Private Advisor Group LLC Raises Position in Universal Display Co. (NASDAQ:OLED)

Private Advisor Group LLC grew its position in shares of Universal Display Co. (NASDAQ:OLED) by 2.7% during the fourth quarter, Holdings Channel reports. The fund owned 6,418 shares of the semiconductor company’s stock after purchasing an additional 170 shares during the period. Private Advisor Group LLC’s holdings in Universal Display were worth $938,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Universal Display by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 799,352 shares of the semiconductor company’s stock worth $167,825,000 after acquiring an additional 15,015 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Universal Display by 58.2% during the fourth quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company’s stock valued at $99,975,000 after purchasing an additional 251,557 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Universal Display by 27.2% during the third quarter. Van ECK Associates Corp now owns 507,440 shares of the semiconductor company’s stock valued at $101,914,000 after purchasing an additional 108,394 shares during the last quarter. Southpoint Capital Advisors LP boosted its position in shares of Universal Display by 46.0% in the 3rd quarter. Southpoint Capital Advisors LP now owns 365,000 shares of the semiconductor company’s stock worth $76,614,000 after purchasing an additional 115,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Universal Display by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 333,872 shares of the semiconductor company’s stock worth $70,080,000 after buying an additional 10,046 shares during the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Citigroup lowered their price objective on Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. The Goldman Sachs Group lowered their price target on Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Needham & Company LLC cut their price objective on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Roth Mkm lifted their target price on shares of Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Susquehanna cut their price target on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $190.43.

Universal Display Stock Up 1.7 %

Shares of Universal Display stock opened at $153.62 on Friday. Universal Display Co. has a twelve month low of $140.17 and a twelve month high of $237.00. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39. The company’s 50 day moving average is $148.76 and its 200 day moving average is $173.39.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.08 by $0.14. The firm had revenue of $162.29 million during 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%. Sell-side analysts expect that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.45 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.80 annualized dividend and a dividend yield of 1.17%. This is an increase from Universal Display’s previous quarterly dividend of $0.40. Universal Display’s dividend payout ratio (DPR) is 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.