Ieq Capital LLC Buys 2,839 Shares of Universal Display Co. (NASDAQ:OLED)

Ieq Capital LLC lifted its holdings in Universal Display Co. (NASDAQ:OLED - Free Report) by 64.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,237 shares of the semiconductor company's stock after buying an additional 2,839 shares during the period. Ieq Capital LLC's holdings in Universal Display were worth $1,058,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of OLED. Nisa Investment Advisors LLC lifted its stake in shares of Universal Display by 60.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company's stock valued at $36,000 after buying an additional 65 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Universal Display by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company's stock valued at $215,000 after acquiring an additional 73 shares during the period. Glenmede Trust Co. NA lifted its position in shares of Universal Display by 1.6% during the third quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company's stock worth $1,269,000 after acquiring an additional 97 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Universal Display by 0.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the semiconductor company's stock worth $1,798,000 after acquiring an additional 100 shares in the last quarter. Finally, OLD National Bancorp IN boosted its holdings in shares of Universal Display by 4.3% in the fourth quarter. OLD National Bancorp IN now owns 2,527 shares of the semiconductor company's stock worth $369,000 after acquiring an additional 104 shares during the period. 78.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on OLED shares. TD Cowen dropped their price objective on Universal Display from $250.00 to $225.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Oppenheimer lowered their price target on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, January 2nd. The Goldman Sachs Group reduced their price objective on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. 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 report on Friday, February 21st. Finally, Citigroup cut 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. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Universal Display currently has an average rating of "Moderate Buy" and a consensus price target of $190.43.

Universal Display Price Performance

OLED stock traded up $2.63 during midday trading on Friday, reaching $153.62. The company had a trading volume of 594,331 shares, compared to its average volume of 747,832. The firm has a 50-day moving average price of $148.67 and a 200-day moving average price of $173.52. The company has a market capitalization of $7.29 billion, a P/E ratio of 33.04, a P/E/G ratio of 1.61 and a beta of 1.39. Universal Display Co. has a 1 year low of $140.17 and a 1 year high of $237.00.

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

Universal Display Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given 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 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Monday, March 17th. Universal Display's dividend payout ratio (DPR) is presently 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.