Universal Display Co. (NASDAQ:OLED) Stock Position Raised by Nebula Research & Development LLC

Nebula Research & Development LLC boosted its holdings in Universal Display Co. (NASDAQ:OLED) by 48.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,090 shares of the semiconductor company’s stock after acquiring an additional 1,656 shares during the period. Nebula Research & Development LLC’s holdings in Universal Display were worth $744,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. CIBC Asset Management Inc boosted its position in Universal Display by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company’s stock valued at $215,000 after purchasing an additional 73 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of Universal Display by 5.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,615 shares of the semiconductor company’s stock valued at $245,000 after acquiring an additional 85 shares during the period. Arizona State Retirement System grew its position in shares of Universal Display by 0.7% during the fourth quarter. Arizona State Retirement System now owns 13,065 shares of the semiconductor company’s stock worth $1,910,000 after acquiring an additional 88 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Universal Display by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company’s stock valued at $1,475,000 after purchasing an additional 90 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in Universal Display by 0.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the semiconductor company’s stock valued at $1,798,000 after purchasing an additional 100 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OLED has been the topic of several analyst reports. Oppenheimer dropped their price target on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, January 2nd. Needham & Company LLC cut their target price on Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Susquehanna decreased their price target on Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. StockNews.com cut shares of Universal Display from a “hold” rating to a “sell” rating in a research note on Friday, April 11th. Finally, The Goldman Sachs Group decreased their target price on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Universal Display presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.43.

Universal Display Trading Up 0.8 %

Shares of Universal Display stock opened at $126.41 on Monday. Universal Display Co. has a 52 week low of $103.70 and a 52 week high of $237.00. The company’s 50-day moving average price is $137.64 and its two-hundred day moving average price is $154.41. The stock has a market cap of $6.00 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42.

Universal Display (NASDAQ:OLED) last issued its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. The firm had revenue of $162.29 million during the quarter, compared to analysts’ expectations of $152.75 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. On average, equities analysts predict that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, March 17th. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.42%. Universal Display’s payout ratio is 38.71%.

Universal Display 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.