BNP Paribas Financial Markets Buys 8,928 Shares of Universal Display Co. (NASDAQ:OLED)

BNP Paribas Financial Markets increased its position in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 16.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,641 shares of the semiconductor company's stock after acquiring an additional 8,928 shares during the period. BNP Paribas Financial Markets owned approximately 0.13% of Universal Display worth $9,012,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC increased its position 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 worth $44,608,000 after purchasing an additional 187,627 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Universal Display by 95.1% in 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. Harbor Capital Advisors Inc. increased its position 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 valued at $1,288,000 after purchasing an additional 432 shares during the last quarter. Green Alpha Advisors LLC increased its position in shares of Universal Display by 3.6% during the 4th quarter. Green Alpha Advisors LLC now owns 4,605 shares of the semiconductor company's stock valued at $673,000 after purchasing an additional 160 shares during the last quarter. Finally, Oak Thistle LLC lifted its position in Universal Display by 192.5% in the 4th quarter. Oak Thistle LLC now owns 10,390 shares of the semiconductor company's stock worth $1,519,000 after buying an additional 6,838 shares during the last quarter. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on OLED shares. The Goldman Sachs Group decreased their price target 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. StockNews.com upgraded shares of Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Needham & Company LLC restated 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 lifted their price objective on Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Citigroup lowered their target price on Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $190.43.

Universal Display Price Performance

Universal Display stock traded down $0.93 during mid-day trading on Thursday, reaching $153.11. 462,193 shares of the company traded hands, compared to its average volume of 584,436. Universal Display Co. has a 52-week low of $103.70 and a 52-week high of $237.00. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 32.93, a P/E/G ratio of 1.61 and a beta of 1.46. The firm's 50 day moving average price is $134.61 and its 200 day moving average price is $149.51.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 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 business 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 posted $1.19 earnings per share. Universal Display's quarterly revenue was up .6% compared to the same quarter last year. On average, sell-side analysts anticipate that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.80 annualized dividend and a yield of 1.18%. Universal Display's payout ratio is 37.42%.

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.