Bessemer Group Inc. Boosts Stake in Universal Display Co. (NASDAQ:OLED)

Bessemer Group Inc. lifted its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 16.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,508 shares of the semiconductor company’s stock after buying an additional 353 shares during the period. Bessemer Group Inc.’s holdings in Universal Display were worth $367,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in shares of Universal Display by 37.2% during the 4th quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company’s stock valued at $3,983,000 after acquiring an additional 7,390 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Universal Display by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company’s stock valued at $49,857,000 after buying an additional 7,147 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Universal Display by 95.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 189,603 shares of the semiconductor company’s stock valued at $27,720,000 after buying an additional 92,410 shares during the period. Inspire Investing LLC purchased a new position in shares of Universal Display in the 4th quarter worth $462,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Universal Display in the third quarter worth $2,356,000. 78.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on OLED shares. StockNews.com downgraded Universal Display from a “hold” rating to a “sell” rating in a report on Friday, April 11th. Oppenheimer cut their target price on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, January 2nd. Citigroup decreased 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. The Goldman Sachs Group cut their price objective on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, Susquehanna decreased 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.43.

Universal Display Price Performance

Shares of OLED stock opened at $116.54 on Wednesday. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 1.61 and a beta of 1.42. The company’s fifty day moving average price is $141.69 and its 200-day moving average price is $159.82. Universal Display Co. has a one year low of $103.70 and a one year high of $237.00.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.08 by $0.14. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The business had revenue of $162.29 million for the quarter, compared to the consensus estimate of $152.75 million. Equities research analysts expect that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.80 annualized dividend and a dividend yield of 1.54%. This is a boost from Universal Display’s previous quarterly dividend of $0.40. Universal Display’s dividend payout ratio (DPR) is presently 38.71%.

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.