Focus Partners Wealth Buys 2,440 Shares of Universal Display Co. (NASDAQ:OLED)

Focus Partners Wealth raised its holdings in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 239.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,459 shares of the semiconductor company's stock after purchasing an additional 2,440 shares during the period. Focus Partners Wealth's holdings in Universal Display were worth $507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Universal Display by 1.4% during the 4th 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 during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in Universal Display by 2.8% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,536,513 shares of the semiconductor company's stock valued at $370,838,000 after purchasing an additional 69,043 shares during the period. Geode Capital Management LLC lifted its position 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 period. Jennison Associates LLC lifted its position in Universal Display by 58.2% during the 4th quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company's stock valued at $99,975,000 after purchasing an additional 251,557 shares during the period. Finally, Norges Bank acquired a new position in Universal Display during the 4th quarter valued at about $95,924,000. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Stock Performance

OLED stock traded down $2.49 during mid-day trading on Friday, hitting $143.01. 435,185 shares of the company were exchanged, compared to its average volume of 592,390. The firm has a market cap of $6.80 billion, a P/E ratio of 30.75, a P/E/G ratio of 1.61 and a beta of 1.46. Universal Display Co. has a 1-year low of $103.70 and a 1-year high of $237.00. The firm's 50 day simple moving average is $134.23 and its 200 day simple moving average is $147.47.

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 for the quarter, topping the consensus estimate of $1.07 by $0.28. The company had revenue of $166.28 million during the quarter, compared to analysts' expectations of $154.76 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The business's quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the business earned $1.19 EPS. On average, equities research analysts predict that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, June 16th. This represents a $1.80 annualized dividend and a dividend yield of 1.26%. Universal Display's dividend payout ratio is currently 37.42%.

Analysts Set New Price Targets

OLED has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and issued a $170.00 price target on shares of Universal Display in a research report on Friday, May 2nd. Susquehanna cut their price target on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Citigroup cut their price target on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Finally, The Goldman Sachs Group cut their price target on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a research report 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 company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $190.43.

About Universal Display

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.