Ieq Capital LLC Buys 2,839 Shares of Universal Display Co. (NASDAQ:OLED)

Ieq Capital LLC boosted its stake in shares of Universal Display Co. (NASDAQ:OLED) by 64.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,237 shares of the semiconductor company’s stock after purchasing an additional 2,839 shares during the quarter. Ieq Capital LLC’s holdings in Universal Display were worth $1,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in OLED. Geode Capital Management LLC grew its position 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 buying an additional 15,015 shares during the last quarter. Jennison Associates LLC boosted its stake in Universal Display by 58.2% in the fourth quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company’s stock valued at $99,975,000 after acquiring an additional 251,557 shares in the last quarter. Van ECK Associates Corp grew its holdings in Universal Display by 27.2% in the third quarter. Van ECK Associates Corp now owns 507,440 shares of the semiconductor company’s stock worth $101,914,000 after purchasing an additional 108,394 shares during the last quarter. Southpoint Capital Advisors LP increased its position in shares of Universal Display by 46.0% during the third 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. lifted its holdings in shares of Universal Display by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 333,872 shares of the semiconductor company’s stock valued at $70,080,000 after purchasing an additional 10,046 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on OLED shares. Roth Mkm boosted their target price on Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research note on Friday. Oppenheimer dropped their price target on Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, January 2nd. Citigroup decreased 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 report on Monday, February 10th. Needham & Company LLC lowered their target price on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a research note on Friday. Finally, The Goldman Sachs Group cut their price target on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Universal Display presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.43.

Universal Display Trading Up 0.4 %

OLED opened at $157.90 on Tuesday. Universal Display Co. has a 12-month low of $140.17 and a 12-month high of $237.00. The firm has a 50 day moving average of $148.39 and a two-hundred day moving average of $173.84. The firm has a market capitalization of $7.50 billion, a PE ratio of 33.96, a P/E/G ratio of 1.61 and a beta of 1.39.

Universal Display (NASDAQ:OLED) last issued its 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. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The firm had revenue of $162.29 million during the quarter, compared to analysts’ expectations of $152.75 million. As a group, analysts predict 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 issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Monday, March 17th. This is a boost from Universal Display’s previous quarterly dividend of $0.40. 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.