GAMMA Investing LLC Has $18.72 Million Stake in Universal Display Co. (NASDAQ:OLED)

GAMMA Investing LLC raised its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 32,547.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 134,180 shares of the semiconductor company's stock after purchasing an additional 133,769 shares during the quarter. GAMMA Investing LLC owned 0.28% of Universal Display worth $18,715,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Universal Display by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,784,099 shares of the semiconductor company's stock valued at $699,435,000 after acquiring an additional 67,590 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of 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 worth $370,838,000 after purchasing an additional 69,043 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Universal Display by 12.8% during the 4th quarter. Geode Capital Management LLC now owns 901,315 shares of the semiconductor company's stock worth $131,806,000 after purchasing an additional 101,963 shares in the last quarter. Norges Bank bought a new stake in shares of Universal Display during the fourth quarter valued at approximately $95,924,000. Finally, Greenhouse Funds LLLP raised its stake in shares of Universal Display by 11.2% in the fourth quarter. Greenhouse Funds LLLP now owns 583,603 shares of the semiconductor company's stock valued at $85,323,000 after purchasing an additional 58,775 shares in the last quarter. Institutional investors own 78.19% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OLED. Susquehanna decreased 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 note on Friday, February 21st. Needham & Company LLC reiterated a "buy" rating and set a $170.00 target price on shares of Universal Display in a research report on Friday, May 2nd. Roth Mkm upped their target price on shares of Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research note 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 for the company in a research note on Monday, February 10th. Finally, Wall Street Zen raised Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $190.43.

Universal Display Trading Up 1.2%

Shares of Universal Display stock traded up $1.85 during mid-day trading on Friday, reaching $151.31. 328,675 shares of the stock were exchanged, compared to its average volume of 600,222. Universal Display Co. has a fifty-two week low of $103.70 and a fifty-two week high of $237.00. The company has a market cap of $7.19 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 1.61 and a beta of 1.50. The firm has a 50-day simple moving average of $133.91 and a 200 day simple moving average of $145.70.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings data 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. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The company had revenue of $166.28 million during the quarter, compared to analyst estimates of $154.76 million. During the same quarter last year, the business posted $1.19 earnings per share. The company's revenue was up .6% on a year-over-year basis. On average, research analysts predict that Universal Display Co. will post 4.71 EPS for the current fiscal 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 issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Monday, June 16th. Universal Display's payout ratio is presently 37.42%.

Universal Display 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.