4,923 Shares in Universal Display Co. (NASDAQ:OLED) Purchased by Headlands Technologies LLC

Headlands Technologies LLC bought 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 SEC. The institutional investor bought 4,923 shares of the semiconductor company's stock, valued at approximately $720,000.

Several other institutional investors and hedge funds have also recently modified their holdings of OLED. Pacer Advisors Inc. lifted its position in shares of Universal Display by 37.2% in the fourth quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company's stock worth $3,983,000 after buying an additional 7,390 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Universal Display by 200.0% in the third quarter. Stifel Financial Corp now owns 120,234 shares of the semiconductor company's stock valued at $25,237,000 after purchasing an additional 80,162 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Universal Display by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company's stock valued at $49,857,000 after acquiring an additional 7,147 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Universal Display by 95.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 189,603 shares of the semiconductor company's stock valued at $27,720,000 after purchasing an additional 92,410 shares in the last quarter. Finally, Inspire Investing LLC bought a new position in shares of Universal Display in the 4th quarter worth $462,000. 78.19% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Susquehanna reduced their target price on Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. The Goldman Sachs Group decreased their target price on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Oppenheimer lowered 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. Citigroup cut their price objective 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. Finally, StockNews.com upgraded shares of Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, March 21st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $190.43.

Universal Display Price Performance

Shares of OLED stock traded down $4.10 during mid-day trading on Friday, hitting $113.42. The stock had a trading volume of 1,339,933 shares, compared to its average volume of 522,134. The firm has a market cap of $5.38 billion, a PE ratio of 24.39, a PEG ratio of 1.61 and a beta of 1.40. The company's 50-day simple moving average is $147.52 and its 200-day simple moving average is $165.72. Universal Display Co. has a fifty-two week low of $102.46 and a fifty-two week high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last posted 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. The firm had revenue of $162.29 million for the quarter, compared to analyst estimates of $152.75 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. On average, analysts expect that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.80 annualized dividend and a yield of 1.59%. Universal Display's dividend payout ratio (DPR) is 38.71%.

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.