Aquatic Capital Management LLC Takes Position in Universal Display Co. (NASDAQ:OLED)

Aquatic Capital Management LLC acquired a new stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 21,896 shares of the semiconductor company's stock, valued at approximately $3,201,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brown Brothers Harriman & Co. increased its position in Universal Display by 280.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock worth $31,000 after buying an additional 154 shares in the last quarter. Blue Trust Inc. increased its holdings in Universal Display by 401.9% in the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 209 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Universal Display during the 4th quarter worth approximately $40,000. Farther Finance Advisors LLC lifted its holdings in Universal Display by 761.1% during the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock valued at $45,000 after purchasing an additional 274 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Universal Display by 185.6% in 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. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Universal Display Trading Up 2.0 %

Shares of NASDAQ OLED traded up $2.82 during trading hours on Friday, reaching $144.02. The stock had a trading volume of 1,306,983 shares, compared to its average volume of 576,593. Universal Display Co. has a 52-week low of $103.70 and a 52-week high of $237.00. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 30.97, a P/E/G ratio of 1.61 and a beta of 1.46. The business's fifty day moving average price is $135.81 and its two-hundred day moving average price is $153.00.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.07 by $0.28. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The firm had revenue of $166.28 million for the quarter, compared to analyst estimates of $154.76 million. During the same quarter last year, the firm posted $1.19 earnings per share. The business's revenue for the quarter was up .6% on a year-over-year basis. Equities research analysts anticipate that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, June 16th. This represents a $1.80 annualized dividend and a yield of 1.25%. Universal Display's dividend payout ratio (DPR) is presently 37.42%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OLED. The Goldman Sachs Group dropped their target price on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Susquehanna decreased their target price on Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. StockNews.com downgraded shares of Universal Display from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Oppenheimer dropped their price target on Universal Display from $220.00 to $200.00 and set an "outperform" rating for the company in a research note on Thursday, January 2nd. Finally, Citigroup reduced their price objective on Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $190.43.

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.