday trading on Friday, reaching $113.42. The company had a trading volume of 1,339,933 shares, compared to its average volume of 522,134. The stock has a fifty day simple moving average of $147.52 and a 200 day simple moving average of $165.72. Universal Display Co. has a 1-year low of $102.46 and a 1-year high of $237.00. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40.

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Universal Display (NASDAQ:OLED - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.14. The business had revenue of $162.29 million for 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%. Sell-side analysts expect that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Monday, March 17th. This is a positive change from Universal Display's previous quarterly dividend of $0.40. Universal Display's dividend payout ratio (DPR) is 38.71%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on OLED. Citigroup dropped their price objective on Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. StockNews.com upgraded shares of Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, March 21st. Susquehanna dropped their price objective on shares of 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 reduced their target price on Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, Needham & Company LLC dropped their price target on Universal Display from $215.00 to $170.00 and set a "buy" rating for the company in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $190.43.

About Universal Display

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.