Quantbot Technologies LP Makes New Investment in Universal Display Co. (NASDAQ:OLED)

Quantbot Technologies LP acquired a new position in shares of Universal Display Co. (NASDAQ:OLED - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,982 shares of the semiconductor company's stock, valued at approximately $436,000.

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

Analyst Ratings Changes

A number of research firms recently issued reports on OLED. The Goldman Sachs Group cut their price target on Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Roth Mkm upped 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. Needham & Company LLC decreased their price target on shares of Universal Display from $215.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Susquehanna dropped their price objective on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. Finally, StockNews.com upgraded Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, March 21st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $190.43.

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Universal Display Price Performance

Shares of Universal Display stock traded up $0.01 on Wednesday, hitting $138.90. 394,710 shares of the company's stock traded hands, compared to its average volume of 512,522. The firm's 50-day moving average price is $148.87 and its two-hundred day moving average price is $166.68. The stock has a market capitalization of $6.59 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40. Universal Display Co. has a one year low of $136.17 and a one year high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last released 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 firm had revenue of $162.29 million for the quarter, compared to analyst estimates of $152.75 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. On average, analysts forecast that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Monday, March 17th. This is an increase from Universal Display's previous quarterly dividend of $0.40. Universal Display's dividend payout ratio is presently 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.