Semanteon Capital Management LP bought a new position in Universal Display Co. (NASDAQ:OLED - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 3,425 shares of the semiconductor company's stock, valued at approximately $501,000.
Other hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in Universal Display in the 3rd quarter worth $30,000. True Wealth Design LLC purchased a new stake in shares of Universal Display during the third quarter worth about $36,000. Blue Trust Inc. raised its stake 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 during the period. Farther Finance Advisors LLC lifted its holdings in Universal Display by 761.1% in the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock worth $45,000 after purchasing an additional 274 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in Universal Display by 185.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company's stock worth $52,000 after purchasing an additional 232 shares during the period. 78.19% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research firms have recently commented on OLED. StockNews.com raised shares of Universal Display from a "sell" rating to a "hold" rating in a report on Friday, March 21st. Citigroup decreased their price target on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Oppenheimer dropped their price objective on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating for the company in a research note on Thursday, January 2nd. The Goldman Sachs Group decreased their target price on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Finally, Susquehanna dropped their price target on Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Universal Display currently has a consensus rating of "Moderate Buy" and a consensus target price of $190.43.
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Universal Display Stock Performance
Universal Display stock traded down $0.37 during midday trading on Wednesday, hitting $151.93. 508,661 shares of the company's stock were exchanged, compared to its average volume of 490,378. Universal Display Co. has a 12 month low of $140.17 and a 12 month high of $237.00. The company has a market cap of $7.21 billion, a PE ratio of 32.67, a P/E/G ratio of 1.61 and a beta of 1.40. The firm has a 50-day moving average of $149.39 and a two-hundred day moving average of $168.82.
Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.14. The firm 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%. As a group, equities analysts expect that Universal Display Co. will post 4.71 earnings per share for the current year.
Universal Display Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Monday, March 17th. This is a positive change from Universal Display's previous quarterly dividend of $0.40. Universal Display's dividend payout ratio is currently 38.71%.
Universal Display Company Profile
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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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