Man Group plc grew its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 80.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,700 shares of the semiconductor company's stock after acquiring an additional 31,907 shares during the quarter. Man Group plc owned about 0.15% of Universal Display worth $10,483,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in OLED. Barclays PLC boosted its holdings in shares of Universal Display by 753.8% during the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock valued at $44,608,000 after acquiring an additional 187,627 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Universal Display by 627.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 78,351 shares of the semiconductor company's stock valued at $11,455,000 after acquiring an additional 67,583 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Universal Display by 20.0% during the 4th quarter. Park Avenue Securities LLC now owns 1,725 shares of the semiconductor company's stock valued at $252,000 after acquiring an additional 288 shares during the last quarter. Empirical Asset Management LLC purchased a new stake in shares of Universal Display during the 4th quarter valued at about $388,000. Finally, Inspire Investing LLC purchased a new stake in shares of Universal Display during the 4th quarter valued at about $462,000. Hedge funds and other institutional investors own 78.19% of the company's stock.
Universal Display Price Performance
Shares of OLED traded down $2.49 on Friday, reaching $143.01. The company's stock had a trading volume of 435,185 shares, compared to its average volume of 593,697. The stock has a market capitalization of $6.80 billion, a P/E ratio of 30.75, a PEG ratio of 1.61 and a beta of 1.46. The stock's 50 day simple moving average is $134.23 and its two-hundred day simple moving average is $147.20. Universal Display Co. has a 12-month low of $103.70 and a 12-month high of $237.00.
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, 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 business had revenue of $166.28 million for the quarter, compared to the consensus estimate of $154.76 million. During the same quarter in the previous year, the firm earned $1.19 earnings per share. The company's revenue for the quarter was up .6% on a year-over-year basis. Analysts expect that Universal Display Co. will post 4.71 earnings per share for the current year.
Universal Display Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 yield of 1.26%. The ex-dividend date of this dividend is Monday, June 16th. Universal Display's dividend payout ratio is currently 37.42%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on OLED shares. Needham & Company LLC reaffirmed a "buy" rating and set a $170.00 price target on shares of Universal Display in a report on Friday, May 2nd. Citigroup dropped their price target on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. Wall Street Zen raised shares of Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Roth Mkm raised their price objective on shares of Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, The Goldman Sachs Group dropped their price objective on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $190.43.
Check Out Our Latest Report on OLED
About Universal Display
(
Free Report)
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.
Further Reading
Before you consider Universal Display, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Universal Display wasn't on the list.
While Universal Display currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
