Universal Display Co. (NASDAQ:OLED) Shares Acquired by LPL Financial LLC

LPL Financial LLC raised its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 22.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,671 shares of the semiconductor company's stock after purchasing an additional 9,325 shares during the period. LPL Financial LLC owned 0.11% of Universal Display worth $7,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC raised its position in Universal Display by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 799,352 shares of the semiconductor company's stock worth $167,825,000 after purchasing an additional 15,015 shares during the period. Jennison Associates LLC raised its holdings in shares of Universal Display by 58.2% in the fourth 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. Bank of New York Mellon Corp lifted its stake in shares of Universal Display by 10.7% during the 4th quarter. Bank of New York Mellon Corp now owns 437,592 shares of the semiconductor company's stock worth $63,976,000 after acquiring an additional 42,218 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Universal Display by 2.1% during the 4th 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 during the period. Finally, Raymond James Financial Inc. purchased a new position in Universal Display during the 4th quarter valued at $41,504,000. Hedge funds and other institutional investors own 78.19% of the company's stock.

Universal Display Price Performance

Shares of NASDAQ:OLED traded down $17.06 during trading hours on Thursday, hitting $108.11. The company's stock had a trading volume of 1,546,865 shares, compared to its average volume of 544,956. The firm's fifty day moving average price is $143.49 and its 200 day moving average price is $161.73. Universal Display Co. has a 52 week low of $103.70 and a 52 week high of $237.00. The company has a market capitalization of $5.13 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 1.61 and a beta of 1.42.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $162.29 million for the quarter, compared to the consensus estimate of $152.75 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. On average, equities research analysts predict that Universal Display Co. will post 4.71 earnings per share 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 is a positive change from Universal Display's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.66%. The ex-dividend date was Monday, March 17th. Universal Display's dividend payout ratio is currently 38.71%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Oppenheimer reduced their target price on Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a research note on Thursday, January 2nd. Susquehanna reduced their price target on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Roth Mkm boosted their price objective on shares of Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research report on Friday, February 21st. The Goldman Sachs Group reduced their target price on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Finally, Needham & Company LLC lowered their price target on Universal Display from $215.00 to $170.00 and set a "buy" rating for the company in a report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Universal Display presently has an average rating of "Moderate Buy" and an average price target 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.