Amundi Purchases 6,475 Shares of Universal Display Co. (NASDAQ:OLED)

Amundi grew its holdings in Universal Display Co. (NASDAQ:OLED - Free Report) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,050 shares of the semiconductor company's stock after purchasing an additional 6,475 shares during the quarter. Amundi owned about 0.38% of Universal Display worth $26,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Assetmark Inc. bought a new stake in Universal Display in the third quarter valued at $29,000. Brooklyn Investment Group acquired a new stake in shares of Universal Display in the 3rd quarter valued at about $30,000. True Wealth Design LLC bought a new stake in Universal Display in the 3rd quarter valued at about $36,000. Blue Trust Inc. raised its stake in Universal Display by 401.9% during the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock worth $38,000 after buying an additional 209 shares during the period. Finally, Quarry LP raised its stake in Universal Display by 1,347.8% during the 3rd quarter. Quarry LP now owns 333 shares of the semiconductor company's stock worth $70,000 after buying an additional 310 shares during the period. Institutional investors own 78.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on OLED. Susquehanna reduced their price objective on Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. The Goldman Sachs Group decreased their price target on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. StockNews.com lowered shares of Universal Display from a "hold" rating to a "sell" rating in a research note on Friday, March 7th. Oppenheimer decreased their target price on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating for the company in a research report on Thursday, January 2nd. Finally, Citigroup dropped their price target on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research 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 assigned a buy rating to the company. Based on data from MarketBeat, Universal Display currently has an average rating of "Moderate Buy" and an average price target of $190.43.

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Universal Display Stock Up 4.4 %

OLED stock traded up $6.61 during trading on Monday, reaching $156.51. The stock had a trading volume of 755,317 shares, compared to its average volume of 479,339. Universal Display Co. has a one year low of $140.17 and a one year high of $237.00. The company's 50 day moving average is $148.95 and its two-hundred day moving average is $170.55. The company has a market capitalization of $7.43 billion, a price-to-earnings ratio of 33.66, a P/E/G ratio of 1.61 and a beta of 1.40.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, topping analysts' consensus estimates 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%. As a group, research analysts predict that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The business also recently disclosed 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 represents a $1.80 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is 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 38.71%.

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.