Los Angeles Capital Management LLC Raises Stock Position in Universal Display Co. (NASDAQ:OLED)

Los Angeles Capital Management LLC grew its holdings in Universal Display Co. (NASDAQ:OLEDGet Rating) by 41.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,316 shares of the semiconductor company’s stock after acquiring an additional 25,957 shares during the period. Los Angeles Capital Management LLC’s holdings in Universal Display were worth $14,911,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in OLED. State Street Corp lifted its holdings in Universal Display by 10.2% in the 4th quarter. State Street Corp now owns 1,388,245 shares of the semiconductor company’s stock worth $229,102,000 after purchasing an additional 128,230 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Universal Display by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 595,538 shares of the semiconductor company’s stock worth $98,283,000 after acquiring an additional 22,547 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Universal Display by 5.4% during the fourth quarter. JPMorgan Chase & Co. now owns 589,226 shares of the semiconductor company’s stock valued at $97,240,000 after acquiring an additional 30,193 shares in the last quarter. Griffin Asset Management Inc. increased its holdings in Universal Display by 0.9% in the 1st quarter. Griffin Asset Management Inc. now owns 558,460 shares of the semiconductor company’s stock valued at $93,235,000 after acquiring an additional 4,851 shares during the last quarter. Finally, Epoch Investment Partners Inc. lifted its stake in Universal Display by 18.1% in the 4th quarter. Epoch Investment Partners Inc. now owns 527,885 shares of the semiconductor company’s stock worth $87,117,000 after purchasing an additional 80,732 shares in the last quarter. Institutional investors own 71.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Universal Display from $180.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, August 1st. DA Davidson cut their price target on Universal Display from $165.00 to $140.00 in a report on Tuesday, July 26th. Cowen decreased their price objective on Universal Display from $175.00 to $145.00 in a report on Friday. Bank of America lowered shares of Universal Display from a “buy” rating to a “neutral” rating and cut their target price for the company from $190.00 to $135.00 in a report on Wednesday, June 29th. Finally, The Goldman Sachs Group decreased their price target on shares of Universal Display from $225.00 to $192.00 and set a “buy” rating on the stock in a research note on Thursday, July 28th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $168.30.

Universal Display Stock Up 5.3 %

Shares of OLED opened at $125.41 on Friday. The business has a fifty day moving average of $113.46 and a 200 day moving average of $134.65. The company has a market cap of $5.92 billion, a PE ratio of 32.57, a P/E/G ratio of 1.31 and a beta of 1.46. Universal Display Co. has a 52-week low of $98.71 and a 52-week high of $220.23.

Universal Display (NASDAQ:OLEDGet Rating) last released its earnings results on Thursday, August 4th. The semiconductor company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.13). The firm had revenue of $136.60 million during the quarter, compared to the consensus estimate of $151.21 million. Universal Display had a return on equity of 16.84% and a net margin of 31.80%. Universal Display’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. As a group, research analysts anticipate that Universal Display Co. will post 4.33 earnings per share for the current fiscal year.

About Universal Display

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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. It owns, exclusively licenses, or has sole rights to sublicense approximately 5,500 issued and pending patents worldwide.

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Institutional Ownership by Quarter for Universal Display (NASDAQ:OLED)

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