Universal Display Co. (NASDAQ:OLED) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its position in Universal Display Co. (NASDAQ:OLED) by 47.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 933 shares of the semiconductor company’s stock after buying an additional 300 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Universal Display were worth $178,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. XXEC Inc. raised its position in shares of Universal Display by 1,199.4% during the fourth quarter. XXEC Inc. now owns 38,982 shares of the semiconductor company’s stock worth $7,456,000 after purchasing an additional 35,982 shares during the period. FengHe Fund Management Pte. Ltd. acquired a new stake in shares of Universal Display during the fourth quarter worth $5,451,000. Pacer Advisors Inc. raised its position in shares of Universal Display by 80.0% during the fourth quarter. Pacer Advisors Inc. now owns 6,545 shares of the semiconductor company’s stock worth $1,252,000 after purchasing an additional 2,908 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of Universal Display by 2.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 21,872 shares of the semiconductor company’s stock worth $4,183,000 after purchasing an additional 556 shares during the period. Finally, Raymond James & Associates raised its position in shares of Universal Display by 4.1% during the fourth quarter. Raymond James & Associates now owns 32,509 shares of the semiconductor company’s stock worth $6,218,000 after purchasing an additional 1,272 shares during the period. Institutional investors and hedge funds own 78.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OLED. TD Cowen boosted their target price on Universal Display from $165.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Citigroup reissued a “neutral” rating and set a $180.00 price target (up from $161.00) on shares of Universal Display in a research report on Friday, January 19th. Oppenheimer reissued an “outperform” rating and set a $200.00 price target (down from $210.00) on shares of Universal Display in a research report on Friday, February 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $198.00 target price on shares of Universal Display in a research report on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Universal Display has an average rating of “Moderate Buy” and an average target price of $199.86.

Universal Display Price Performance

Shares of OLED stock opened at $149.81 on Friday. Universal Display Co. has a fifty-two week low of $125.98 and a fifty-two week high of $194.84. The stock’s 50-day moving average is $168.17 and its two-hundred day moving average is $169.13. The firm has a market cap of $7.10 billion, a P/E ratio of 35.33, a PEG ratio of 1.66 and a beta of 1.45.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, February 22nd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.11. The company had revenue of $158.32 million during the quarter, compared to the consensus estimate of $161.08 million. Universal Display had a return on equity of 14.85% and a net margin of 35.22%. The firm’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.36 EPS. As a group, research analysts expect that Universal Display Co. will post 4.72 EPS for the current year.

Universal Display Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Thursday, March 14th. This is an increase from Universal Display’s previous quarterly dividend of $0.35. Universal Display’s dividend payout ratio is 37.74%.

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.