Rockbridge Capital Management LLC Takes Position in Universal Display Co. (NASDAQ:OLED)

Rockbridge Capital Management LLC bought a new stake in Universal Display Co. (NASDAQ:OLED - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 12,468 shares of the semiconductor company's stock, valued at approximately $1,823,000. Universal Display makes up approximately 1.0% of Rockbridge Capital Management LLC's portfolio, making the stock its 16th biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of OLED. Pacer Advisors Inc. lifted its holdings in Universal Display by 37.2% during the 4th quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company's stock worth $3,983,000 after buying an additional 7,390 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Universal Display by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company's stock worth $49,857,000 after acquiring an additional 7,147 shares in the last quarter. Sterling Capital Management LLC lifted its stake in Universal Display by 35.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,767 shares of the semiconductor company's stock worth $258,000 after purchasing an additional 458 shares during the last quarter. Inspire Investing LLC acquired a new position in Universal Display in the fourth quarter valued at approximately $462,000. Finally, Empirical Asset Management LLC purchased a new position in Universal Display in the fourth quarter valued at approximately $388,000. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Universal Display Price Performance

NASDAQ OLED traded down $1.54 on Tuesday, hitting $150.70. 120,087 shares of the company's stock were exchanged, compared to its average volume of 759,334. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of 32.41, a P/E/G ratio of 1.61 and a beta of 1.46. The firm's 50-day moving average price is $134.74 and its two-hundred day moving average price is $147.95. Universal Display Co. has a fifty-two week low of $103.70 and a fifty-two week high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $166.28 million during the quarter, compared to analysts' expectations of $154.76 million. During the same quarter in the prior year, the business posted $1.19 earnings per share. Universal Display's revenue was up .6% compared to the same quarter last year. On average, research analysts predict that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Announces Dividend

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

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.