21,503 Shares in Universal Display Co. (NASDAQ:OLED) Purchased by Centiva Capital LP

Centiva Capital LP acquired a new stake in Universal Display Co. (NASDAQ:OLED - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,503 shares of the semiconductor company's stock, valued at approximately $3,144,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. CIBC Asset Management Inc increased its position in Universal Display by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company's stock worth $215,000 after buying an additional 73 shares during the period. CIBC Private Wealth Group LLC increased its holdings in Universal Display by 5.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,615 shares of the semiconductor company's stock valued at $245,000 after buying an additional 85 shares in the last quarter. Arizona State Retirement System boosted its position in Universal Display by 0.7% during the fourth quarter. Arizona State Retirement System now owns 13,065 shares of the semiconductor company's stock worth $1,910,000 after purchasing an additional 88 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Universal Display by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company's stock valued at $1,475,000 after acquiring an additional 90 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Universal Display by 0.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the semiconductor company's stock worth $1,798,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 78.19% of the company's stock.

Wall Street Analysts Forecast Growth

OLED has been the topic of a number of recent research reports. StockNews.com upgraded shares of Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and set a $170.00 price objective on shares of Universal Display in a research note on Friday, May 2nd. Roth Mkm lifted their target price on shares of Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Citigroup decreased their price objective on Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. Finally, The Goldman Sachs Group dropped their target price on Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.43.

Universal Display Stock Up 1.2 %

Shares of NASDAQ OLED traded up $1.65 during midday trading on Friday, hitting $143.75. The stock had a trading volume of 381,016 shares, compared to its average volume of 580,361. Universal Display Co. has a 1-year low of $103.70 and a 1-year high of $237.00. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 1.61 and a beta of 1.46. The company has a fifty day moving average price of $134.59 and a 200 day moving average price of $150.12.

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

Universal Display Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.25%. The ex-dividend date is Monday, June 16th. Universal Display's dividend payout ratio (DPR) is 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.