Universal Display Co. (NASDAQ:OLED) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC raised its holdings in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 41.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 551,673 shares of the semiconductor company's stock after acquiring an additional 161,782 shares during the quarter. Janus Henderson Group PLC owned approximately 1.16% of Universal Display worth $80,674,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Universal Display by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,784,099 shares of the semiconductor company's stock valued at $699,435,000 after purchasing an additional 67,590 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Universal Display by 2.8% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,536,513 shares of the semiconductor company's stock worth $370,838,000 after buying an additional 69,043 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Universal Display by 12.8% in the 4th quarter. Geode Capital Management LLC now owns 901,315 shares of the semiconductor company's stock valued at $131,806,000 after buying an additional 101,963 shares in the last quarter. Jennison Associates LLC grew its position in shares of Universal Display by 58.2% in the 4th quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company's stock valued at $99,975,000 after buying an additional 251,557 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Universal Display in the 4th quarter valued at $95,924,000. Hedge funds and other institutional investors own 78.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on OLED. Citigroup decreased 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. Roth Mkm upped their target price on Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research report on Friday, February 21st. The Goldman Sachs Group cut their price target on Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Susquehanna decreased 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. Finally, StockNews.com raised shares of Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $190.43.

Universal Display Stock Performance

Universal Display stock traded up $2.40 during mid-day trading on Friday, reaching $155.51. 574,300 shares of the company were exchanged, compared to its average volume of 585,906. The firm's 50-day simple moving average is $134.55 and its two-hundred day simple moving average is $149.15. Universal Display Co. has a twelve month low of $103.70 and a twelve month high of $237.00. The firm has a market cap of $7.39 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46.

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 for the quarter, topping the consensus estimate of $1.07 by $0.28. The firm had revenue of $166.28 million during the quarter, compared to the consensus estimate of $154.76 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The company's revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the company earned $1.19 earnings per share. As a group, equities research 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. Stockholders of record on Monday, June 16th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, June 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.16%. Universal Display's dividend payout ratio (DPR) 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.