Price T Rowe Associates Inc. MD Grows Position in Universal Display Co. (NASDAQ:OLED)

Price T Rowe Associates Inc. MD increased its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 10.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,300 shares of the semiconductor company's stock after purchasing an additional 2,564 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.06% of Universal Display worth $4,138,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OLED. Barclays PLC raised its stake in shares of Universal Display by 753.8% during the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock worth $44,608,000 after buying an additional 187,627 shares in the last quarter. Tidal Investments LLC raised its position in Universal Display by 9.2% in the third quarter. Tidal Investments LLC now owns 7,037 shares of the semiconductor company's stock worth $1,477,000 after acquiring an additional 595 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in Universal Display by 35.5% in the third quarter. B. Riley Wealth Advisors Inc. now owns 1,759 shares of the semiconductor company's stock valued at $369,000 after acquiring an additional 461 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Universal Display by 95.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 189,603 shares of the semiconductor company's stock worth $27,720,000 after purchasing an additional 92,410 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Universal Display by 5.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 8,812 shares of the semiconductor company's stock worth $1,288,000 after purchasing an additional 432 shares during the period. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Susquehanna decreased their price objective 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. Citigroup reduced their price target on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Roth Mkm upped their price target on Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Needham & Company LLC reaffirmed a "buy" rating and set a $170.00 price objective on shares of Universal Display in a report on Friday, May 2nd. Finally, The Goldman Sachs Group lowered their target price on Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $190.43.

Universal Display Price Performance

NASDAQ:OLED traded up $1.65 during trading hours on Friday, reaching $143.75. 381,016 shares of the company traded hands, compared to its average volume of 580,361. The firm's 50-day moving average is $134.59 and its 200-day moving average is $150.12. The stock has a market cap of $6.83 billion, a P/E ratio of 30.91, a P/E/G 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 posted its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.28. The business had revenue of $166.28 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $1.19 earnings per share. As a group, research analysts predict that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.25%. Universal Display's dividend payout ratio (DPR) is currently 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.