Sherbrooke Park Advisers LLC Invests $1.16 Million in Universal Display Co. (NASDAQ:OLED)

Sherbrooke Park Advisers LLC bought a new stake in Universal Display Co. (NASDAQ:OLED - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 7,900 shares of the semiconductor company's stock, valued at approximately $1,155,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sora Investors LLC grew its stake in Universal Display by 121.7% in the 4th quarter. Sora Investors LLC now owns 77,578 shares of the semiconductor company's stock valued at $11,342,000 after buying an additional 42,578 shares during the last quarter. Rockbridge Capital Management LLC acquired a new position in Universal Display in the 4th quarter valued at $1,823,000. Point72 Asset Management L.P. acquired a new position in Universal Display in the 4th quarter valued at $38,981,000. Point72 Hong Kong Ltd acquired a new position in Universal Display in the 4th quarter valued at $20,952,000. Finally, Polar Asset Management Partners Inc. grew its stake in Universal Display by 90.2% in the 4th quarter. Polar Asset Management Partners Inc. now owns 120,000 shares of the semiconductor company's stock valued at $17,544,000 after buying an additional 56,900 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on OLED. Susquehanna decreased their price target on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Roth Mkm raised their price objective 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. StockNews.com raised shares of Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and set a $170.00 price objective on shares of Universal Display in a report on Friday, May 2nd. Finally, Citigroup reduced their price objective 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Universal Display currently has a consensus rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display Stock Performance

Shares of NASDAQ OLED traded down $3.28 during trading on Monday, reaching $152.23. The company had a trading volume of 465,952 shares, compared to its average volume of 588,884. Universal Display Co. has a 52 week low of $103.70 and a 52 week high of $237.00. The stock has a market cap of $7.23 billion, a PE ratio of 32.74, a PEG ratio of 1.61 and a beta of 1.46. The business's 50 day moving average price is $134.74 and its 200-day moving average price is $147.95.

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

Universal Display Announces Dividend

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 paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Monday, June 16th. Universal Display's dividend payout ratio is presently 37.42%.

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.