Headlands Technologies LLC Makes New $720,000 Investment in Universal Display Co. (NASDAQ:OLED)

Headlands Technologies LLC purchased a new stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,923 shares of the semiconductor company's stock, valued at approximately $720,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Universal Display in the 4th quarter worth $95,924,000. Raymond James Financial Inc. acquired a new position in Universal Display in the fourth quarter valued at about $41,504,000. Jennison Associates LLC grew its position in shares of Universal Display by 58.2% during the 4th quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company's stock worth $99,975,000 after buying an additional 251,557 shares during the period. Barclays PLC increased its stake in shares of Universal Display by 753.8% in the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock valued at $44,608,000 after acquiring an additional 187,627 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Universal Display by 12.8% in the 4th quarter. Geode Capital Management LLC now owns 901,315 shares of the semiconductor company's stock valued at $131,806,000 after acquiring an additional 101,963 shares during the period. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on OLED shares. Oppenheimer lowered 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 report on Thursday, January 2nd. Citigroup dropped their price target on Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Needham & Company LLC decreased their price objective on Universal Display from $215.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, February 21st. The Goldman Sachs Group lowered their target price on Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Finally, 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 report on Friday, February 21st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display Trading Down 2.7 %

Shares of Universal Display stock traded down $3.07 during trading on Monday, hitting $110.35. 651,751 shares of the stock were exchanged, compared to its average volume of 524,312. Universal Display Co. has a 1-year low of $105.12 and a 1-year high of $237.00. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42. The company has a fifty day moving average price of $147.52 and a 200-day moving average price of $165.17.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, topping 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 company had revenue of $162.29 million during the quarter, compared to the consensus estimate of $152.75 million. Equities research analysts forecast that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.45 dividend. This is a boost from Universal Display's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.63%. The ex-dividend date was Monday, March 17th. Universal Display's dividend payout ratio is currently 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.