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

Twinbeech Capital LP acquired a new stake in Universal Display Co. (NASDAQ:OLED - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 112,357 shares of the semiconductor company's stock, valued at approximately $16,427,000. Twinbeech Capital LP owned about 0.24% of Universal Display as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc raised its holdings in shares of Universal Display by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company's stock worth $215,000 after acquiring an additional 73 shares during the period. CIBC Private Wealth Group LLC raised 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 worth $245,000 after acquiring an additional 85 shares during the period. Arizona State Retirement System raised its holdings in shares of Universal Display by 0.7% during the 4th 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 during the period. Commonwealth Equity Services LLC raised its holdings in shares of Universal Display by 0.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company's stock worth $1,475,000 after acquiring an additional 90 shares during the period. Finally, Louisiana State Employees Retirement System raised its holdings in shares of Universal Display by 0.8% during the 4th 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 period. 78.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OLED. Roth Mkm raised their price objective on Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. The Goldman Sachs Group cut 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. Wall Street Zen raised Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Citigroup dropped their target price on Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $170.00 target price on shares of Universal Display in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $190.43.

Universal Display Price Performance

Shares of OLED stock traded down $2.49 during trading hours on Friday, reaching $143.01. 435,185 shares of the stock were exchanged, compared to its average volume of 593,697. The business's fifty day moving average is $134.23 and its two-hundred day moving average is $147.20. The firm has a market capitalization of $6.80 billion, a P/E ratio of 30.75, a P/E/G 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.

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

Universal Display Dividend Announcement

The firm also recently announced 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. This represents a $1.80 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Monday, June 16th. Universal Display's payout ratio is 37.42%.

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.