Jefferies Financial Group Inc. Buys 2,024 Shares of Universal Display Co. (NASDAQ:OLED)

Jefferies Financial Group Inc. lifted its position in Universal Display Co. (NASDAQ:OLED - Free Report) by 171.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,206 shares of the semiconductor company's stock after purchasing an additional 2,024 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Universal Display were worth $469,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Orion Capital Management LLC purchased a new stake in Universal Display in the fourth quarter worth approximately $29,000. Brown Brothers Harriman & Co. lifted 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 worth $31,000 after purchasing an additional 154 shares during the period. Blue Trust Inc. grew its holdings in shares of Universal Display by 401.9% during the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 209 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of Universal Display in the 4th quarter worth approximately $40,000. Finally, Farther Finance Advisors LLC raised its position in shares of Universal Display by 761.1% in the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock worth $45,000 after acquiring an additional 274 shares in the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OLED has been the topic of several research reports. Citigroup dropped their price target on Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Wall Street Zen raised Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $170.00 target price on shares of Universal Display in a research report on Friday, May 2nd. Roth Mkm lifted their price target on shares of Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Susquehanna cut their price objective on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Three 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 presently has an average rating of "Moderate Buy" and an average target price of $190.43.

Universal Display Price Performance

Universal Display stock traded up $0.07 during mid-day trading on Wednesday, reaching $150.23. The stock had a trading volume of 564,509 shares, compared to its average volume of 598,531. Universal Display Co. has a one year low of $103.70 and a one year high of $237.00. The company has a 50-day moving average price of $133.46 and a two-hundred day moving average price of $145.90. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 1.61 and a beta of 1.46.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share (EPS) 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 business had revenue of $166.28 million during the quarter, compared to analysts' expectations of $154.76 million. During the same period in the previous year, the company earned $1.19 earnings per share. The business's revenue for the quarter was up .6% compared to the same quarter last year. On average, equities research analysts anticipate that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

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 given a $0.45 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.80 annualized dividend and a yield of 1.20%. Universal Display's dividend payout ratio (DPR) is presently 37.42%.

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.