Man Group plc Grows Position in Universal Display Co. (NASDAQ:OLED)

Man Group plc grew its holdings in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 80.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,700 shares of the semiconductor company's stock after purchasing an additional 31,907 shares during the quarter. Man Group plc owned about 0.15% of Universal Display worth $10,483,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Nomura Holdings Inc. purchased a new stake in Universal Display during the 4th quarter worth about $856,000. LRI Investments LLC increased its position in shares of Universal Display by 2,141.9% during the fourth quarter. LRI Investments LLC now owns 964 shares of the semiconductor company's stock valued at $141,000 after buying an additional 921 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of Universal Display by 38.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 16,940 shares of the semiconductor company's stock valued at $2,477,000 after buying an additional 4,686 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Universal Display by 41.5% in the fourth quarter. Janus Henderson Group PLC now owns 551,673 shares of the semiconductor company's stock worth $80,674,000 after buying an additional 161,782 shares in the last quarter. Finally, Jefferies Financial Group Inc. boosted its position in shares of Universal Display by 171.2% in the fourth quarter. Jefferies Financial Group Inc. now owns 3,206 shares of the semiconductor company's stock valued at $469,000 after acquiring an additional 2,024 shares during the period. Hedge funds and other institutional investors own 78.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on OLED. Susquehanna reduced their price target on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. The Goldman Sachs Group decreased their target price on Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Citigroup dropped their price target on Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. StockNews.com upgraded shares of Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, Roth Mkm raised 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display Trading Up 1.6%

Shares of NASDAQ OLED opened at $155.51 on Monday. The stock's 50-day moving average is $134.67 and its 200 day moving average is $148.15. The stock has a market cap of $7.39 billion, a price-to-earnings ratio of 33.44, 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.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $154.76 million. During the same period last year, the business earned $1.19 earnings per share. The business's quarterly revenue was up .6% on a year-over-year basis. On average, analysts forecast that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, June 16th. This represents a $1.80 annualized dividend and a yield of 1.16%. Universal Display's payout ratio is 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.

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