Nisa Investment Advisors LLC Has $178,000 Stock Position in Universal Display Co. (NASDAQ:OLED)

Nisa Investment Advisors LLC lifted its stake in Universal Display Co. (NASDAQ:OLED) by 47.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 933 shares of the semiconductor company’s stock after buying an additional 300 shares during the period. Nisa Investment Advisors LLC’s holdings in Universal Display were worth $178,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of OLED. Orion Capital Management LLC bought a new position in Universal Display during the third quarter worth about $31,000. Rise Advisors LLC bought a new stake in shares of Universal Display during the fourth quarter worth approximately $57,000. Tyler Stone Wealth Management bought a new stake in shares of Universal Display during the second quarter worth approximately $43,000. Brown Brothers Harriman & Co. bought a new stake in shares of Universal Display during the first quarter worth approximately $93,000. Finally, Fifth Third Bancorp boosted its stake in shares of Universal Display by 22.5% in the third quarter. Fifth Third Bancorp now owns 593 shares of the semiconductor company’s stock valued at $93,000 after buying an additional 109 shares during the period. Institutional investors and hedge funds own 78.19% of the company’s stock.

Analyst Upgrades and Downgrades

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

Universal Display Price Performance

Shares of OLED opened at $149.81 on Friday. Universal Display Co. has a one year low of $125.98 and a one year high of $194.84. The company has a market cap of $7.10 billion, a P/E ratio of 35.33, a P/E/G ratio of 1.66 and a beta of 1.45. The firm has a 50 day simple moving average of $168.17 and a two-hundred day simple moving average of $169.13.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, February 22nd. The semiconductor company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.18 by $0.11. Universal Display had a net margin of 35.22% and a return on equity of 14.85%. The business had revenue of $158.32 million during the quarter, compared to the consensus estimate of $161.08 million. During the same period in the previous year, the business earned $1.36 earnings per share. The company’s revenue was down 6.3% on a year-over-year basis. On average, analysts expect that Universal Display Co. will post 4.72 earnings per share for the current fiscal 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 issued a dividend of $0.40 per share. The ex-dividend date was Thursday, March 14th. This is an increase from Universal Display’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 1.07%. Universal Display’s dividend payout ratio is 37.74%.

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.