Focus Partners Wealth Increases Stake in Universal Display Co. (NASDAQ:OLED)

Focus Partners Wealth increased its position in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 239.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,459 shares of the semiconductor company's stock after buying an additional 2,440 shares during the period. Focus Partners Wealth's holdings in Universal Display were worth $507,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in OLED. Brown Brothers Harriman & Co. increased its position in shares of Universal Display by 280.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 154 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Universal Display by 401.9% during the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 209 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Universal Display during the fourth quarter worth $40,000. Farther Finance Advisors LLC increased its holdings in Universal Display by 761.1% in the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock valued at $45,000 after buying an additional 274 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Universal Display by 185.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company's stock valued at $52,000 after buying an additional 232 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company's stock.

Wall Street Analyst Weigh In

OLED has been the subject of several analyst reports. The Goldman Sachs Group lowered their price objective on Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Citigroup lowered their price target on Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Needham & Company LLC reiterated a "buy" rating and issued a $170.00 price target on shares of Universal Display in a research note on Friday, May 2nd. Roth Mkm boosted their price objective on shares of Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Wall Street Zen upgraded shares of Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Universal Display currently has an average rating of "Moderate Buy" and an average price target of $190.43.

Universal Display Price Performance

Shares of OLED stock traded down $2.49 during trading hours on Monday, hitting $143.01. The stock had a trading volume of 435,185 shares, compared to its average volume of 593,697. The firm has a market capitalization of $6.80 billion, a PE ratio of 30.75, a PEG ratio of 1.61 and a beta of 1.46. The stock's 50 day moving average is $134.00 and its 200 day moving average is $146.69. Universal Display Co. has a twelve month low of $103.70 and a twelve month high of $237.00.

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

Universal Display Dividend Announcement

The firm also recently announced 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 of this dividend is Monday, June 16th. This represents a $1.80 annualized dividend and a dividend yield of 1.26%. 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.