3,670 Shares in Universal Display Co. (NASDAQ:OLED) Purchased by Virtu Financial LLC

Virtu Financial LLC bought a new stake in shares of Universal Display Co. (NASDAQ:OLED) in the fourth quarter, Holdings Channel reports. The fund bought 3,670 shares of the semiconductor company’s stock, valued at approximately $537,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in shares of Universal Display in the 4th quarter worth approximately $41,504,000. Jennison Associates LLC grew its stake in shares of Universal Display by 58.2% in the fourth quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company’s stock worth $99,975,000 after acquiring an additional 251,557 shares during the last quarter. Barclays PLC increased its holdings in shares of Universal Display by 753.8% during the third quarter. Barclays PLC now owns 212,518 shares of the semiconductor company’s stock valued at $44,608,000 after acquiring an additional 187,627 shares in the last quarter. Southpoint Capital Advisors LP raised 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 during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Universal Display by 95.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 189,603 shares of the semiconductor company’s stock worth $27,720,000 after purchasing an additional 92,410 shares in the last quarter. Institutional investors own 78.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Oppenheimer reduced their price objective on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, January 2nd. 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 report on Friday, February 21st. Citigroup lowered their price objective on Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Needham & Company LLC decreased their price target on Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, StockNews.com raised Universal Display from a “sell” rating to a “hold” rating in a research report on Friday, March 21st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Universal Display has an average rating of “Moderate Buy” and an average price target of $190.43.

Universal Display Price Performance

NASDAQ OLED opened at $152.30 on Wednesday. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 32.75, 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. The business’s fifty day moving average price is $149.39 and its 200-day moving average price is $168.82.

Universal Display (NASDAQ:OLED) last posted its 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 company had revenue of $162.29 million for 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%. Equities research analysts anticipate that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.18%. 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. Universal Display’s payout ratio is 38.71%.

Universal Display 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.