Intech Investment Management LLC Grows Stock Holdings in Universal Display Corporation $OLED

Intech Investment Management LLC boosted its stake in Universal Display Corporation (NASDAQ:OLED) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 154,331 shares of the semiconductor company’s stock after acquiring an additional 10,963 shares during the period. Intech Investment Management LLC’s holdings in Universal Display were worth $18,023,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in shares of Universal Display by 25.0% in the 4th quarter. Geode Capital Management LLC now owns 1,109,077 shares of the semiconductor company’s stock valued at $129,537,000 after purchasing an additional 222,108 shares during the last quarter. Smithfield Trust Co raised its stake in shares of Universal Display by 17.3% during the fourth quarter. Smithfield Trust Co now owns 1,693 shares of the semiconductor company’s stock worth $197,000 after purchasing an additional 250 shares during the last quarter. RHL Group LLC acquired a new stake in shares of Universal Display during the fourth quarter worth $60,000. Hantz Financial Services Inc. grew its position in Universal Display by 49.8% in the 4th quarter. Hantz Financial Services Inc. now owns 977 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 325 shares during the last quarter. Finally, Systematic Financial Management LP grew its position in Universal Display by 40.2% in the 4th quarter. Systematic Financial Management LP now owns 196,515 shares of the semiconductor company’s stock valued at $22,949,000 after buying an additional 56,320 shares during the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

Universal Display Stock Performance

NASDAQ:OLED opened at $94.15 on Friday. Universal Display Corporation has a 1 year low of $83.64 and a 1 year high of $163.21. The stock has a fifty day moving average price of $93.80 and a two-hundred day moving average price of $108.00. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 21.02 and a beta of 1.54.

Universal Display (NASDAQ:OLED) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $0.76 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.37). Universal Display had a return on equity of 12.34% and a net margin of 34.08%.The company had revenue of $142.21 million for the quarter, compared to analysts’ expectations of $161.23 million. During the same quarter in the previous year, the firm posted $1.35 earnings per share. Universal Display’s revenue for the quarter was down 14.5% on a year-over-year basis. On average, analysts predict that Universal Display Corporation will post 4.23 EPS for the current year.

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 2.1%. Universal Display’s payout ratio is currently 44.64%.

Wall Street Analyst Weigh In

OLED has been the subject of a number of analyst reports. Roth Mkm set a $168.00 price objective on shares of Universal Display in a research report on Friday, May 1st. The Goldman Sachs Group set a $135.00 target price on shares of Universal Display in a report on Tuesday, April 21st. Zacks Research lowered shares of Universal Display from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. Needham & Company LLC reduced their price objective on shares of Universal Display from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Universal Display in a report on Monday, March 23rd. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $130.60.

About Universal Display

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.