Gotham Asset Management LLC Has $14.40 Million Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Gotham Asset Management LLC grew its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 123.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,487 shares of the semiconductor company's stock after buying an additional 54,433 shares during the quarter. Gotham Asset Management LLC owned about 0.21% of Universal Display worth $14,399,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. raised its position in shares of Universal Display by 37.2% during the 4th quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company's stock worth $3,983,000 after buying an additional 7,390 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Universal Display by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company's stock worth $49,857,000 after buying an additional 7,147 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of Universal Display by 35.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,767 shares of the semiconductor company's stock worth $258,000 after buying an additional 458 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Universal Display by 95.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 189,603 shares of the semiconductor company's stock worth $27,720,000 after purchasing an additional 92,410 shares during the last quarter. Finally, Inspire Investing LLC acquired a new position in shares of Universal Display in the 4th quarter worth approximately $462,000. 78.19% of the stock is currently owned by institutional investors.

Universal Display Stock Performance

Shares of NASDAQ OLED traded down $0.49 during mid-day trading on Wednesday, reaching $154.04. The company had a trading volume of 452,871 shares, compared to its average volume of 584,925. Universal Display Co. has a twelve month low of $103.70 and a twelve month high of $237.00. The stock has a market capitalization of $7.32 billion, a PE ratio of 33.13, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46. The stock's 50 day moving average is $134.72 and its 200-day moving average is $149.47.

Universal Display (NASDAQ:OLED - Get Free Report) last posted 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. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The business had revenue of $166.28 million for the quarter, compared to the consensus estimate of $154.76 million. During the same period in the prior year, the business posted $1.19 earnings per share. Universal Display's revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts anticipate that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Monday, June 16th. Universal Display's dividend payout ratio (DPR) is presently 37.42%.

Analyst Ratings Changes

OLED has been the topic of several recent research reports. Citigroup lowered their price objective on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. The Goldman Sachs Group lowered their price objective 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. Needham & Company LLC reaffirmed a "buy" rating and issued a $170.00 price objective on shares of Universal Display in a research note on Friday, May 2nd. Susquehanna lowered their price objective on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Finally, Roth Mkm lifted their price objective on shares of Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display Company 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.