MetLife Investment Management LLC Has $3.80 Million Position in Universal Display Co. (NASDAQ:OLED)

MetLife Investment Management LLC boosted its holdings in Universal Display Co. (NASDAQ:OLED - Free Report) by 8.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,961 shares of the semiconductor company's stock after buying an additional 2,039 shares during the period. MetLife Investment Management LLC owned approximately 0.05% of Universal Display worth $3,795,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC boosted its stake in Universal Display by 753.8% during the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock worth $44,608,000 after acquiring an additional 187,627 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of Universal Display by 2.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 4,272 shares of the semiconductor company's stock worth $897,000 after purchasing an additional 118 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Universal Display by 9.2% in the 3rd quarter. Tidal Investments LLC now owns 7,037 shares of the semiconductor company's stock valued at $1,477,000 after buying an additional 595 shares during the period. Synovus Financial Corp increased its position in shares of Universal Display by 41.3% in the 3rd quarter. Synovus Financial Corp now owns 8,277 shares of the semiconductor company's stock valued at $1,738,000 after buying an additional 2,419 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its stake in Universal Display by 35.5% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,759 shares of the semiconductor company's stock worth $369,000 after buying an additional 461 shares during the period. 78.19% of the stock is owned by institutional investors.

Universal Display Price Performance

OLED stock traded down $2.36 during mid-day trading on Tuesday, reaching $124.18. The company had a trading volume of 534,866 shares, compared to its average volume of 561,632. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 1.61 and a beta of 1.42. Universal Display Co. has a 52 week low of $103.70 and a 52 week high of $237.00. The stock has a 50 day simple moving average of $137.24 and a two-hundred day simple moving average of $153.84.

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 company had revenue of $162.29 million during the quarter, compared to analysts' expectations of $152.75 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. On average, equities analysts predict that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was 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 presently 38.71%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Oppenheimer decreased their target price on Universal Display from $220.00 to $200.00 and set an "outperform" rating for the company in a research note on Thursday, January 2nd. Citigroup lowered 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. StockNews.com lowered shares of Universal Display from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. The Goldman Sachs Group lowered their price objective 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. Finally, Needham & Company LLC cut their price objective on shares of Universal Display from $215.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. One equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $190.43.

Universal Display Profile

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.