Universal Display Co. (NASDAQ:OLED) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its holdings in Universal Display Co. (NASDAQ:OLED) by 16.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 61,641 shares of the semiconductor company’s stock after buying an additional 8,928 shares during the quarter. BNP Paribas Financial Markets’ holdings in Universal Display were worth $9,012,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. grew its position in Universal Display by 280.0% in 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 last quarter. Blue Trust Inc. grew 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 worth $38,000 after buying an additional 209 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Universal Display during the 4th quarter worth approximately $40,000. Farther Finance Advisors LLC grew its position in Universal Display by 761.1% during the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 274 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Universal Display by 185.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 232 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Citigroup lowered their price objective 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. Roth Mkm boosted their price target on shares of Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. The Goldman Sachs Group lowered their price target on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. StockNews.com upgraded shares of Universal Display from a “sell” rating to a “hold” rating in a report on Friday, May 2nd. Finally, Susquehanna lowered their price target on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $190.43.

Universal Display Trading Up 1.2%

OLED stock opened at $143.75 on Monday. Universal Display Co. has a 1 year low of $103.70 and a 1 year high of $237.00. The company has a fifty day simple moving average of $134.59 and a 200 day simple moving average of $149.77. The firm has a market cap of $6.83 billion, a PE ratio of 30.91, a PEG ratio of 1.61 and a beta of 1.46.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.28. The firm had revenue of $166.28 million during the quarter, compared to analyst estimates of $154.76 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The business’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.19 EPS. As a group, analysts forecast that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Monday, June 16th. Universal Display’s dividend payout ratio is 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.