Universal Display Co. (NASDAQ:OLED) Shares Acquired by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC raised its holdings in Universal Display Co. (NASDAQ:OLED - Free Report) by 95.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 171,641 shares of the semiconductor company's stock after purchasing an additional 83,865 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.36% of Universal Display worth $25,094,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in Universal Display by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 4,784,099 shares of the semiconductor company's stock valued at $699,435,000 after buying an additional 67,590 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Universal Display by 12.8% in the fourth quarter. Geode Capital Management LLC now owns 901,315 shares of the semiconductor company's stock valued at $131,806,000 after acquiring an additional 101,963 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Universal Display by 58.2% during the fourth quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company's stock valued at $99,975,000 after acquiring an additional 251,557 shares during the last quarter. Norges Bank purchased a new stake in Universal Display during the 4th quarter worth about $95,924,000. Finally, Bank of New York Mellon Corp raised its stake in Universal Display by 10.7% in the 4th quarter. Bank of New York Mellon Corp now owns 437,592 shares of the semiconductor company's stock valued at $63,976,000 after purchasing an additional 42,218 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Stock Up 3.1 %

Shares of NASDAQ OLED traded up $3.34 during trading on Friday, hitting $111.45. 277,266 shares of the company traded hands, compared to its average volume of 543,961. The firm has a market capitalization of $5.29 billion, a P/E ratio of 23.91, a P/E/G ratio of 1.61 and a beta of 1.42. The company has a 50-day moving average price of $143.49 and a 200-day moving average price of $161.73. Universal Display Co. has a 1 year low of $103.70 and a 1 year high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.08 by $0.14. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The company had revenue of $162.29 million during the quarter, compared to analyst estimates of $152.75 million. Research analysts predict that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.80 annualized dividend and a dividend yield of 1.62%. This is a positive change from Universal Display's previous quarterly dividend of $0.40. Universal Display's dividend payout ratio is presently 38.71%.

Analyst Ratings Changes

Several research firms have issued reports on OLED. StockNews.com raised shares of Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, March 21st. Susquehanna decreased their target price on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Citigroup cut their price target on Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Needham & Company LLC decreased their price objective on Universal Display from $215.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, Roth Mkm lifted their price objective on Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.