Capital Fund Management S.A. Takes Position in Universal Display Co. (NASDAQ:OLED)

Capital Fund Management S.A. purchased a new position in Universal Display Co. (NASDAQ:OLED - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 17,237 shares of the semiconductor company's stock, valued at approximately $2,520,000.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in Universal Display during the 4th quarter valued at about $95,924,000. Raymond James Financial Inc. acquired a new stake in shares of Universal Display in the fourth quarter valued at $41,504,000. Jennison Associates LLC grew its position in Universal Display by 58.2% in the 4th quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company's stock valued at $99,975,000 after acquiring an additional 251,557 shares in the last quarter. Barclays PLC lifted its position in shares of Universal Display by 753.8% during the third quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock worth $44,608,000 after purchasing an additional 187,627 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake 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 buying an additional 101,963 shares during the period. 78.19% of the stock is currently owned by institutional investors.

Universal Display Price Performance

Shares of NASDAQ OLED traded up $0.31 during midday trading on Friday, reaching $113.98. 458,108 shares of the stock were exchanged, compared to its average volume of 554,375. Universal Display Co. has a 12 month low of $103.70 and a 12 month high of $237.00. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 24.51, a P/E/G ratio of 1.61 and a beta of 1.42. The business has a 50-day simple moving average of $139.96 and a two-hundred day simple moving average of $158.22.

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 net margin of 34.29% and a return on equity of 15.51%. The company had revenue of $162.29 million during the quarter, compared to analysts' expectations of $152.75 million. Equities research analysts expect that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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. This represents a $1.80 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Monday, March 17th. Universal Display's dividend payout ratio (DPR) is currently 38.71%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on OLED. Susquehanna reduced their price objective on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. StockNews.com lowered shares of Universal Display from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. The Goldman Sachs Group cut their price objective on Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Citigroup decreased their price target on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Finally, Needham & Company LLC reduced their price target on shares of Universal Display from $215.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.