Oak Thistle LLC Purchases 6,838 Shares of Universal Display Co. (NASDAQ:OLED)

Oak Thistle LLC lifted its position in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 192.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,390 shares of the semiconductor company's stock after acquiring an additional 6,838 shares during the period. Oak Thistle LLC's holdings in Universal Display were worth $1,519,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Choreo LLC purchased a new position in shares of Universal Display in the second quarter worth $291,000. American Century Companies Inc. raised its position in Universal Display by 3.9% in the 2nd quarter. American Century Companies Inc. now owns 11,365 shares of the semiconductor company's stock worth $2,389,000 after buying an additional 426 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Universal Display by 27.3% in the second quarter. Dimensional Fund Advisors LP now owns 469,570 shares of the semiconductor company's stock worth $98,725,000 after acquiring an additional 100,809 shares during the period. Renaissance Technologies LLC lifted its position in Universal Display by 55.3% during the second quarter. Renaissance Technologies LLC now owns 40,439 shares of the semiconductor company's stock valued at $8,502,000 after purchasing an additional 14,400 shares during the period. Finally, Primecap Management Co. CA lifted its position in Universal Display by 0.4% during the second quarter. Primecap Management Co. CA now owns 1,895,017 shares of the semiconductor company's stock valued at $398,427,000 after purchasing an additional 7,435 shares during the period. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Universal Display

In related news, Director Lawrence Lacerte bought 742 shares of the company's stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average price of $180.89 per share, for a total transaction of $134,220.38. Following the completion of the transaction, the director now owns 122,372 shares in the company, valued at $22,135,871.08. The trade was a 0.61 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.90% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on OLED shares. Needham & Company LLC reduced their price objective on Universal Display from $242.00 to $215.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. TD Cowen cut their target price on shares of Universal Display from $250.00 to $225.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Finally, Oppenheimer decreased their price target 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.86.

Universal Display Trading Up 0.4 %

NASDAQ OLED traded up $0.60 on Wednesday, reaching $146.56. 644,076 shares of the stock were exchanged, compared to its average volume of 544,977. The firm has a market capitalization of $6.96 billion, a PE ratio of 29.43, a PEG ratio of 1.74 and a beta of 1.40. Universal Display Co. has a one year low of $143.25 and a one year high of $237.00. The company's 50-day simple moving average is $159.23 and its two-hundred day simple moving average is $187.23.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.21. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The business had revenue of $161.63 million during the quarter, compared to analyst estimates of $165.28 million. During the same quarter in the prior year, the business posted $1.08 EPS. Universal Display's revenue for the quarter was up 14.6% compared to the same quarter last year. Sell-side analysts forecast that Universal Display Co. will post 4.8 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a $0.40 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.60 annualized dividend and a yield of 1.09%. Universal Display's payout ratio is 32.13%.

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.