Sora Investors LLC Has $11.34 Million Stake in Universal Display Co. (NASDAQ:OLED)

Sora Investors LLC raised its holdings in Universal Display Co. (NASDAQ:OLED - Free Report) by 121.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,578 shares of the semiconductor company's stock after buying an additional 42,578 shares during the period. Sora Investors LLC owned about 0.16% of Universal Display worth $11,342,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. increased its stake in shares of 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 purchasing an additional 154 shares during the period. Blue Trust Inc. increased its stake in shares of 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 purchasing an additional 209 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of Universal Display during the fourth quarter worth approximately $40,000. Farther Finance Advisors LLC increased its stake in shares of 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 purchasing an additional 274 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in shares of 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. Institutional investors own 78.19% of the company's stock.

Universal Display Stock Down 2.1%

Shares of OLED stock traded down $3.28 during trading hours on Monday, reaching $152.23. The company's stock had a trading volume of 465,952 shares, compared to its average volume of 588,884. The firm's 50 day simple moving average is $134.74 and its 200-day simple moving average is $147.95. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 1.61 and a beta of 1.46. 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 issued its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $154.76 million. During the same quarter last year, the business posted $1.19 EPS. The company's revenue was up .6% compared to the same quarter last year. Sell-side analysts predict that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Dividend Announcement

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. This represents a $1.80 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Monday, June 16th. Universal Display's dividend payout ratio (DPR) is 37.42%.

Analyst Ratings Changes

OLED has been the topic of a number of analyst reports. Needham & Company LLC reissued a "buy" rating and set a $170.00 price target on shares of Universal Display in a research report on Friday, May 2nd. Roth Mkm increased their price target on Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. The Goldman Sachs Group reduced their price target on Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Susquehanna reduced their price target on Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Finally, Citigroup reduced their price target on Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $190.43.

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.