Algert Global LLC grew its position in Universal Display Co. (NASDAQ:OLED - Free Report) by 14.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,120 shares of the semiconductor company's stock after purchasing an additional 4,089 shares during the period. Algert Global LLC owned approximately 0.07% of Universal Display worth $4,696,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of OLED. Brown Brothers Harriman & Co. grew its stake in Universal Display by 280.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock worth $31,000 after buying an additional 154 shares during the period. Blue Trust Inc. raised its position in Universal Display by 401.9% in the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 209 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Universal Display during the fourth quarter worth about $40,000. Farther Finance Advisors LLC grew its stake in shares of Universal Display by 761.1% in the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock valued at $45,000 after buying an additional 274 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Universal Display by 185.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company's stock valued at $52,000 after buying an additional 232 shares during the period. Hedge funds and other institutional investors own 78.19% of the company's stock.
Universal Display Price Performance
Universal Display stock traded up $1.65 during trading hours on Friday, hitting $143.75. The company had a trading volume of 381,016 shares, compared to its average volume of 580,361. The firm's fifty day moving average is $134.59 and its 200-day moving average is $150.12. The firm has a market capitalization of $6.83 billion, a P/E ratio of 30.91, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46. Universal Display Co. has a fifty-two week low of $103.70 and a fifty-two week high of $237.00.
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. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The firm had revenue of $166.28 million during the quarter, compared to analysts' expectations of $154.76 million. During the same period in the previous year, the company earned $1.19 earnings per share. The company's revenue was up .6% compared to the same quarter last year. Analysts anticipate that Universal Display Co. will post 4.71 earnings per share for the current year.
Universal Display Announces Dividend
The company also recently disclosed 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Monday, June 16th. Universal Display's payout ratio is 37.42%.
Analyst Ratings Changes
Several research firms recently commented on OLED. StockNews.com upgraded Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and set a $170.00 price target on shares of Universal Display in a research report on Friday, May 2nd. The Goldman Sachs Group reduced 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 note on Thursday, February 6th. Citigroup reduced their price target on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Finally, Susquehanna lowered their price target on Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Universal Display currently has a consensus rating of "Moderate Buy" and an average price target of $190.43.
Get Our Latest Analysis on Universal Display
About Universal Display
(
Free Report)
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.
Further Reading
Before you consider Universal Display, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Universal Display wasn't on the list.
While Universal Display currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
