One Capital Management LLC Makes New Investment in Universal Display Corporation $OLED

One Capital Management LLC purchased a new position in Universal Display Corporation (NASDAQ:OLED) during the 4th quarter, HoldingsChannel reports. The firm purchased 17,311 shares of the semiconductor company’s stock, valued at approximately $2,022,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Peapack Gladstone Financial Corp increased its position in Universal Display by 17.2% in the 4th quarter. Peapack Gladstone Financial Corp now owns 4,299 shares of the semiconductor company’s stock worth $502,000 after buying an additional 631 shares during the period. BNP Paribas Financial Markets increased its position in Universal Display by 34.7% in the 4th quarter. BNP Paribas Financial Markets now owns 190,644 shares of the semiconductor company’s stock worth $22,263,000 after buying an additional 49,110 shares during the period. Norges Bank bought a new position in Universal Display in the 4th quarter worth approximately $92,756,000. Eurizon Capital SGR S.p.A. bought a new position in Universal Display in the 4th quarter worth approximately $75,000. Finally, Future Fund LLC bought a new position in Universal Display in the 4th quarter worth approximately $1,985,000. 78.19% of the stock is owned by institutional investors.

Universal Display Price Performance

Shares of NASDAQ:OLED opened at $93.79 on Wednesday. The business’s fifty day moving average price is $93.73 and its two-hundred day moving average price is $107.64. Universal Display Corporation has a fifty-two week low of $83.64 and a fifty-two week high of $163.21. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 20.94 and a beta of 1.54.

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

Universal Display Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on OLED. The Goldman Sachs Group set a $135.00 price objective on Universal Display in a research report on Tuesday, April 21st. Roth Mkm set a $168.00 price objective on Universal Display in a research report on Friday, May 1st. Oppenheimer lowered their price objective on Universal Display from $160.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Zacks Research cut Universal Display from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Universal Display in a research report on Monday, March 23rd. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $130.60.

Universal Display Profile

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.