Canada Pension Plan Investment Board Invests $5.32 Million in Universal Display Co. (NASDAQ:OLED)

Canada Pension Plan Investment Board acquired a new stake in Universal Display Co. (NASDAQ:OLED - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,400 shares of the semiconductor company's stock, valued at approximately $5,322,000. Canada Pension Plan Investment Board owned 0.08% of Universal Display as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Brown Brothers Harriman & Co. lifted its position in shares of Universal Display by 280.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 154 shares during the last quarter. Blue Trust Inc. raised its position in shares of Universal Display by 401.9% during the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 209 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of Universal Display during the fourth quarter valued at $40,000. Farther Finance Advisors LLC boosted its position in shares of Universal Display by 761.1% in the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock valued at $45,000 after purchasing an additional 274 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position 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 valued at $52,000 after purchasing an additional 232 shares during the period. Institutional investors own 78.19% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Oppenheimer reduced their price objective on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating for the company in a research note on Thursday, January 2nd. Roth Mkm upped their price target on shares of Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research report on Friday, February 21st. The Goldman Sachs Group lowered their price objective on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Needham & Company LLC reduced their target price on Universal Display from $215.00 to $170.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, Citigroup decreased their target price on Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, Universal Display presently has an average rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display Price Performance

OLED traded up $6.97 during trading on Thursday, reaching $125.45. 561,544 shares of the stock traded hands, compared to its average volume of 560,006. The stock's 50-day simple moving average is $138.02 and its two-hundred day simple moving average is $155.71. Universal Display Co. has a fifty-two week low of $103.70 and a fifty-two week high of $237.00. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42.

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

Universal Display Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Monday, March 17th. This is a positive change from Universal Display's previous quarterly dividend of $0.40. Universal Display's payout ratio is presently 38.71%.

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.