Nomura Holdings Inc. Purchases New Stake in Universal Display Co. (NASDAQ:OLED)

Nomura Holdings Inc. purchased a new stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,857 shares of the semiconductor company's stock, valued at approximately $856,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. boosted its position in Universal Display by 280.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 154 shares during the last quarter. Blue Trust Inc. increased its position in shares of Universal Display by 401.9% during the fourth 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 last quarter. Aster Capital Management DIFC Ltd acquired a new position in Universal Display in the fourth quarter worth about $40,000. Farther Finance Advisors LLC grew its stake in Universal Display by 761.1% in the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock worth $45,000 after purchasing an additional 274 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Universal Display by 185.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company's stock worth $52,000 after purchasing an additional 232 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company's stock.

Universal Display Trading Down 1.7%

NASDAQ:OLED traded down $2.49 on Friday, hitting $143.01. 435,185 shares of the company's stock traded hands, compared to its average volume of 593,697. The firm has a 50-day moving average price of $134.23 and a 200-day moving average price of $146.95. Universal Display Co. has a 1 year low of $103.70 and a 1 year high of $237.00. The company has a market cap of $6.80 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $166.28 million during the quarter, compared to analysts' expectations of $154.76 million. During the same period in the prior year, the company posted $1.19 earnings per share. Universal Display's revenue for the quarter was up .6% on a year-over-year basis. On average, research analysts forecast that Universal Display Co. will post 4.71 EPS 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. Shareholders of record on Monday, June 16th will be paid a $0.45 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.26%. Universal Display's payout ratio is presently 37.42%.

Analyst Upgrades and Downgrades

OLED has been the subject of a number of research reports. Wall Street Zen upgraded Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Susquehanna reduced their price objective on Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. Needham & Company LLC reiterated a "buy" rating and set a $170.00 price objective on shares of Universal Display in a research report on Friday, May 2nd. The Goldman Sachs Group reduced their price objective on Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Finally, Citigroup dropped their target price on Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Universal Display presently has a consensus rating of "Moderate Buy" and a consensus target price of $190.43.

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.