Universal Display Co. (NASDAQ:OLED) Stock Position Increased by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in Universal Display Co. (NASDAQ:OLED - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,784,099 shares of the semiconductor company's stock after acquiring an additional 67,590 shares during the period. Vanguard Group Inc. owned about 10.08% of Universal Display worth $699,435,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cerity Partners LLC lifted its position in Universal Display by 385.2% during the 3rd quarter. Cerity Partners LLC now owns 8,588 shares of the semiconductor company's stock worth $1,803,000 after acquiring an additional 6,818 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Universal Display during the third quarter valued at approximately $30,000. BNP Paribas Financial Markets lifted its position in shares of Universal Display by 8.8% during the third quarter. BNP Paribas Financial Markets now owns 52,713 shares of the semiconductor company's stock worth $11,064,000 after purchasing an additional 4,269 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Universal Display by 1.6% in the third quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company's stock valued at $1,269,000 after purchasing an additional 97 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Universal Display by 22.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,680 shares of the semiconductor company's stock valued at $2,452,000 after purchasing an additional 2,169 shares during the period. Institutional investors and hedge funds own 78.19% of the company's stock.

Remove Ads

Analyst Ratings Changes

A number of equities analysts have commented on OLED shares. 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 report on Friday, February 21st. Susquehanna cut their price target on Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Roth Mkm raised their price objective on Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research note on Friday, February 21st. StockNews.com upgraded Universal Display from a "sell" rating to a "hold" rating in a report on Friday, March 21st. Finally, Citigroup reduced 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $190.43.

Universal Display Trading Down 3.5 %

NASDAQ OLED traded down $4.10 on Friday, hitting $113.42. 1,339,933 shares of the stock traded hands, compared to its average volume of 522,134. The company has a market capitalization of $5.38 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40. The stock has a 50-day moving average of $147.52 and a 200 day moving average of $165.72. Universal Display Co. has a twelve month low of $102.46 and a twelve month high of $237.00.

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

Universal Display Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.45 dividend. The ex-dividend date was Monday, March 17th. This is a positive change from Universal Display's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.59%. Universal Display's payout ratio 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.