Y Intercept Hong Kong Ltd Takes $1.66 Million Position in Universal Display Co. (NASDAQ:OLED)

Y Intercept Hong Kong Ltd bought a new position in shares of Universal Display Co. (NASDAQ:OLED - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 11,321 shares of the semiconductor company's stock, valued at approximately $1,655,000.

Other hedge funds have also recently bought and sold shares of the company. Glenmede Trust Co. NA raised its holdings in Universal Display by 1.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company's stock worth $1,269,000 after buying an additional 97 shares during the period. BNP Paribas Financial Markets raised its holdings in Universal Display by 8.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 52,713 shares of the semiconductor company's stock worth $11,064,000 after buying an additional 4,269 shares during the period. Montanaro Asset Management Ltd raised its holdings in Universal Display by 217.4% during the 3rd quarter. Montanaro Asset Management Ltd now owns 63,260 shares of the semiconductor company's stock worth $13,278,000 after buying an additional 43,330 shares during the period. Cerity Partners LLC raised its holdings 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 buying an additional 6,818 shares during the period. Finally, Pacer Advisors Inc. raised its holdings in shares of Universal Display by 37.2% in the fourth quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company's stock valued at $3,983,000 after purchasing an additional 7,390 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Stock Up 1.7 %

Shares of NASDAQ:OLED traded up $2.63 during midday trading on Friday, hitting $153.62. The stock had a trading volume of 594,590 shares, compared to its average volume of 747,876. Universal Display Co. has a 12 month low of $140.17 and a 12 month high of $237.00. The business's 50-day simple moving average is $148.76 and its 200-day simple moving average is $173.39. The company has a market cap of $7.29 billion, a P/E ratio of 33.04, a PEG ratio of 1.61 and a beta of 1.39.

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

Universal Display Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.17%. This is a boost from Universal Display's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, March 17th. Universal Display's payout ratio is 38.71%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on OLED shares. Citigroup lowered their price objective on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group lowered their price objective on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Roth Mkm lifted their price objective 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. Needham & Company LLC lowered 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. Finally, Oppenheimer lowered their price objective on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Universal Display has a consensus 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.