PAX Financial Group LLC Takes Position in Universal Display Co. (NASDAQ:OLED)

PAX Financial Group LLC bought a new stake in Universal Display Co. (NASDAQ:OLED - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,784 shares of the semiconductor company's stock, valued at approximately $699,000.

Other large investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in Universal Display by 37.2% in the 4th quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company's stock valued at $3,983,000 after purchasing an additional 7,390 shares in the last quarter. Stifel Financial Corp lifted its stake in Universal Display by 200.0% in the third quarter. Stifel Financial Corp now owns 120,234 shares of the semiconductor company's stock worth $25,237,000 after acquiring an additional 80,162 shares during the last quarter. Charles Schwab Investment Management Inc. grew 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 worth $49,857,000 after acquiring an additional 7,147 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Universal Display by 95.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 189,603 shares of the semiconductor company's stock worth $27,720,000 after purchasing an additional 92,410 shares in the last quarter. Finally, Inspire Investing LLC purchased a new position in shares of Universal Display in the 4th quarter valued at about $462,000. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. The Goldman Sachs Group dropped their price target on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. StockNews.com upgraded Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, March 21st. Oppenheimer decreased their target price on Universal Display from $220.00 to $200.00 and set an "outperform" rating for the company in a research report on Thursday, January 2nd. Citigroup cut their price target on Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Finally, Roth Mkm lifted their target price on shares of Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $190.43.

Universal Display Stock Down 12.8 %

NASDAQ:OLED traded down $16.05 during midday trading on Thursday, reaching $109.12. The stock had a trading volume of 430,726 shares, compared to its average volume of 539,391. The stock has a market cap of $5.18 billion, a P/E ratio of 23.59, a P/E/G ratio of 1.61 and a beta of 1.42. The firm has a fifty day simple moving average of $144.19 and a two-hundred day simple moving average of $162.47. Universal Display Co. has a 12-month low of $103.70 and a 12-month high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.14. The business 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, sell-side analysts anticipate that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.45 dividend. This is a boost from Universal Display's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Monday, March 17th. Universal Display's dividend payout ratio (DPR) is currently 38.71%.

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.