Invesco Ltd. Increases Stake in Universal Display Co. (NASDAQ:OLED)

Invesco Ltd. raised its position in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 33.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 305,514 shares of the semiconductor company's stock after acquiring an additional 76,254 shares during the quarter. Invesco Ltd. owned about 0.64% of Universal Display worth $44,666,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. HighTower Advisors LLC boosted its position in shares of Universal Display by 20.6% during the 3rd quarter. HighTower Advisors LLC now owns 6,132 shares of the semiconductor company's stock valued at $1,287,000 after purchasing an additional 1,048 shares in the last quarter. MML Investors Services LLC lifted its stake in Universal Display by 208.8% in the third quarter. MML Investors Services LLC now owns 4,008 shares of the semiconductor company's stock valued at $841,000 after buying an additional 2,710 shares during the period. Barclays PLC boosted its holdings in shares of Universal Display by 753.8% during the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock worth $44,608,000 after buying an additional 187,627 shares in the last quarter. M&T Bank Corp increased its stake in shares of Universal Display by 12.0% in the 3rd quarter. M&T Bank Corp now owns 2,086 shares of the semiconductor company's stock valued at $438,000 after acquiring an additional 223 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Universal Display in the 3rd quarter valued at $2,356,000. Institutional investors own 78.19% of the company's stock.

Universal Display Price Performance

Shares of NASDAQ OLED traded up $0.31 during mid-day trading on Friday, reaching $113.98. 458,108 shares of the company's stock were exchanged, compared to its average volume of 554,375. Universal Display Co. has a 52 week low of $103.70 and a 52 week high of $237.00. The firm has a 50-day moving average price of $139.96 and a two-hundred day moving average price of $158.22. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42.

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, 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 for the quarter, compared to the consensus estimate of $152.75 million. As a group, sell-side analysts forecast that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.58%. This is a boost from Universal Display's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, March 17th. Universal Display's payout ratio is presently 38.71%.

Analyst Upgrades and Downgrades

OLED has been the subject of a number of research reports. Citigroup reduced 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. Roth Mkm increased their price target on Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a report on Friday, February 21st. The Goldman Sachs Group decreased their price objective on Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Oppenheimer cut their target price on Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, January 2nd. Finally, StockNews.com downgraded shares of Universal Display from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $190.43.

Universal Display 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.