Universal Display Co. (NASDAQ:OLED) Position Increased by Advisory Services Network LLC

Advisory Services Network LLC boosted its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 6.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 51,879 shares of the semiconductor company's stock after acquiring an additional 3,318 shares during the period. Advisory Services Network LLC owned about 0.11% of Universal Display worth $7,585,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in OLED. Brown Brothers Harriman & Co. lifted its stake in Universal Display by 280.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock valued at $31,000 after buying an additional 154 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Universal Display by 401.9% during the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 209 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Universal Display in the fourth quarter valued at approximately $40,000. Farther Finance Advisors LLC boosted its stake 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 worth $45,000 after acquiring an additional 274 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of Universal Display by 185.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company's stock worth $52,000 after purchasing an additional 232 shares in the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Stock Performance

Universal Display stock traded up $0.55 during trading hours on Monday, reaching $113.27. 174,405 shares of the stock were exchanged, compared to its average volume of 783,356. Universal Display Co. has a 52-week low of $103.70 and a 52-week high of $237.00. The firm's 50 day moving average is $142.83 and its 200 day moving average is $160.75. The stock has a market cap of $5.38 billion, a P/E ratio of 24.36, a P/E/G ratio of 1.61 and a beta of 1.42.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly 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. The business had revenue of $162.29 million for the quarter, compared to analyst estimates of $152.75 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. Equities research analysts expect that Universal Display Co. will post 4.71 EPS for the current fiscal 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 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Monday, March 17th. This is an increase from Universal Display's previous quarterly dividend of $0.40. Universal Display's dividend payout ratio (DPR) is currently 38.71%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on OLED shares. StockNews.com lowered shares of Universal Display from a "hold" rating to a "sell" rating in a research report on Friday. Susquehanna lowered their target price on Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. The Goldman Sachs Group cut their price target 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 lifted their price objective on Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Oppenheimer dropped their target price on Universal Display from $220.00 to $200.00 and set an "outperform" rating for the company in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Universal Display 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.