Inspire Advisors LLC Invests $1.64 Million in Universal Display Co. (NASDAQ:OLED)

Inspire Advisors LLC purchased a new stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,225 shares of the semiconductor company's stock, valued at approximately $1,641,000.

Several other institutional investors have also recently bought and sold shares of the business. QRG Capital Management Inc. increased its position in Universal Display by 26.4% in the 3rd quarter. QRG Capital Management Inc. now owns 1,509 shares of the semiconductor company's stock valued at $317,000 after acquiring an additional 315 shares in the last quarter. Assetmark Inc. acquired a new stake in shares of Universal Display in the third quarter valued at approximately $29,000. Atria Investments Inc increased its holdings in shares of Universal Display by 766.2% in the third quarter. Atria Investments Inc now owns 12,863 shares of the semiconductor company's stock valued at $2,700,000 after purchasing an additional 11,378 shares in the last quarter. Sigma Planning Corp raised its position in Universal Display by 496.6% in the 3rd quarter. Sigma Planning Corp now owns 9,226 shares of the semiconductor company's stock worth $1,936,000 after purchasing an additional 11,552 shares during the last quarter. Finally, Axxcess Wealth Management LLC acquired a new position in Universal Display during the 3rd quarter worth $300,000. Institutional investors own 78.19% of the company's stock.

Universal Display Stock Down 0.7 %

NASDAQ OLED traded down $0.97 during trading on Thursday, reaching $147.84. 347,445 shares of the stock traded hands, compared to its average volume of 738,797. Universal Display Co. has a fifty-two week low of $140.17 and a fifty-two week high of $237.00. The firm has a market cap of $7.02 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40. The stock's 50-day moving average price is $149.01 and its 200 day moving average price is $171.23.

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

Universal Display Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.45 dividend. The ex-dividend date is Monday, March 17th. This is a positive change from Universal Display's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.22%. Universal Display's payout ratio is currently 38.71%.

Analysts Set New Price Targets

OLED has been the subject of several research reports. Needham & Company LLC lowered their target price on Universal Display from $215.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, February 21st. StockNews.com lowered Universal Display from a "hold" rating to a "sell" rating in a research report on Friday, March 7th. Oppenheimer cut their target price on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a research report on Thursday, January 2nd. The Goldman Sachs Group lowered their price target 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. Finally, Citigroup cut their price objective on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.