Charles Schwab Investment Management Inc. Raises Stock Position in Universal Display Co. (NASDAQ:OLED)

Charles Schwab Investment Management Inc. increased its holdings in Universal Display Co. (NASDAQ:OLED - Free Report) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 341,019 shares of the semiconductor company's stock after acquiring an additional 7,147 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.72% of Universal Display worth $49,857,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its stake in Universal Display by 98.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 827 shares of the semiconductor company's stock worth $121,000 after buying an additional 410 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Universal Display during the fourth quarter valued at $187,000. Jones Financial Companies Lllp raised its position in shares of Universal Display by 2,005.9% in the 4th quarter. Jones Financial Companies Lllp now owns 358 shares of the semiconductor company's stock worth $52,000 after purchasing an additional 341 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in Universal Display by 95.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 822 shares of the semiconductor company's stock worth $120,000 after purchasing an additional 402 shares in the last quarter. Finally, Versor Investments LP purchased a new stake in Universal Display during the 4th quarter valued at about $476,000. Institutional investors own 78.19% of the company's stock.

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Universal Display Trading Up 4.4 %

NASDAQ OLED traded up $6.61 on Monday, hitting $156.51. 755,032 shares of the company traded hands, compared to its average volume of 479,339. Universal Display Co. has a 52-week low of $140.17 and a 52-week high of $237.00. The business's 50 day moving average price is $148.95 and its 200-day moving average price is $170.55. The company has a market capitalization of $7.43 billion, a price-to-earnings ratio of 33.66, a P/E/G ratio of 1.61 and a beta of 1.40.

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

Universal Display Increases Dividend

The business also recently announced 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. The ex-dividend date is Monday, March 17th. This represents a $1.80 dividend on an annualized basis and a yield of 1.15%. This is a positive change from Universal Display's previous quarterly dividend of $0.40. Universal Display's dividend payout ratio is currently 38.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on OLED shares. Oppenheimer dropped their price objective on Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a research report on Thursday, January 2nd. Roth Mkm raised their price target on shares of Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a report on Friday, February 21st. Susquehanna lowered their price objective on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Needham & Company LLC dropped their target price on shares of Universal Display from $215.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, Citigroup decreased their target price 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. 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. According to 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.