Polar Asset Management Partners Inc. Acquires 56,900 Shares of Universal Display Co. (NASDAQ:OLED)

Polar Asset Management Partners Inc. increased its position in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 90.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,000 shares of the semiconductor company's stock after buying an additional 56,900 shares during the quarter. Polar Asset Management Partners Inc. owned 0.25% of Universal Display worth $17,544,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. grew its position in Universal Display by 280.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock worth $31,000 after buying an additional 154 shares in the last quarter. Blue Trust Inc. grew its position in Universal Display by 401.9% during the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock worth $38,000 after buying an additional 209 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Universal Display during the fourth quarter worth about $40,000. Farther Finance Advisors LLC grew its position in Universal Display by 761.1% during the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock worth $45,000 after buying an additional 274 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Universal Display by 185.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company's stock worth $52,000 after purchasing an additional 232 shares during the period. 78.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on OLED shares. The Goldman Sachs Group dropped their target price on Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a report on Thursday, February 6th. StockNews.com raised Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Susquehanna dropped their target price on Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Citigroup dropped their target price on Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Finally, Roth Mkm lifted their target price on shares of Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $190.43.

Universal Display Trading Down 1.2%

Shares of Universal Display stock traded down $1.78 during midday trading on Tuesday, reaching $150.45. The company had a trading volume of 106,450 shares, compared to its average volume of 587,003. The stock has a fifty day simple moving average of $134.74 and a 200 day simple moving average of $147.95. The company has a market capitalization of $7.15 billion, a price-to-earnings ratio of 32.47, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46. Universal Display Co. has a 1-year low of $103.70 and a 1-year high of $237.00.

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

Universal Display Announces Dividend

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 given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Monday, June 16th. Universal Display's payout ratio is 37.42%.

About Universal Display

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.