Geode Capital Management LLC Buys 101,963 Shares of Universal Display Co. (NASDAQ:OLED)

Geode Capital Management LLC grew its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 12.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 901,315 shares of the semiconductor company's stock after buying an additional 101,963 shares during the period. Geode Capital Management LLC owned 1.90% of Universal Display worth $131,806,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. increased its stake in Universal Display by 280.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock worth $31,000 after buying an additional 154 shares during the period. Blue Trust Inc. grew its position in Universal Display by 401.9% in the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock worth $38,000 after buying an additional 209 shares during the last quarter. Farther Finance Advisors LLC raised its holdings 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 period. Geneos Wealth Management Inc. lifted its holdings in shares of Universal Display by 185.6% in the fourth 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 in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in 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 acquiring an additional 341 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company's stock.

Universal Display Trading Up 3.9 %

Shares of NASDAQ:OLED traded up $4.41 during trading on Monday, hitting $117.13. 64,149 shares of the company's stock traded hands, compared to its average volume of 547,304. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42. The company has a 50-day moving average price of $142.83 and a 200-day moving average price of $160.75. Universal Display Co. has a 52 week low of $103.70 and a 52 week high of $237.00.

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 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. On average, analysts predict that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

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

Analyst Ratings Changes

OLED has been the topic of several research reports. The Goldman Sachs Group dropped their target price 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 report on Monday, February 10th. StockNews.com cut shares of Universal Display from a "hold" rating to a "sell" rating in a research note on Friday. Oppenheimer cut their price target on Universal Display from $220.00 to $200.00 and set an "outperform" rating for the company in a report on Thursday, January 2nd. Finally, Susquehanna decreased 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 report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus 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.