Twinbeech Capital LP Invests $16.43 Million in Universal Display Co. (NASDAQ:OLED)

Twinbeech Capital LP bought a new position in Universal Display Co. (NASDAQ:OLED - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 112,357 shares of the semiconductor company's stock, valued at approximately $16,427,000. Twinbeech Capital LP owned 0.24% of Universal Display at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of OLED. Vanguard Group Inc. boosted its holdings in Universal Display by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,784,099 shares of the semiconductor company's stock valued at $699,435,000 after purchasing an additional 67,590 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Universal Display by 2.8% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,536,513 shares of the semiconductor company's stock valued at $370,838,000 after purchasing an additional 69,043 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Universal Display by 12.8% in the fourth quarter. Geode Capital Management LLC now owns 901,315 shares of the semiconductor company's stock valued at $131,806,000 after purchasing an additional 101,963 shares during the last quarter. Jennison Associates LLC boosted its holdings in Universal Display by 58.2% in the fourth quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company's stock valued at $99,975,000 after purchasing an additional 251,557 shares during the last quarter. Finally, Norges Bank purchased a new position in Universal Display in the fourth quarter valued at about $95,924,000. Hedge funds and other institutional investors own 78.19% of the company's stock.

Universal Display Stock Down 2.1%

Shares of NASDAQ OLED opened at $152.23 on Tuesday. The stock's 50 day moving average price is $134.74 and its two-hundred day moving average price is $147.95. The stock has a market capitalization of $7.23 billion, a P/E ratio of 32.74, a PEG ratio of 1.61 and a beta of 1.46. Universal Display Co. has a 52-week low of $103.70 and a 52-week high of $237.00.

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

Universal Display Dividend Announcement

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

Wall Street Analyst Weigh In

OLED has been the subject of a number of analyst reports. StockNews.com raised Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Roth Mkm increased their price target on Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a report on Friday, February 21st. Susquehanna cut their price objective on Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Citigroup cut their price objective on Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Finally, Needham & Company LLC restated a "buy" rating and set a $170.00 price objective on shares of Universal Display in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.

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