Jacobs Levy Equity Management Inc. Acquires 4,686 Shares of Universal Display Co. (NASDAQ:OLED)

Jacobs Levy Equity Management Inc. grew its holdings in Universal Display Co. (NASDAQ:OLED) by 38.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,940 shares of the semiconductor company’s stock after purchasing an additional 4,686 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Universal Display were worth $2,477,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. boosted its stake in shares of Universal Display by 37.2% in the 4th quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company’s stock valued at $3,983,000 after purchasing an additional 7,390 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Universal Display by 2.1% in 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 purchasing an additional 7,147 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of Universal Display by 35.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,767 shares of the semiconductor company’s stock valued at $258,000 after purchasing an additional 458 shares during the last quarter. Inspire Investing LLC bought a new position in shares of Universal Display in the 4th quarter valued at about $462,000. Finally, Empirical Asset Management LLC bought a new position in shares of Universal Display in the 4th quarter valued at about $388,000. Institutional investors own 78.19% of the company’s stock.

Universal Display Stock Performance

Shares of OLED stock opened at $153.11 on Friday. The company has a market capitalization of $7.28 billion, a P/E ratio of 32.93, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46. The company’s 50 day moving average price is $134.55 and its two-hundred day moving average price is $149.15. Universal Display Co. has a 52 week low of $103.70 and a 52 week high of $237.00.

Universal Display (NASDAQ:OLED) last announced its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, topping the consensus estimate 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 net margin of 34.29% and a return on equity of 15.51%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the company posted $1.19 EPS. Analysts forecast that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.18%. Universal Display’s dividend payout ratio (DPR) is presently 37.42%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Susquehanna cut their price target on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Needham & Company LLC reiterated a “buy” rating and issued a $170.00 price target on shares of Universal Display in a research report on Friday, May 2nd. StockNews.com upgraded shares of Universal Display from a “sell” rating to a “hold” rating in a research report on Friday, May 2nd. Roth Mkm increased 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. Finally, The Goldman Sachs Group cut their price target on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $190.43.

About Universal Display

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.