Thrivent Financial for Lutherans Has $30.37 Million Stock Position in Universal Display Co. (NASDAQ:OLED)

Thrivent Financial for Lutherans lifted its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 49.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 207,737 shares of the semiconductor company's stock after acquiring an additional 68,722 shares during the quarter. Thrivent Financial for Lutherans owned about 0.44% of Universal Display worth $30,371,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in OLED. Brooklyn Investment Group bought a new stake in Universal Display during the third quarter worth approximately $30,000. True Wealth Design LLC acquired a new stake in shares of Universal Display in the third quarter worth $36,000. Blue Trust Inc. boosted its holdings in shares of Universal Display by 401.9% during the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock worth $38,000 after buying an additional 209 shares during the period. Farther Finance Advisors LLC grew its stake 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 buying an additional 274 shares during the last quarter. Finally, Quarry LP raised its holdings in Universal Display by 1,347.8% in the 3rd quarter. Quarry LP now owns 333 shares of the semiconductor company's stock worth $70,000 after acquiring an additional 310 shares during the period. Institutional investors and hedge funds own 78.19% of the company's stock.

Universal Display Price Performance

Shares of NASDAQ OLED traded down $1.24 during trading hours on Tuesday, reaching $152.30. The stock had a trading volume of 507,427 shares, compared to its average volume of 489,237. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 32.75, a PEG ratio of 1.61 and a beta of 1.40. Universal Display Co. has a twelve month low of $140.17 and a twelve month high of $237.00. The business's fifty day moving average is $149.27 and its two-hundred day moving average is $169.04.

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Universal Display (NASDAQ:OLED - Get Free Report) last announced 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. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The company had revenue of $162.29 million during the quarter, compared to analysts' expectations of $152.75 million. Sell-side analysts forecast that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.18%. This is an increase from Universal Display's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, March 17th. Universal Display's payout ratio is presently 38.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Universal Display from a "sell" rating to a "hold" rating in a report on Friday. Citigroup decreased their target price on Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Needham & Company LLC dropped their price target on Universal Display from $215.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Oppenheimer lowered their price objective on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a research note on Thursday, January 2nd. Finally, Roth Mkm raised their price objective on shares of Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Universal Display has an average rating of "Moderate Buy" and an average 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.