Universal Display Co. (NASDAQ:OLED) Holdings Raised by Scientech Research LLC

Scientech Research LLC grew its position in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 123.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,937 shares of the semiconductor company's stock after acquiring an additional 4,380 shares during the quarter. Scientech Research LLC's holdings in Universal Display were worth $1,160,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of OLED. Vanguard Group Inc. increased its holdings in Universal Display by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 4,784,099 shares of the semiconductor company's stock valued at $699,435,000 after purchasing an additional 67,590 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Universal Display by 2.8% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,536,513 shares of the semiconductor company's stock valued at $370,838,000 after buying an additional 69,043 shares during the period. Geode Capital Management LLC raised its holdings in shares of Universal Display by 12.8% during the 4th quarter. Geode Capital Management LLC now owns 901,315 shares of the semiconductor company's stock valued at $131,806,000 after buying an additional 101,963 shares during the period. Jennison Associates LLC lifted its position in Universal Display by 58.2% during the 4th quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company's stock worth $99,975,000 after acquiring an additional 251,557 shares in the last quarter. Finally, Norges Bank purchased a new position in Universal Display in the 4th quarter worth approximately $95,924,000. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Universal Display Trading Up 0.4%

Universal Display stock traded up $0.61 during midday trading on Thursday, hitting $146.57. The stock had a trading volume of 96,849 shares, compared to its average volume of 589,522. Universal Display Co. has a 12 month low of $103.70 and a 12 month high of $237.00. The stock has a market cap of $6.97 billion, a P/E ratio of 31.49, a P/E/G ratio of 1.61 and a beta of 1.46. The business has a fifty day moving average price of $134.71 and a 200 day moving average price of $147.96.

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

Universal Display Dividend Announcement

The firm 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 $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Monday, June 16th. Universal Display's dividend payout ratio (DPR) is 37.42%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on OLED shares. The Goldman Sachs Group dropped their price objective on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Citigroup lowered their price target 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. Needham & Company LLC reiterated a "buy" rating and issued a $170.00 price objective on shares of Universal Display in a report on Friday, May 2nd. Roth Mkm upped their price objective on shares of Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Wall Street Zen upgraded Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.43.

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.