Universal Display Co. (NASDAQ:OLED) Stake Raised by AQR Capital Management LLC

AQR Capital Management LLC boosted its position in Universal Display Co. (NASDAQ:OLED - Free Report) by 14.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,223 shares of the semiconductor company's stock after buying an additional 26,556 shares during the quarter. AQR Capital Management LLC owned 0.46% of Universal Display worth $31,612,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OLED. Barclays PLC raised its holdings in Universal Display by 753.8% in 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. Wilmington Savings Fund Society FSB raised its stake in shares of Universal Display by 2.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,272 shares of the semiconductor company's stock valued at $897,000 after purchasing an additional 118 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Universal Display by 9.2% in the 3rd quarter. Tidal Investments LLC now owns 7,037 shares of the semiconductor company's stock valued at $1,477,000 after purchasing an additional 595 shares in the last quarter. Synovus Financial Corp lifted its position in shares of Universal Display by 41.3% during the third quarter. Synovus Financial Corp now owns 8,277 shares of the semiconductor company's stock worth $1,738,000 after purchasing an additional 2,419 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in Universal Display by 35.5% in the third quarter. B. Riley Wealth Advisors Inc. now owns 1,759 shares of the semiconductor company's stock worth $369,000 after purchasing an additional 461 shares in the last quarter. Hedge funds and other institutional investors own 78.19% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on OLED. Needham & Company LLC reiterated a "buy" rating and issued a $170.00 target price on shares of Universal Display in a research report on Friday. Roth Mkm raised their price target on shares of Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Susquehanna lowered their price objective on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. The Goldman Sachs Group dropped their price objective 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. Finally, Citigroup decreased their target price on Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $190.43.

Universal Display Trading Down 0.6 %

Universal Display stock traded down $0.80 during midday trading on Monday, reaching $143.22. 660,073 shares of the stock traded hands, compared to its average volume of 576,560. The firm has a fifty day moving average price of $135.18 and a two-hundred day moving average price of $151.46. Universal Display Co. has a fifty-two week low of $103.70 and a fifty-two week high of $237.00. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 1.61 and a beta of 1.46.

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

Universal Display Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 1.26%. The ex-dividend date is Monday, June 16th. Universal Display's dividend payout ratio is currently 37.42%.

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.