Barclays PLC Purchases 38,129 Shares of Universal Display Co. (NASDAQ:OLED)

Barclays PLC grew its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 17.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 250,647 shares of the semiconductor company's stock after purchasing an additional 38,129 shares during the quarter. Barclays PLC owned approximately 0.53% of Universal Display worth $36,645,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in Universal Display by 37.2% in the 4th quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company's stock worth $3,983,000 after acquiring an additional 7,390 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Universal Display by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company's stock worth $49,857,000 after purchasing an additional 7,147 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Universal Display by 95.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 189,603 shares of the semiconductor company's stock worth $27,720,000 after purchasing an additional 92,410 shares during the last quarter. Sterling Capital Management LLC increased its holdings in Universal Display by 35.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,767 shares of the semiconductor company's stock valued at $258,000 after purchasing an additional 458 shares during the period. Finally, Inspire Investing LLC bought a new position in Universal Display during the 4th quarter valued at approximately $462,000. Institutional investors own 78.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on OLED. Oppenheimer cut their price objective on Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a research report on Thursday, January 2nd. Needham & Company LLC reduced their price objective on shares of Universal Display from $215.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. StockNews.com cut shares of Universal Display from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. The Goldman Sachs Group reduced 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 report on Thursday, February 6th. Finally, 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 report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $190.43.

Universal Display Price Performance

NASDAQ OLED traded up $4.44 during trading hours on Wednesday, reaching $120.52. 107,302 shares of the company's stock traded hands, compared to its average volume of 555,434. Universal Display Co. has a 52-week low of $103.70 and a 52-week high of $237.00. The firm has a 50-day simple moving average of $138.84 and a 200 day simple moving average of $156.56. The firm has a market cap of $5.72 billion, a PE ratio of 25.92, a PEG ratio of 1.61 and a beta of 1.42.

Universal Display (NASDAQ:OLED - Get Free Report) last released its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.14. The firm had revenue of $162.29 million during the quarter, compared to analyst estimates of $152.75 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. Sell-side analysts forecast that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.45 dividend. This is a boost from Universal Display's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Monday, March 17th. Universal Display's dividend payout ratio is currently 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.