Universal Display Co. (NASDAQ:OLED) Shares Acquired by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. increased its stake in Universal Display Co. (NASDAQ:OLED - Free Report) by 90.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 120,000 shares of the semiconductor company's stock after acquiring an additional 56,900 shares during the period. Polar Asset Management Partners Inc. owned about 0.25% of Universal Display worth $17,544,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in OLED. CIBC Asset Management Inc increased its holdings in Universal Display by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company's stock valued at $215,000 after purchasing an additional 73 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of Universal Display by 5.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,615 shares of the semiconductor company's stock valued at $245,000 after buying an additional 85 shares in the last quarter. Arizona State Retirement System boosted its stake in Universal Display by 0.7% during the fourth quarter. Arizona State Retirement System now owns 13,065 shares of the semiconductor company's stock worth $1,910,000 after acquiring an additional 88 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Universal Display by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company's stock worth $1,475,000 after purchasing an additional 90 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of Universal Display by 0.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the semiconductor company's stock worth $1,798,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 78.19% of the company's stock.

Universal Display Trading Down 2.0%

Shares of OLED stock traded down $2.93 during trading hours on Friday, reaching $142.52. 220,794 shares of the stock were exchanged, compared to its average volume of 592,780. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 30.63, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46. Universal Display Co. has a 12-month low of $103.70 and a 12-month high of $237.00. The company's 50-day moving average price is $133.66 and its 200-day moving average price is $146.47.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.07 by $0.28. The company had revenue of $166.28 million for the quarter, compared to analyst estimates of $154.76 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The firm's revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company earned $1.19 earnings per share. On average, sell-side analysts expect that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.80 annualized dividend and a yield of 1.26%. Universal Display's dividend payout ratio is presently 37.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on OLED shares. Needham & Company LLC reissued a "buy" rating and set a $170.00 price target on shares of Universal Display in a report on Friday, May 2nd. Susquehanna cut their price objective on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Friday, February 21st. The Goldman Sachs Group decreased their price target on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Roth Mkm increased their price target on Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, Wall Street Zen raised Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Three research 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 a consensus rating of "Moderate Buy" and an average price target of $190.43.

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.