Blueshift Asset Management LLC purchased a new position in shares of Universal Display Co. (NASDAQ:OLED - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,036 shares of the semiconductor company's stock, valued at approximately $736,000.
A number of other large investors also recently bought and sold shares of OLED. Magnetar Financial LLC acquired a new stake in shares of Universal Display during the 4th quarter worth $695,000. Xponance Inc. increased its stake in Universal Display by 7.1% during the fourth quarter. Xponance Inc. now owns 7,963 shares of the semiconductor company's stock worth $1,164,000 after acquiring an additional 530 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Universal Display by 49.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 207,737 shares of the semiconductor company's stock worth $30,371,000 after purchasing an additional 68,722 shares during the period. Natixis Advisors LLC lifted its stake in shares of Universal Display by 12.9% in the 4th quarter. Natixis Advisors LLC now owns 16,347 shares of the semiconductor company's stock valued at $2,390,000 after purchasing an additional 1,870 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Universal Display by 0.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company's stock worth $1,475,000 after purchasing an additional 90 shares during the period. Hedge funds and other institutional investors own 78.19% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on OLED. StockNews.com raised shares of Universal Display from a "sell" rating to a "hold" rating in a research report on Friday. Roth Mkm upped their price target on shares of Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Citigroup cut their price objective on Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Needham & Company LLC decreased their target price 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. Finally, The Goldman Sachs Group dropped 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Universal Display presently has a consensus rating of "Moderate Buy" and an average target price of $190.43.
Read Our Latest Research Report on OLED
Universal Display Stock Performance
Shares of NASDAQ OLED traded up $5.04 during midday trading on Monday, reaching $153.54. 659,120 shares of the company's stock were exchanged, compared to its average volume of 489,249. The stock has a market capitalization of $7.29 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40. Universal Display Co. has a 52-week low of $140.17 and a 52-week high of $237.00. The business's fifty day moving average price is $149.27 and its two-hundred day moving average price is $169.04.
Universal Display (NASDAQ:OLED - Get Free Report) last announced its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating 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 company had revenue of $162.29 million for the quarter, compared to analyst estimates of $152.75 million. 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. Shareholders 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 annualized dividend and a yield of 1.17%. The ex-dividend date is Monday, March 17th. Universal Display's dividend payout ratio (DPR) 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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