Signaturefd LLC Lowers Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Signaturefd LLC lessened its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 72.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 379 shares of the semiconductor company’s stock after selling 1,022 shares during the quarter. Signaturefd LLC’s holdings in Universal Display were worth $55,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in OLED. Brooklyn Investment Group acquired a new stake in Universal Display in the 3rd quarter worth about $30,000. True Wealth Design LLC acquired a new stake in shares of Universal Display in the third quarter worth approximately $36,000. Blue Trust Inc. grew its holdings 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 purchasing an additional 209 shares during the period. Farther Finance Advisors LLC increased its position in Universal Display by 761.1% during the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 274 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Universal Display by 185.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 232 shares during the period. Institutional investors and hedge funds own 78.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Citigroup lowered their price objective 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. StockNews.com upgraded Universal Display from a “sell” rating to a “hold” rating in a research note on Friday. Oppenheimer decreased their target price on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, January 2nd. Roth Mkm raised their price target 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. Finally, Susquehanna decreased their price objective on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $190.43.

Universal Display Price Performance

NASDAQ:OLED opened at $153.54 on Tuesday. The firm has a 50-day moving average of $149.27 and a two-hundred day moving average of $169.04. The stock has a market cap of $7.29 billion, a P/E ratio of 33.02, a PEG 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.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The firm had revenue of $162.29 million during the quarter, compared to analyst estimates of $152.75 million. As a group, equities analysts expect 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 paid 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 an increase from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, March 17th. Universal Display’s dividend payout ratio is 38.71%.

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.