Oppenheimer & Co. Inc. grew its position in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 26.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,167 shares of the semiconductor company's stock after buying an additional 9,235 shares during the quarter. Oppenheimer & Co. Inc. owned 0.09% of Universal Display worth $6,457,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Assetmark Inc. purchased a new position in shares of Universal Display during the 3rd quarter valued at $29,000. Brooklyn Investment Group purchased a new position in Universal Display in the third quarter worth about $30,000. Nisa Investment Advisors LLC increased its position in shares of Universal Display by 60.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 65 shares during the last quarter. True Wealth Design LLC purchased a new stake in shares of Universal Display in the third quarter valued at $36,000. Finally, Blue Trust Inc. lifted its stake in 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. Institutional investors own 78.19% of the company's stock.
Universal Display Trading Down 5.1 %
Shares of Universal Display stock traded down $7.81 on Monday, hitting $145.81. The stock had a trading volume of 972,540 shares, compared to its average volume of 752,070. Universal Display Co. has a 52-week low of $140.17 and a 52-week high of $237.00. The company's 50 day moving average price is $148.76 and its 200 day moving average price is $173.31. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 31.36, a P/E/G ratio of 1.61 and a beta of 1.39.
Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.08 by $0.14. The company had revenue of $162.29 million during the quarter, compared to analysts' expectations of $152.75 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. Analysts predict 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 will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.80 dividend on an annualized basis and a yield of 1.23%. This is a boost from Universal Display's previous quarterly dividend of $0.40. Universal Display's payout ratio is presently 38.71%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on OLED. Needham & Company LLC decreased their price objective on shares of Universal Display from $215.00 to $170.00 and set a "buy" rating for the company in a report on Friday, February 21st. Susquehanna lowered their price target on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Oppenheimer cut their price objective on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, January 2nd. Citigroup decreased their target price on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Finally, The Goldman Sachs Group lowered their price target on Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $190.43.
Read Our Latest Report on OLED
About Universal Display
(
Free Report)
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.
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