Bryce Point Capital LLC Invests $407,000 in Universal Display Co. (NASDAQ:OLED)

Bryce Point Capital LLC acquired 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 institutional investor acquired 2,787 shares of the semiconductor company's stock, valued at approximately $407,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. raised its holdings in shares of Universal Display by 280.0% in the fourth 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 during the last quarter. Blue Trust Inc. grew its position in Universal Display by 401.9% in the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock valued at $38,000 after buying an additional 209 shares during the last quarter. Farther Finance Advisors LLC raised its position in Universal Display by 761.1% during the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock worth $45,000 after buying an additional 274 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Universal Display by 185.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company's stock worth $52,000 after acquiring an additional 232 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Universal Display by 2,005.9% in the fourth quarter. Jones Financial Companies Lllp now owns 358 shares of the semiconductor company's stock valued at $52,000 after acquiring an additional 341 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company's stock.

Universal Display Stock Down 13.1 %

OLED traded down $16.45 during trading on Thursday, reaching $108.72. 363,883 shares of the stock traded hands, compared to its average volume of 539,169. Universal Display Co. has a 12 month low of $103.70 and a 12 month high of $237.00. The stock has a market capitalization of $5.16 billion, a PE ratio of 23.34, a P/E/G ratio of 1.61 and a beta of 1.42. The stock's 50-day moving average is $144.19 and its 200 day moving average is $162.47.

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

Universal Display Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.45 dividend. This is an increase from Universal Display's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.80 dividend on an annualized basis and a yield of 1.66%. Universal Display's payout ratio is presently 38.71%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OLED. Citigroup dropped their price objective on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Susquehanna cut their target price on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. StockNews.com upgraded Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, March 21st. Needham & Company LLC cut their target price on shares of Universal Display from $215.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Finally, 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 report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.