Natixis Advisors LLC Has $2.63 Million Stock Holdings in Universal Display Corporation (NASDAQ:OLED)

Key Points

• Natixis Advisors LLC increased its stake in Universal Display Corporation by 15.4%, owning 18,869 shares valued at approximately $2.63 million.
• Universal Display Corp. reported earnings of $1.41 per share, beating estimates, with revenues reaching $171.79 million during the last quarter.
• The company announced a quarterly dividend of $0.45, with an expected annual yield of 1.3%, set to be paid on September 30th.

Natixis Advisors LLC lifted its stake in Universal Display Corporation (NASDAQ:OLED - Free Report) by 15.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,869 shares of the semiconductor company's stock after acquiring an additional 2,522 shares during the quarter. Natixis Advisors LLC's holdings in Universal Display were worth $2,632,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of OLED. Orion Capital Management LLC acquired a new stake in shares of Universal Display in the fourth quarter valued at about $29,000. Golden State Wealth Management LLC increased its position in shares of Universal Display by 4,700.0% in the first quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company's stock valued at $33,000 after acquiring an additional 235 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Universal Display in the fourth quarter valued at about $40,000. Global X Japan Co. Ltd. acquired a new stake in shares of Universal Display in the first quarter valued at about $49,000. Finally, Transce3nd LLC acquired a new stake in shares of Universal Display in the fourth quarter valued at about $54,000. Institutional investors and hedge funds own 78.19% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on OLED shares. Needham & Company LLC reissued a "buy" rating and set a $170.00 price target on shares of Universal Display in a research report on Friday, May 2nd. Wall Street Zen raised Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $190.43.

Universal Display Price Performance

OLED stock traded up $3.91 during midday trading on Tuesday, reaching $139.72. The company had a trading volume of 88,080 shares, compared to its average volume of 662,117. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 1.47 and a beta of 1.47. The stock has a 50 day moving average price of $151.80 and a 200-day moving average price of $144.68. Universal Display Corporation has a 1-year low of $103.70 and a 1-year high of $215.90.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.18 by $0.23. The business had revenue of $171.79 million during the quarter, compared to the consensus estimate of $161.58 million. Universal Display had a return on equity of 15.82% and a net margin of 36.95%. Universal Display's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 earnings per share. As a group, research analysts anticipate that Universal Display Corporation 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 Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 16th. Universal Display's dividend payout ratio (DPR) is currently 35.16%.

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.