Schonfeld Strategic Advisors LLC Purchases New Stake in Universal Display Co. (NASDAQ:OLED)

Schonfeld Strategic Advisors LLC purchased a new stake in shares of Universal Display Co. (NASDAQ:OLED) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,541 shares of the semiconductor company’s stock, valued at approximately $371,000.

Other large investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. raised its position in Universal Display by 280.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 154 shares during the period. Blue Trust Inc. raised its position in Universal Display by 401.9% during the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 209 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Universal Display during the fourth quarter valued at $40,000. Farther Finance Advisors LLC increased its position in Universal Display by 761.1% in the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 274 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Universal Display by 185.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 232 shares during the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on OLED shares. The Goldman Sachs Group dropped their target price on Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Roth Mkm upped their target price on Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Susquehanna dropped their target price on 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 reaffirmed a “buy” rating and issued a $170.00 target price on shares of Universal Display in a research report on Friday, May 2nd. Finally, Citigroup dropped their target price on Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $190.43.

Universal Display Stock Performance

Shares of NASDAQ OLED opened at $143.75 on Monday. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 30.91, a P/E/G ratio of 1.61 and a beta of 1.46. The business’s 50-day simple moving average is $134.59 and its 200-day simple moving average is $149.77. Universal Display Co. has a 52 week low of $103.70 and a 52 week high of $237.00.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.28. The business had revenue of $166.28 million for the quarter, compared to analyst estimates of $154.76 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.19 EPS. As a group, equities research 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Monday, June 16th. Universal Display’s dividend payout ratio (DPR) is currently 37.42%.

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.