Dimensional Fund Advisors LP Purchases 53,146 Shares of Universal Display Co. (NASDAQ:OLED)

Dimensional Fund Advisors LP increased its stake in Universal Display Co. (NASDAQ:OLED - Free Report) by 11.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 499,089 shares of the semiconductor company's stock after acquiring an additional 53,146 shares during the period. Dimensional Fund Advisors LP owned approximately 1.05% of Universal Display worth $72,971,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in OLED. Norges Bank bought a new stake in Universal Display in the fourth quarter worth $95,924,000. Raymond James Financial Inc. purchased a new stake in shares of Universal Display in the fourth quarter valued at $41,504,000. Jennison Associates LLC lifted its holdings in shares of Universal Display by 58.2% in 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 last quarter. Barclays PLC boosted its stake in shares of Universal Display by 753.8% during the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock worth $44,608,000 after purchasing an additional 187,627 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Universal Display by 12.8% during the 4th quarter. Geode Capital Management LLC now owns 901,315 shares of the semiconductor company's stock valued at $131,806,000 after purchasing an additional 101,963 shares during the last quarter. 78.19% of the stock is owned by institutional investors.

Universal Display Price Performance

Shares of OLED stock traded down $3.59 during mid-day trading on Tuesday, hitting $139.63. The stock had a trading volume of 127,232 shares, compared to its average volume of 574,849. The firm has a market capitalization of $6.64 billion, a P/E ratio of 30.12, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46. Universal Display Co. has a 12-month low of $103.70 and a 12-month high of $237.00. The firm's 50-day moving average is $135.18 and its two-hundred day moving average is $151.46.

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

Universal Display Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Monday, June 16th. Universal Display's dividend payout ratio (DPR) is 37.42%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Susquehanna decreased 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 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 report on Monday, February 10th. The Goldman Sachs Group reduced their target price on 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 upgraded Universal Display from a "sell" rating to a "hold" rating in a research report on Friday. Finally, Roth Mkm upped their price target on shares of 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. Based on data from MarketBeat, Universal Display presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.43.

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.