Universal Display Co. (NASDAQ:OLED) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG raised its holdings in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 159,585 shares of the semiconductor company's stock after purchasing an additional 11,322 shares during the quarter. Deutsche Bank AG owned 0.34% of Universal Display worth $23,331,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in OLED. Pacer Advisors Inc. boosted its stake in shares of Universal Display by 37.2% during the fourth quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company's stock valued at $3,983,000 after purchasing an additional 7,390 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Universal Display by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company's stock worth $49,857,000 after acquiring an additional 7,147 shares during the period. Sterling Capital Management LLC increased its position in shares of Universal Display by 35.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,767 shares of the semiconductor company's stock worth $258,000 after acquiring an additional 458 shares during the period. Inspire Investing LLC bought a new stake in shares of Universal Display during the fourth quarter valued at approximately $462,000. Finally, Empirical Asset Management LLC purchased a new stake in shares of Universal Display in the fourth quarter valued at approximately $388,000. 78.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on OLED. StockNews.com upgraded Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Susquehanna reduced their target price on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Friday, February 21st. The Goldman Sachs Group cut their price objective on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Citigroup decreased their target price 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. Finally, Needham & Company LLC restated a "buy" rating and issued a $170.00 target price on shares of Universal Display in a research note on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Universal Display has an average rating of "Moderate Buy" and an average price target of $190.43.

Universal Display Price Performance

Universal Display stock traded down $1.68 during mid-day trading on Tuesday, reaching $150.55. 30,920 shares of the company traded hands, compared to its average volume of 586,683. The firm's fifty day moving average is $134.74 and its two-hundred day moving average is $147.95. Universal Display Co. has a fifty-two week low of $103.70 and a fifty-two week high of $237.00. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 32.37, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46.

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 the consensus estimate of $154.76 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The firm's quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.19 earnings per share. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.45 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.80 annualized dividend and a yield of 1.20%. Universal Display's dividend payout ratio is presently 37.42%.

Universal Display 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.