Nomura Holdings Inc. Buys New Shares in Universal Display Co. (NASDAQ:OLED)

Nomura Holdings Inc. bought a new stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,857 shares of the semiconductor company's stock, valued at approximately $856,000.

Several other institutional investors and hedge funds also recently made changes to their positions in OLED. Brown Brothers Harriman & Co. grew its holdings in shares of Universal Display by 280.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 154 shares during the last quarter. 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 valued at $38,000 after purchasing an additional 209 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Universal Display during the 4th quarter valued at $40,000. Farther Finance Advisors LLC grew its holdings in 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 during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Universal Display by 185.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company's stock worth $52,000 after acquiring an additional 232 shares during the last quarter. Institutional investors own 78.19% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Citigroup cut 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. Needham & Company LLC reissued a "buy" rating and issued a $170.00 price target on shares of Universal Display in a report on Friday, May 2nd. StockNews.com raised shares of Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. The Goldman Sachs Group cut their price target 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. Finally, Susquehanna cut their price target 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 investment 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 an average price target of $190.43.

Universal Display Trading Down 2.1%

NASDAQ:OLED opened at $152.23 on Tuesday. The company has a 50-day moving average price of $134.74 and a 200-day moving average price of $147.95. Universal Display Co. has a 12 month low of $103.70 and a 12 month high of $237.00. The stock has a market cap of $7.23 billion, a price-to-earnings ratio of 32.74, a P/E/G ratio of 1.61 and a beta of 1.46.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 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 firm had revenue of $166.28 million during the quarter, compared to analysts' expectations of $154.76 million. During the same period last year, the company posted $1.19 EPS. The company's quarterly revenue was up .6% compared to the same quarter last year. Equities analysts forecast that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.45 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.80 annualized dividend and a dividend yield of 1.18%. Universal Display's dividend payout ratio is 37.42%.

Universal Display 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.

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