Deprince Race & Zollo Inc. Grows Position in Universal Display Corporation $OLED

Key Points

• Deprince Race & Zollo Inc. raised its stake in Universal Display (NASDAQ:OLED) by 86.6% in Q4 to 428,335 shares (about $50.02M), making it the firm's 24th-largest holding and roughly 1.0% of its portfolio, while institutional ownership sits at ~78.19%.
• Universal Display beat Q4 EPS estimates ($1.39 vs. $1.28) with revenue of $172.93M (up 6.5% YoY) and increased its quarterly dividend to $0.50 (annualized $2.00, ~2.1% yield).
• Analyst sentiment is mixed—average rating is "Hold" with a consensus price target of $151.67—while the stock trades near $97.22 (1‑year range $86.43–$163.21), market cap $4.58B and P/E ~19.18.

Deprince Race & Zollo Inc. raised its position in Universal Display Corporation (NASDAQ:OLED - Free Report) by 86.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 428,335 shares of the semiconductor company's stock after purchasing an additional 198,845 shares during the quarter. Universal Display accounts for approximately 1.0% of Deprince Race & Zollo Inc.'s portfolio, making the stock its 24th largest holding. Deprince Race & Zollo Inc. owned about 0.90% of Universal Display worth $50,021,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in shares of Universal Display by 309.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 209 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 158 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in shares of Universal Display in the 3rd quarter worth about $33,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Universal Display in the 3rd quarter worth about $37,000. Rise Advisors LLC raised its holdings in shares of Universal Display by 53.3% in the 3rd quarter. Rise Advisors LLC now owns 299 shares of the semiconductor company's stock worth $43,000 after purchasing an additional 104 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of Universal Display by 27.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 351 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 75 shares during the period. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Universal Display Stock Performance

OLED stock opened at $97.22 on Monday. Universal Display Corporation has a 1 year low of $86.43 and a 1 year high of $163.21. The firm has a market cap of $4.58 billion, a P/E ratio of 19.18, a price-to-earnings-growth ratio of 7.87 and a beta of 1.65. The stock has a 50-day simple moving average of $103.93 and a 200-day simple moving average of $119.43.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its earnings results on Thursday, February 19th. The semiconductor company reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.11. Universal Display had a return on equity of 14.07% and a net margin of 37.21%.The business had revenue of $172.93 million during the quarter, compared to analyst estimates of $173.35 million. During the same quarter last year, the firm earned $1.22 earnings per share. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts predict that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.1%. This is an increase from Universal Display's previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, March 17th. Universal Display's payout ratio is 39.45%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Citigroup cut their price objective on Universal Display from $150.00 to $130.00 and set a "neutral" rating on the stock in a report on Tuesday, January 27th. Roth Mkm restated a "buy" rating and issued a $180.00 price objective on shares of Universal Display in a report on Friday, February 20th. Wall Street Zen upgraded Universal Display from a "sell" rating to a "hold" rating in a report on Sunday, February 22nd. Needham & Company LLC cut their price objective on Universal Display from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, February 20th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Universal Display in a research note on Monday, March 23rd. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Universal Display presently has an average rating of "Hold" and a consensus price target of $151.67.

Universal Display Profile

Universal Display Corporation NASDAQ: OLED is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display's core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.

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