Bayesian Capital Management LP Takes $317,000 Position in Universal Display Co. (NASDAQ:OLED)

Bayesian Capital Management LP acquired a new position in shares of Universal Display Co. (NASDAQ:OLED - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,165 shares of the semiconductor company's stock, valued at approximately $317,000.

Other hedge funds have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. grew its position in Universal Display by 280.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock valued at $31,000 after buying an additional 154 shares in the last quarter. Blue Trust Inc. raised its position in Universal Display by 401.9% during the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 209 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Universal Display during the fourth quarter valued at approximately $40,000. Farther Finance Advisors LLC grew 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 during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Universal Display by 185.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company's stock valued at $52,000 after purchasing an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 78.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on OLED. The Goldman Sachs Group reduced their target price 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. StockNews.com raised shares of Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Citigroup cut their price objective on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Needham & Company LLC reissued a "buy" rating and set a $170.00 target price on shares of Universal Display in a research report on Friday, May 2nd. Finally, Roth Mkm increased their target price on Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Universal Display presently has an average rating of "Moderate Buy" and an average price target of $190.43.

Universal Display Stock Down 0.0%

Shares of Universal Display stock traded down $0.02 during trading hours on Tuesday, reaching $154.93. 112,840 shares of the stock traded hands, compared to its average volume of 580,113. Universal Display Co. has a one year low of $103.70 and a one year high of $237.00. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 33.32, a P/E/G ratio of 1.61 and a beta of 1.46. The company has a 50 day moving average price of $134.63 and a 200 day moving average price of $149.44.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $166.28 million during the quarter, compared to the consensus estimate of $154.76 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. Universal Display's revenue was up .6% on a year-over-year basis. During the same period last year, the company earned $1.19 earnings per share. Sell-side analysts anticipate that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Monday, June 16th. Universal Display's dividend payout ratio is currently 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.