Capital Fund Management S.A. Buys Shares of 17,237 Universal Display Co. (NASDAQ:OLED)

Capital Fund Management S.A. purchased a new stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,237 shares of the semiconductor company's stock, valued at approximately $2,520,000.

Several other large investors have also recently added to or reduced their stakes in OLED. Vanguard Group Inc. raised its stake in shares of Universal Display by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,784,099 shares of the semiconductor company's stock valued at $699,435,000 after purchasing an additional 67,590 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Universal Display by 12.8% in the 4th quarter. Geode Capital Management LLC now owns 901,315 shares of the semiconductor company's stock valued at $131,806,000 after buying an additional 101,963 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Universal Display by 58.2% during the 4th quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company's stock worth $99,975,000 after acquiring an additional 251,557 shares during the period. Norges Bank acquired a new stake in shares of Universal Display during the 4th quarter valued at about $95,924,000. Finally, Bank of New York Mellon Corp increased its stake in Universal Display by 10.7% in the fourth quarter. Bank of New York Mellon Corp now owns 437,592 shares of the semiconductor company's stock valued at $63,976,000 after acquiring an additional 42,218 shares during the period. Institutional investors and hedge funds own 78.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on OLED shares. Roth Mkm upped their price objective on Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Citigroup dropped their price objective 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. StockNews.com cut Universal Display from a "hold" rating to a "sell" rating in a report on Friday, April 11th. The Goldman Sachs Group lowered their target price on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, Susquehanna decreased their price target on Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.43.

Universal Display Stock Performance

OLED traded up $0.31 during mid-day trading on Friday, reaching $113.98. The stock had a trading volume of 458,108 shares, compared to its average volume of 555,518. The stock has a market capitalization of $5.41 billion, a P/E ratio of 24.51, a P/E/G ratio of 1.61 and a beta of 1.42. Universal Display Co. has a 52 week low of $103.70 and a 52 week high of $237.00. The firm's fifty day simple moving average is $139.96 and its two-hundred day simple moving average is $157.52.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 15.51% and a net margin of 34.29%. As a group, analysts expect that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.45 dividend. The ex-dividend date was Monday, March 17th. 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 yield of 1.58%. Universal Display's dividend payout ratio (DPR) is presently 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.