Universal Display Co. (NASDAQ:OLED) Stake Boosted by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its position in shares of Universal Display Co. (NASDAQ:OLED) by 19.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 13,375 shares of the semiconductor company’s stock after purchasing an additional 2,152 shares during the period. Sanctuary Advisors LLC’s holdings in Universal Display were worth $2,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Assetmark Inc. bought a new stake in Universal Display in the third quarter valued at $29,000. Brooklyn Investment Group bought a new stake in Universal Display in the third quarter valued at $30,000. Nisa Investment Advisors LLC lifted its stake in Universal Display by 60.2% in the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 65 shares during the last quarter. True Wealth Design LLC bought a new stake in Universal Display in the third quarter valued at $36,000. Finally, Blue Trust Inc. lifted its stake in Universal Display by 401.9% in the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 209 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on OLED shares. Susquehanna cut their target price on Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday. Needham & Company LLC cut their target price on Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday. Roth Mkm raised their target price on Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research note on Friday. TD Cowen lowered their price target on Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, The Goldman Sachs Group lowered their price target on Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Universal Display currently has an average rating of “Moderate Buy” and an average target price of $190.43.

Universal Display Stock Performance

Shares of OLED opened at $157.30 on Monday. The stock’s fifty day moving average is $148.41 and its 200-day moving average is $173.91. The firm has a market capitalization of $7.47 billion, a price-to-earnings ratio of 33.83, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39. Universal Display Co. has a one year low of $140.17 and a one year high of $237.00.

Universal Display (NASDAQ:OLED) last released 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 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%. Analysts forecast that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.45 per share. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Monday, March 17th. Universal Display’s payout ratio is presently 38.71%.

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.