Greenhouse Funds LLLP Has $85.32 Million Stake in Universal Display Co. (NASDAQ:OLED)

Greenhouse Funds LLLP boosted its position in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 11.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 583,603 shares of the semiconductor company's stock after acquiring an additional 58,775 shares during the period. Universal Display comprises 3.6% of Greenhouse Funds LLLP's investment portfolio, making the stock its 11th biggest holding. Greenhouse Funds LLLP owned about 1.23% of Universal Display worth $85,323,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. grew its position in Universal Display by 280.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock worth $31,000 after purchasing an additional 154 shares during the last quarter. Blue Trust Inc. lifted its position in 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 acquiring an additional 209 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of Universal Display in the 4th quarter valued at approximately $40,000. Farther Finance Advisors LLC raised its stake in shares of Universal Display by 761.1% during the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock worth $45,000 after purchasing an additional 274 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Universal Display by 185.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company's stock valued at $52,000 after buying an additional 232 shares during the last quarter. Institutional investors and hedge funds own 78.19% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on OLED. Citigroup cut their price objective 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. StockNews.com downgraded Universal Display from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. 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. Susquehanna decreased their price objective on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Finally, Needham & Company LLC reduced their price target 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, February 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $190.43.

Universal Display Stock Up 5.9 %

OLED stock opened at $125.45 on Friday. The company has a market capitalization of $5.95 billion, a PE ratio of 26.98, a P/E/G ratio of 1.61 and a beta of 1.42. The stock's 50 day moving average is $138.02 and its two-hundred day moving average is $155.71. Universal Display Co. has a 52-week low of $103.70 and a 52-week high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its 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 firm had revenue of $162.29 million for the quarter, compared to analysts' expectations of $152.75 million. As a group, sell-side analysts anticipate that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.45 per share. This is a positive change from Universal Display's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.43%. The ex-dividend date was Monday, March 17th. Universal Display's dividend payout ratio (DPR) is 38.71%.

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.