Universal Display Co. (NASDAQ:OLED) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in Universal Display Co. (NASDAQ:OLED - Free Report) by 12.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,347 shares of the semiconductor company's stock after buying an additional 1,870 shares during the quarter. Natixis Advisors LLC's holdings in Universal Display were worth $2,390,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of OLED. Brooklyn Investment Group bought a new position in Universal Display in the 3rd quarter valued at $30,000. True Wealth Design LLC bought a new position in shares of Universal Display in the third quarter worth about $36,000. Blue Trust Inc. grew its holdings in shares of Universal Display by 401.9% in the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 209 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Universal Display by 761.1% in the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock worth $45,000 after buying an additional 274 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in Universal Display by 185.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company's stock valued at $52,000 after buying an additional 232 shares in the last quarter. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Universal Display Stock Down 1.4 %

Shares of NASDAQ OLED traded down $2.19 during mid-day trading on Thursday, reaching $149.74. 414,090 shares of the company were exchanged, compared to its average volume of 491,291. Universal Display Co. has a 1 year low of $140.17 and a 1 year high of $237.00. The firm has a 50-day moving average of $149.50 and a 200 day moving average of $168.70. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 32.20, a P/E/G ratio of 1.61 and a beta of 1.40.

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

Universal Display Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.20%. This is an increase from Universal Display's previous quarterly dividend of $0.40. The ex-dividend date is Monday, March 17th. Universal Display's dividend payout ratio (DPR) is 38.71%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Roth Mkm raised their target price on shares of Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Susquehanna reduced their price objective on Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. 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 report on Friday, February 21st. Oppenheimer dropped their price target on Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a research report on Thursday, January 2nd. Finally, StockNews.com upgraded Universal Display from a "sell" rating to a "hold" rating in a report on Friday, March 21st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Universal Display presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.43.

About Universal Display

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.