FORA Capital LLC Acquires New Shares in Universal Display Co. (NASDAQ:OLED)

FORA Capital LLC acquired a new position in shares of Universal Display Co. (NASDAQ:OLED - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,757 shares of the semiconductor company's stock, valued at approximately $549,000.

A number of other hedge funds have also modified their holdings of the stock. Brown Brothers Harriman & Co. boosted its position 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 valued at $31,000 after purchasing an additional 154 shares during the period. Blue Trust Inc. boosted its holdings in shares of Universal Display by 401.9% in the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock worth $38,000 after buying an additional 209 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of Universal Display in the fourth quarter worth approximately $40,000. Farther Finance Advisors LLC raised its holdings in shares of Universal Display by 761.1% during the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock valued at $45,000 after acquiring an additional 274 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Universal Display by 185.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company's stock valued at $52,000 after acquiring an additional 232 shares during the period. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on OLED shares. The Goldman Sachs Group decreased their price objective on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Susquehanna decreased their target price on Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. Roth Mkm lifted 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. Needham & Company LLC reissued a "buy" rating and issued a $170.00 price objective on shares of Universal Display in a research note on Friday, May 2nd. Finally, Citigroup decreased their price objective 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display Stock Up 7.7%

Shares of Universal Display stock traded up $11.04 on Monday, hitting $154.95. 976,909 shares of the company traded hands, compared to its average volume of 581,948. Universal Display Co. has a 12-month low of $103.70 and a 12-month high of $237.00. The company has a market cap of $7.36 billion, a PE ratio of 33.32, a PEG ratio of 1.61 and a beta of 1.46. The company has a 50-day moving average price of $134.63 and a 200 day moving average price of $149.44.

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

Universal Display Dividend Announcement

The company also recently disclosed 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 1.16%. Universal Display's dividend payout ratio is currently 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.