Rhumbline Advisers Increases Stake in Universal Display Co. (NASDAQ:OLED)

Rhumbline Advisers grew its position in Universal Display Co. (NASDAQ:OLED - Free Report) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 158,618 shares of the semiconductor company's stock after buying an additional 2,387 shares during the period. Rhumbline Advisers owned approximately 0.33% of Universal Display worth $23,190,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Nisa Investment Advisors LLC raised its holdings in shares of Universal Display by 60.2% during the third 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. Glenmede Trust Co. NA raised its holdings in shares of Universal Display by 1.6% during the third quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company's stock valued at $1,269,000 after purchasing an additional 97 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Universal Display by 0.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the semiconductor company's stock valued at $1,798,000 after purchasing an additional 100 shares during the last quarter. OLD National Bancorp IN raised its holdings in shares of Universal Display by 4.3% during the fourth quarter. OLD National Bancorp IN now owns 2,527 shares of the semiconductor company's stock valued at $369,000 after purchasing an additional 104 shares during the last quarter. Finally, Prospera Financial Services Inc raised its holdings in shares of Universal Display by 4.4% during the third quarter. Prospera Financial Services Inc now owns 2,576 shares of the semiconductor company's stock valued at $542,000 after purchasing an additional 108 shares during the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Stock Performance

Shares of OLED traded up $9.96 during mid-day trading on Friday, reaching $157.30. The stock had a trading volume of 2,034,691 shares, compared to its average volume of 724,867. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 1.60 and a beta of 1.39. Universal Display Co. has a 12 month low of $140.17 and a 12 month high of $237.00. The business has a fifty day moving average of $148.52 and a 200 day moving average of $173.82.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $162.29 million during the quarter, compared to analyst estimates of $152.75 million. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. On average, research analysts forecast that Universal Display Co. will post 4.77 EPS for the current fiscal year.

Universal Display Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.45 per share. This is a positive change from Universal Display's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.14%. Universal Display's dividend payout ratio is currently 32.13%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OLED. Citigroup cut 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. Roth Mkm boosted their target price on shares of Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research report on Friday. 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. Needham & Company LLC cut their target price on shares of Universal Display from $215.00 to $170.00 and set a "buy" rating for the company in a research report on Friday. Finally, The Goldman Sachs Group cut their target price on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, 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.