Systematic Financial Management LP Has $18.77 Million Stock Position in Universal Display Co. (NASDAQ:OLED)

Systematic Financial Management LP boosted its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,357 shares of the semiconductor company's stock after purchasing an additional 2,266 shares during the quarter. Systematic Financial Management LP owned 0.27% of Universal Display worth $18,766,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of OLED. Barclays PLC lifted its stake in shares of Universal Display by 753.8% in the third quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock valued at $44,608,000 after buying an additional 187,627 shares during the period. Fifth Third Wealth Advisors LLC raised its stake in shares of Universal Display by 24.3% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 1,674 shares of the semiconductor company's stock valued at $245,000 after purchasing an additional 327 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Universal Display by 627.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 78,351 shares of the semiconductor company's stock valued at $11,455,000 after purchasing an additional 67,583 shares in the last quarter. Park Avenue Securities LLC lifted its position in Universal Display by 20.0% in the fourth quarter. Park Avenue Securities LLC now owns 1,725 shares of the semiconductor company's stock worth $252,000 after purchasing an additional 288 shares during the period. Finally, Empirical Asset Management LLC acquired a new stake in Universal Display during the fourth quarter worth $388,000. 78.19% of the stock is owned by institutional investors.

Universal Display Stock Down 0.7%

NASDAQ:OLED traded down $1.12 on Tuesday, reaching $151.11. The stock had a trading volume of 347,658 shares, compared to its average volume of 589,639. The company has a market capitalization of $7.18 billion, a P/E ratio of 32.50, 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. The stock has a fifty day moving average price of $134.80 and a 200-day moving average price of $147.98.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 34.29% and a return on equity of 15.51%. Universal Display's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 earnings per share. Sell-side analysts predict that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 1.19%. The ex-dividend date is Monday, June 16th. Universal Display's payout ratio is presently 37.42%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Citigroup dropped their price objective 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. Needham & Company LLC reissued a "buy" rating and issued a $170.00 price target on shares of Universal Display in a research report on Friday, May 2nd. The Goldman Sachs Group cut 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. Susquehanna decreased their price objective on Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Finally, Roth Mkm increased their target price on Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Universal Display currently has an average rating of "Moderate Buy" and a consensus 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.