AlphaQuest LLC Has $742,000 Stock Holdings in Universal Display Co. (NASDAQ:OLED)

AlphaQuest LLC boosted its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 126,825.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,077 shares of the semiconductor company's stock after purchasing an additional 5,073 shares during the period. AlphaQuest LLC's holdings in Universal Display were worth $742,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of OLED. QRG Capital Management Inc. boosted its position in Universal Display by 26.4% during the third quarter. QRG Capital Management Inc. now owns 1,509 shares of the semiconductor company's stock valued at $317,000 after purchasing an additional 315 shares during the last quarter. Assetmark Inc. acquired a new stake in shares of Universal Display in the third quarter valued at approximately $29,000. Atria Investments Inc lifted its position in shares of Universal Display by 766.2% in the third quarter. Atria Investments Inc now owns 12,863 shares of the semiconductor company's stock valued at $2,700,000 after buying an additional 11,378 shares during the last quarter. Sigma Planning Corp lifted its position in shares of Universal Display by 496.6% in the third quarter. Sigma Planning Corp now owns 9,226 shares of the semiconductor company's stock valued at $1,936,000 after buying an additional 11,552 shares during the last quarter. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of Universal Display in the third quarter valued at approximately $300,000. 78.19% of the stock is owned by institutional investors and hedge funds.

Universal Display Trading Down 4.0 %

NASDAQ:OLED opened at $149.65 on Wednesday. The stock has a 50 day simple moving average of $148.96 and a 200 day simple moving average of $171.39. Universal Display Co. has a 1-year low of $140.17 and a 1-year high of $237.00. The stock has a market cap of $7.10 billion, a P/E ratio of 32.18, a PEG ratio of 1.61 and a beta of 1.40.

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Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $152.75 million. As a group, sell-side analysts forecast that Universal Display Co. will post 4.71 EPS 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 paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is 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 Analyst Weigh In

A number of analysts have recently issued reports on OLED shares. 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 research 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 research report on Thursday, February 6th. Susquehanna cut their price objective on Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. StockNews.com cut Universal Display from a "hold" rating to a "sell" rating in a research report on Friday, March 7th. Finally, Citigroup dropped their price target on Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display 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.

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