Jefferies Financial Group Inc. Grows Position in Universal Display Co. (NASDAQ:OLED)

Jefferies Financial Group Inc. grew its position in Universal Display Co. (NASDAQ:OLED - Free Report) by 171.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,206 shares of the semiconductor company's stock after purchasing an additional 2,024 shares during the period. Jefferies Financial Group Inc.'s holdings in Universal Display were worth $469,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Barclays PLC boosted its holdings in shares of Universal Display by 753.8% in the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock worth $44,608,000 after buying an additional 187,627 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in Universal Display by 24.3% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 1,674 shares of the semiconductor company's stock valued at $245,000 after buying an additional 327 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Universal Display by 627.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 78,351 shares of the semiconductor company's stock worth $11,455,000 after acquiring an additional 67,583 shares during the period. Park Avenue Securities LLC raised its position in shares of Universal Display by 20.0% in the fourth quarter. Park Avenue Securities LLC now owns 1,725 shares of the semiconductor company's stock worth $252,000 after buying an additional 288 shares in the last quarter. Finally, Empirical Asset Management LLC purchased a new stake in shares of Universal Display in the 4th quarter valued at about $388,000. 78.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on OLED shares. The Goldman Sachs Group decreased their price target 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. StockNews.com raised Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Roth Mkm boosted 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. Needham & Company LLC restated a "buy" rating and set a $170.00 price target on shares of Universal Display in a report on Friday, May 2nd. Finally, Citigroup lowered their price objective on Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Universal Display has a consensus rating of "Moderate Buy" and an average target price of $190.43.

Universal Display Price Performance

Shares of NASDAQ:OLED traded down $1.12 during trading on Tuesday, hitting $151.11. The company's stock had a trading volume of 347,658 shares, compared to its average volume of 587,924. The company has a 50-day moving average of $134.74 and a 200-day moving average of $147.95. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of 32.50, 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.28. The company had revenue of $166.28 million during the quarter, compared to the consensus estimate of $154.76 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The firm's revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.19 EPS. As a group, research analysts anticipate that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.80 annualized dividend and a dividend yield of 1.19%. Universal Display's payout ratio is 37.42%.

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.