AQR Capital Management LLC Increases Stock Position in Universal Display Co. (NASDAQ:OLED)

AQR Capital Management LLC boosted its holdings in Universal Display Co. (NASDAQ:OLED - Free Report) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 216,223 shares of the semiconductor company's stock after acquiring an additional 26,556 shares during the quarter. AQR Capital Management LLC owned about 0.46% of Universal Display worth $31,612,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Universal Display during the 4th quarter worth approximately $95,924,000. Raymond James Financial Inc. bought a new stake in Universal Display in the fourth quarter valued at $41,504,000. Jennison Associates LLC lifted its position in Universal Display by 58.2% in the 4th 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 during the last quarter. Barclays PLC grew its position in Universal Display by 753.8% in the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock worth $44,608,000 after purchasing an additional 187,627 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in Universal Display by 679.9% in the 4th quarter. Hsbc Holdings PLC now owns 157,502 shares of the semiconductor company's stock valued at $23,120,000 after acquiring an additional 137,307 shares during the period. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Universal Display Stock Up 1.5 %

OLED stock traded up $2.12 during mid-day trading on Thursday, reaching $145.43. 155,894 shares of the company traded hands, compared to its average volume of 576,501. The firm's 50 day moving average price is $134.76 and its 200 day moving average price is $151.33. Universal Display Co. has a fifty-two week low of $103.70 and a fifty-two week high of $237.00. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 31.23, a P/E/G ratio of 1.61 and a beta of 1.46.

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

Universal Display Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.24%. Universal Display's payout ratio is 37.42%.

Analyst Ratings Changes

A number of analysts have weighed in on OLED shares. Susquehanna decreased their price target on Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Citigroup decreased their target price on Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group decreased their price target 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. StockNews.com raised Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, Roth Mkm lifted their price objective on shares of Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $190.43.

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.