Universal Display Co. (NASDAQ:OLED) Stock Holdings Increased by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. boosted its holdings in Universal Display Co. (NASDAQ:OLED - Free Report) by 37.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,784 shares of the semiconductor company's stock after acquiring an additional 6,184 shares during the period. Icon Advisers Inc. Co.'s holdings in Universal Display were worth $3,331,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its position in shares of Universal Display by 20.6% in the third quarter. HighTower Advisors LLC now owns 6,132 shares of the semiconductor company's stock valued at $1,287,000 after purchasing an additional 1,048 shares during the last quarter. MML Investors Services LLC grew its holdings in Universal Display by 208.8% during the 3rd quarter. MML Investors Services LLC now owns 4,008 shares of the semiconductor company's stock valued at $841,000 after buying an additional 2,710 shares during the last quarter. Barclays PLC increased its position in Universal Display by 753.8% during the third quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock worth $44,608,000 after buying an additional 187,627 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Universal Display by 12.0% in the third quarter. M&T Bank Corp now owns 2,086 shares of the semiconductor company's stock worth $438,000 after acquiring an additional 223 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Universal Display by 1.9% in the third quarter. Geode Capital Management LLC now owns 799,352 shares of the semiconductor company's stock valued at $167,825,000 after acquiring an additional 15,015 shares in the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on OLED shares. Citigroup cut their target price on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. 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. StockNews.com downgraded Universal Display from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Oppenheimer decreased their price objective on Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, January 2nd. Finally, Needham & Company LLC reduced their target price 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display Stock Performance

Universal Display stock traded up $0.31 during midday trading on Friday, reaching $113.98. The stock had a trading volume of 458,108 shares, compared to its average volume of 554,375. The stock has a market capitalization of $5.41 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42. The stock's 50-day simple moving average is $139.96 and its 200 day simple moving average is $158.22. Universal Display Co. has a twelve month low of $103.70 and a twelve month high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.08 by $0.14. The firm had revenue of $162.29 million during 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%. Equities analysts predict that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The firm also recently disclosed 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. The ex-dividend date was Monday, March 17th. This is an increase from Universal Display's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.58%. Universal Display's payout ratio is currently 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.