Virtu Financial LLC Makes New Investment in Universal Display Co. (NASDAQ:OLED)

Virtu Financial LLC bought a new stake in Universal Display Co. (NASDAQ:OLED - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,670 shares of the semiconductor company's stock, valued at approximately $537,000.

Several other large investors have also modified their holdings of OLED. Semanteon Capital Management LP acquired a new stake in shares of Universal Display during the fourth quarter valued at about $501,000. Blueshift Asset Management LLC acquired a new position in Universal Display during the fourth quarter worth $736,000. Magnetar Financial LLC purchased a new position in Universal Display during the 4th quarter valued at about $695,000. Xponance Inc. increased its stake in Universal Display by 7.1% during the 4th quarter. Xponance Inc. now owns 7,963 shares of the semiconductor company's stock worth $1,164,000 after buying an additional 530 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in shares of Universal Display by 49.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 207,737 shares of the semiconductor company's stock valued at $30,371,000 after acquiring an additional 68,722 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company's stock.

Universal Display Stock Down 3.1 %

Shares of NASDAQ OLED traded down $4.57 during midday trading on Friday, hitting $145.17. The company had a trading volume of 476,057 shares, compared to its average volume of 509,491. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40. Universal Display Co. has a twelve month low of $140.17 and a twelve month high of $237.00. The business has a 50-day simple moving average of $149.47 and a two-hundred day simple moving average of $168.06.

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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 business had revenue of $162.29 million for the quarter, compared to analyst estimates of $152.75 million. On average, equities analysts forecast that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, March 17th. This is an increase from Universal Display's previous quarterly dividend of $0.40. Universal Display's payout ratio is 38.71%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Needham & Company LLC lowered their price objective on Universal Display from $215.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Oppenheimer lowered their price target on Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, January 2nd. Susquehanna lowered their price objective 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. StockNews.com upgraded shares of Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, March 21st. Finally, Roth Mkm lifted their target price on shares of Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $190.43.

Universal Display Company 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.