Two Sigma Advisers LP Increases Stake in Universal Display Co. (NASDAQ:OLED)

Two Sigma Advisers LP increased its holdings in Universal Display Co. (NASDAQ:OLED - Free Report) by 91.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,800 shares of the semiconductor company's stock after acquiring an additional 4,200 shares during the period. Two Sigma Advisers LP's holdings in Universal Display were worth $1,287,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in OLED. Brown Brothers Harriman & Co. grew its stake in shares of Universal Display by 280.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 154 shares in the last quarter. Blue Trust Inc. grew its position in Universal Display by 401.9% in the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 209 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Universal Display in the 4th quarter worth about $40,000. Farther Finance Advisors LLC increased its stake in Universal Display by 761.1% in the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock valued at $45,000 after buying an additional 274 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Universal Display by 185.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company's stock worth $52,000 after buying an additional 232 shares in the last quarter. Institutional investors own 78.19% of the company's stock.

Analyst Upgrades and Downgrades

OLED has been the subject of a number of research analyst reports. Susquehanna decreased 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. Wall Street Zen raised shares of Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $170.00 price target on shares of Universal Display in a 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 report on Thursday, February 6th. Finally, Citigroup lowered their target price 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. Three 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 has an average rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display Stock Performance

Shares of OLED stock traded up $0.07 during trading hours on Wednesday, reaching $150.23. The company had a trading volume of 564,509 shares, compared to its average volume of 598,531. The business has a fifty day moving average price of $133.46 and a 200-day moving average price of $145.90. Universal Display Co. has a one year low of $103.70 and a one year high of $237.00. The firm has a market cap of $7.14 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46.

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

Universal Display Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued 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 1.20%. Universal Display's dividend payout ratio is presently 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.