Price T Rowe Associates Inc. MD Purchases 2,564 Shares of Universal Display Co. (NASDAQ:OLED)

Price T Rowe Associates Inc. MD grew its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 10.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,300 shares of the semiconductor company's stock after buying an additional 2,564 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.06% of Universal Display worth $4,138,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Pinebridge Investments L.P. grew its position in Universal Display by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 11,835 shares of the semiconductor company's stock worth $1,730,000 after acquiring an additional 3,542 shares during the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of Universal Display during the fourth quarter valued at approximately $647,000. Greenhouse Funds LLLP increased its stake in shares of Universal Display by 11.2% in the fourth quarter. Greenhouse Funds LLLP now owns 583,603 shares of the semiconductor company's stock worth $85,323,000 after buying an additional 58,775 shares during the period. Hsbc Holdings PLC raised its holdings in Universal Display by 679.9% during the 4th quarter. Hsbc Holdings PLC now owns 157,502 shares of the semiconductor company's stock valued at $23,120,000 after buying an additional 137,307 shares during the last quarter. Finally, State of Tennessee Department of Treasury raised its holdings in Universal Display by 24.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 17,784 shares of the semiconductor company's stock valued at $2,600,000 after buying an additional 3,499 shares during the last quarter. Hedge funds and other institutional investors own 78.19% of the company's stock.

Universal Display Price Performance

OLED stock traded down $1.21 during midday trading on Thursday, hitting $142.10. The stock had a trading volume of 524,591 shares, compared to its average volume of 577,936. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 30.56, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46. The business has a 50-day moving average of $134.76 and a two-hundred day moving average of $151.33. Universal Display Co. has a 52-week low of $103.70 and a 52-week high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its quarterly earnings results 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 net margin of 34.29% and a return on equity of 15.51%. The company had revenue of $166.28 million during the quarter, compared to analyst estimates of $154.76 million. During the same period last year, the business earned $1.19 EPS. Universal Display's quarterly revenue was up .6% compared to the same quarter last year. Research analysts predict that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.45 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.27%. Universal Display's dividend payout ratio is currently 37.42%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on OLED shares. Roth Mkm boosted 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. Citigroup lowered their price target on Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Susquehanna dropped their price objective on Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Needham & Company LLC reissued a "buy" rating and set a $170.00 target price on shares of Universal Display in a research note on Friday, May 2nd. Finally, StockNews.com raised Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.