5,284 Shares in Universal Display Co. (NASDAQ:OLED) Purchased by Natixis

Natixis bought a new position in Universal Display Co. (NASDAQ:OLED - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,284 shares of the semiconductor company's stock, valued at approximately $773,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. CIBC Asset Management Inc boosted its position in shares of Universal Display by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company's stock valued at $215,000 after acquiring an additional 73 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of Universal Display by 5.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,615 shares of the semiconductor company's stock valued at $245,000 after purchasing an additional 85 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Universal Display by 0.7% in the fourth quarter. Arizona State Retirement System now owns 13,065 shares of the semiconductor company's stock worth $1,910,000 after purchasing an additional 88 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Universal Display by 0.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company's stock worth $1,475,000 after purchasing an additional 90 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of Universal Display by 0.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the semiconductor company's stock worth $1,798,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 78.19% of the company's stock.

Universal Display Stock Down 0.9 %

Shares of NASDAQ OLED traded down $1.10 during midday trading on Tuesday, reaching $125.45. The company had a trading volume of 88,989 shares, compared to its average volume of 559,890. The firm's fifty day moving average price is $137.24 and its 200-day moving average price is $153.84. Universal Display Co. has a one year low of $103.70 and a one year high of $237.00. The stock has a market cap of $5.95 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.14. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The firm had revenue of $162.29 million during the quarter, compared to the consensus estimate of $152.75 million. As a group, equities research analysts expect that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Monday, March 17th. This is a positive change from Universal Display's previous quarterly dividend of $0.40. Universal Display's dividend payout ratio (DPR) is 38.71%.

Analyst Ratings Changes

Several equities analysts recently commented on OLED shares. Oppenheimer reduced their target price on Universal Display from $220.00 to $200.00 and set an "outperform" rating for the company in a research report on Thursday, January 2nd. Needham & Company LLC decreased their price objective on shares of Universal Display from $215.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. StockNews.com lowered shares of Universal Display from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. Susquehanna cut their price target on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Finally, 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 report on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average 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.