Universal Display Co. (NASDAQ:OLED) Stake Raised by Jones Financial Companies Lllp

Jones Financial Companies Lllp grew its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 2,005.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 358 shares of the semiconductor company’s stock after purchasing an additional 341 shares during the quarter. Jones Financial Companies Lllp’s holdings in Universal Display were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Assetmark Inc. bought a new stake in shares of Universal Display during the third quarter valued at approximately $29,000. Brooklyn Investment Group bought a new stake in shares of Universal Display during the third quarter valued at approximately $30,000. True Wealth Design LLC bought a new stake in shares of Universal Display during the third quarter valued at approximately $36,000. Blue Trust Inc. raised its holdings in shares of Universal Display by 401.9% during 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. Finally, Quarry LP raised its holdings in shares of Universal Display by 1,347.8% during the third quarter. Quarry LP now owns 333 shares of the semiconductor company’s stock valued at $70,000 after buying an additional 310 shares during the last quarter. Institutional investors own 78.19% of the company’s stock.

Universal Display Stock Performance

Universal Display stock opened at $156.51 on Tuesday. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 33.66, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40. Universal Display Co. has a 1 year low of $140.17 and a 1 year high of $237.00. The firm’s 50 day moving average price is $148.99 and its two-hundred day moving average price is $170.31.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 34.29% and a return on equity of 15.51%. As a group, equities analysts predict that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.45 dividend. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.80 annualized dividend and a yield of 1.15%. Universal Display’s payout ratio is 38.71%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OLED. The Goldman Sachs Group cut 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. Roth Mkm boosted their target price on Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Needham & Company LLC dropped their target price on Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Citigroup dropped their target price on Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Finally, Susquehanna dropped their target price on Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $190.43.

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.