Universal Display Co. (NASDAQ:OLED) is XXEC Inc.'s 7th Largest Position

XXEC Inc. lifted its position in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 1,199.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,982 shares of the semiconductor company's stock after purchasing an additional 35,982 shares during the quarter. Universal Display accounts for 5.9% of XXEC Inc.'s investment portfolio, making the stock its 7th largest holding. XXEC Inc. owned 0.08% of Universal Display worth $7,456,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Orion Capital Management LLC purchased a new stake in Universal Display in the 3rd quarter valued at $31,000. Tyler Stone Wealth Management purchased a new stake in Universal Display in the 2nd quarter valued at $43,000. Rise Advisors LLC purchased a new stake in Universal Display in the 4th quarter valued at $57,000. Fifth Third Bancorp raised its position in Universal Display by 22.5% in the 3rd quarter. Fifth Third Bancorp now owns 593 shares of the semiconductor company's stock valued at $93,000 after buying an additional 109 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of Universal Display by 25.4% during the 3rd quarter. Lazard Asset Management LLC now owns 598 shares of the semiconductor company's stock valued at $93,000 after purchasing an additional 121 shares during the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on OLED shares. Bank of America raised Universal Display from a "neutral" rating to a "buy" rating and raised their target price for the company from $160.00 to $250.00 in a research report on Monday, December 18th. Oppenheimer reiterated an "outperform" rating and set a $200.00 price target (down previously from $210.00) on shares of Universal Display in a research note on Friday, February 23rd. Citigroup reiterated a "neutral" rating and set a $180.00 price target (up previously from $161.00) on shares of Universal Display in a research note on Friday, January 19th. TD Cowen increased their price target on Universal Display from $165.00 to $210.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd. Finally, TheStreet upgraded Universal Display from a "c+" rating to a "b-" rating in a research note on Thursday, December 21st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Universal Display has a consensus rating of "Moderate Buy" and a consensus target price of $199.86.

Universal Display Stock Performance

NASDAQ OLED traded up $0.26 during trading hours on Friday, hitting $162.92. The company had a trading volume of 151,169 shares, compared to its average volume of 289,028. Universal Display Co. has a 52 week low of $125.98 and a 52 week high of $194.84. The firm has a 50 day simple moving average of $171.41 and a 200 day simple moving average of $169.14. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 38.42, a PEG ratio of 1.77 and a beta of 1.45.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its earnings results on Thursday, February 22nd. The semiconductor company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.18 by $0.11. The business had revenue of $158.32 million during the quarter, compared to the consensus estimate of $161.08 million. Universal Display had a return on equity of 14.85% and a net margin of 35.22%. The firm's revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 EPS. On average, research analysts forecast that Universal Display Co. will post 4.72 earnings per share for the current year.

Universal Display Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Universal Display's previous quarterly dividend of $0.35. Universal Display's dividend payout ratio (DPR) is 37.74%.

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.