Universal Display Co. (NASDAQ:OLED) Shares Bought by LPL Financial LLC

LPL Financial LLC increased its position in shares of Universal Display Co. (NASDAQ:OLED) by 22.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,671 shares of the semiconductor company’s stock after purchasing an additional 9,325 shares during the period. LPL Financial LLC’s holdings in Universal Display were worth $7,408,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its holdings in 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. Stifel Financial Corp lifted its stake in Universal Display by 200.0% in the 3rd quarter. Stifel Financial Corp now owns 120,234 shares of the semiconductor company’s stock valued at $25,237,000 after buying an additional 80,162 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Universal Display by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company’s stock valued at $49,857,000 after buying an additional 7,147 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of 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 last quarter. Finally, Inspire Investing LLC purchased a new stake in shares of Universal Display in the fourth quarter valued at $462,000. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Wall Street Analysts Forecast Growth

OLED has been the subject of a number of recent research reports. Susquehanna dropped their price objective on Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Roth Mkm increased their price target on Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research note 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 report on Monday, February 10th. Needham & Company LLC cut 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. Finally, StockNews.com raised shares of Universal Display from a “sell” rating to a “hold” rating in a research note on Friday, March 21st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $190.43.

Universal Display Price Performance

Shares of NASDAQ OLED opened at $113.42 on Friday. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 1.61 and a beta of 1.40. Universal Display Co. has a 1-year low of $109.66 and a 1-year high of $237.00. The business has a 50-day moving average of $147.52 and a 200-day moving average of $165.44.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results 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. The business had revenue of $162.29 million during the quarter, compared to the consensus estimate of $152.75 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. Research analysts expect that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.45 per share. The ex-dividend date was Monday, March 17th. This is a boost from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.59%. Universal Display’s dividend payout ratio (DPR) 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.