Universal Display Co. (NASDAQ:OLED) Stock Holdings Increased by Algert Global LLC

Algert Global LLC raised its holdings in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 14.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,120 shares of the semiconductor company's stock after buying an additional 4,089 shares during the period. Algert Global LLC owned about 0.07% of Universal Display worth $4,696,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. grew its holdings in shares of Universal Display by 280.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 154 shares during the last quarter. Blue Trust Inc. raised its holdings in Universal Display by 401.9% during the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock worth $38,000 after buying an additional 209 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in Universal Display during the 4th quarter worth about $40,000. Farther Finance Advisors LLC lifted its stake in Universal Display by 761.1% during 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. boosted its holdings in shares of Universal Display by 185.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company's stock worth $52,000 after buying an additional 232 shares during the period. Institutional investors and hedge funds own 78.19% of the company's stock.

Universal Display Price Performance

Shares of NASDAQ OLED opened at $143.22 on Tuesday. Universal Display Co. has a one year low of $103.70 and a one year high of $237.00. The business's 50-day moving average price is $135.18 and its two-hundred day moving average price is $151.46. The company has a market capitalization of $6.81 billion, a P/E ratio of 30.80, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.28. The firm had revenue of $166.28 million for 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 firm's revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.19 earnings per share. On average, equities analysts anticipate that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Dividend Announcement

The firm also recently disclosed 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. This represents a $1.80 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Monday, June 16th. Universal Display's payout ratio is presently 37.42%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on OLED shares. Roth Mkm upped their price target 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. The Goldman Sachs Group decreased their target price on Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Citigroup dropped their price target on Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. StockNews.com raised Universal Display from a "sell" rating to a "hold" rating in a research note on Friday. Finally, Susquehanna dropped their target price on Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.

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