Northern Trust Corp Has $61.06 Million Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Northern Trust Corp boosted its holdings in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 17.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 417,644 shares of the semiconductor company's stock after acquiring an additional 63,044 shares during the period. Northern Trust Corp owned 0.88% of Universal Display worth $61,060,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Brown Brothers Harriman & Co. lifted its stake in Universal Display by 280.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock valued at $31,000 after buying an additional 154 shares during the period. Blue Trust Inc. grew its holdings in Universal Display by 401.9% during the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 209 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Universal Display in the fourth quarter valued at approximately $40,000. Farther Finance Advisors LLC raised its holdings in Universal Display by 761.1% in the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock worth $45,000 after purchasing an additional 274 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in Universal Display by 185.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company's stock worth $52,000 after buying an additional 232 shares during the period. Institutional investors and hedge funds own 78.19% of the company's stock.

Universal Display Stock Up 6.4%

Shares of NASDAQ OLED traded up $9.24 during midday trading on Monday, hitting $153.15. 117,608 shares of the company's stock were exchanged, compared to its average volume of 578,648. The firm has a market capitalization of $7.28 billion, a PE ratio of 32.89, a price-to-earnings-growth 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. The company's 50 day moving average price is $134.59 and its 200 day moving average price is $149.77.

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

Universal Display Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.18%. Universal Display's dividend payout ratio (DPR) is currently 37.42%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on OLED. Roth Mkm lifted their price objective 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 reiterated a "buy" rating and issued a $170.00 price target on shares of Universal Display in a report on Friday, May 2nd. Citigroup reduced their target price on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Susquehanna dropped their price target on 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, StockNews.com raised Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Three investment 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, the company currently has an average rating of "Moderate Buy" and an average 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.