Bridgewater Associates LP Raises Holdings in Universal Display Co. (NASDAQ:OLED)

Bridgewater Associates LP grew its stake in Universal Display Co. (NASDAQ:OLED - Free Report) by 81.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,072 shares of the semiconductor company's stock after purchasing an additional 32,357 shares during the quarter. Bridgewater Associates LP owned approximately 0.15% of Universal Display worth $10,537,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Universal Display by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,784,099 shares of the semiconductor company's stock worth $699,435,000 after buying an additional 67,590 shares in the last quarter. Geode Capital Management LLC raised its holdings in Universal Display by 12.8% during the 4th quarter. Geode Capital Management LLC now owns 901,315 shares of the semiconductor company's stock worth $131,806,000 after purchasing an additional 101,963 shares during the last quarter. Jennison Associates LLC grew its holdings in Universal Display by 58.2% during the 4th quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company's stock worth $99,975,000 after acquiring an additional 251,557 shares during the period. Norges Bank bought a new stake in Universal Display in the fourth quarter worth approximately $95,924,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Universal Display by 10.7% during the 4th quarter. Bank of New York Mellon Corp now owns 437,592 shares of the semiconductor company's stock valued at $63,976,000 after acquiring an additional 42,218 shares during the period. Institutional investors and hedge funds own 78.19% of the company's stock.

Universal Display Price Performance

NASDAQ OLED traded up $3.05 on Tuesday, reaching $116.83. 110,184 shares of the company's stock traded hands, compared to its average volume of 553,943. The stock has a market cap of $5.55 billion, a PE ratio of 25.04, a P/E/G ratio of 1.61 and a beta of 1.42. Universal Display Co. has a 12 month low of $103.70 and a 12 month high of $237.00. The stock has a 50-day simple moving average of $139.39 and a 200 day simple moving average of $156.84.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.14. The firm had revenue of $162.29 million during the quarter, compared to analysts' expectations of $152.75 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. As a group, analysts anticipate that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.54%. This is an increase from Universal Display's previous quarterly dividend of $0.40. The ex-dividend date was Monday, March 17th. Universal Display's dividend payout ratio (DPR) is presently 38.71%.

Analyst Ratings Changes

OLED has been the subject of a number of research analyst reports. The Goldman Sachs Group decreased their target price 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. StockNews.com lowered shares of Universal Display from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Roth Mkm raised their price objective on shares of Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Susquehanna lowered 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. Finally, Citigroup cut their price target on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Universal Display presently has an average rating of "Moderate Buy" and a consensus price target 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.