Transce3nd LLC Acquires New Position in Universal Display Co. (NASDAQ:OLED)

Transce3nd LLC bought a new position in Universal Display Co. (NASDAQ:OLEDFree Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 372 shares of the semiconductor company’s stock, valued at approximately $54,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Pacer Advisors Inc. raised its stake in Universal Display by 37.2% during the fourth quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company’s stock worth $3,983,000 after purchasing an additional 7,390 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Universal Display by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company’s stock valued at $49,857,000 after acquiring an additional 7,147 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Universal Display by 95.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 189,603 shares of the semiconductor company’s stock worth $27,720,000 after acquiring an additional 92,410 shares during the period. Sterling Capital Management LLC increased its stake in Universal Display by 35.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,767 shares of the semiconductor company’s stock worth $258,000 after acquiring an additional 458 shares during the last quarter. Finally, Inspire Investing LLC acquired a new stake in Universal Display during the fourth quarter worth $462,000. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Stock Up 2.0 %

Universal Display stock opened at $116.08 on Wednesday. Universal Display Co. has a 52-week low of $103.70 and a 52-week high of $237.00. The firm has a market cap of $5.51 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42. The company’s 50 day moving average is $138.84 and its two-hundred day moving average is $156.56.

Universal Display (NASDAQ:OLEDGet Free Report) last announced its quarterly earnings data 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. 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 analysts’ expectations of $152.75 million. On average, equities research analysts anticipate that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.55%. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, March 17th. Universal Display’s dividend payout ratio is presently 38.71%.

Analysts Set New Price Targets

OLED has been the subject of a number of research analyst reports. Susquehanna lowered their price target on Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Citigroup lowered 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. Needham & Company LLC reduced their price target on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. 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, Roth Mkm boosted their target price on Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Universal Display currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.43.

View Our Latest Analysis on Universal Display

About Universal Display

(Free Report)

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.

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Institutional Ownership by Quarter for Universal Display (NASDAQ:OLED)

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