Federated Hermes Inc. Has $947,000 Holdings in Universal Display Co. (NASDAQ:OLED)

Federated Hermes Inc. boosted its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,952 shares of the semiconductor company’s stock after purchasing an additional 184 shares during the period. Federated Hermes Inc.’s holdings in Universal Display were worth $947,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new position in shares of Universal Display in the 3rd quarter valued at approximately $31,000. Rise Advisors LLC acquired a new position in shares of Universal Display in the fourth quarter valued at approximately $57,000. Fifth Third Bancorp boosted its holdings 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. Nisa Investment Advisors LLC increased its position in shares of Universal Display by 47.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 933 shares of the semiconductor company’s stock worth $178,000 after acquiring an additional 300 shares in the last quarter. Finally, Whittier Trust Co. acquired a new stake in shares of Universal Display during the fourth quarter worth $191,000. 78.19% of the stock is owned by institutional investors and hedge funds.

Universal Display Stock Performance

OLED opened at $152.66 on Thursday. The business’s 50-day simple moving average is $164.54 and its 200 day simple moving average is $169.15. The firm has a market capitalization of $7.24 billion, a PE ratio of 36.31, a PEG ratio of 1.76 and a beta of 1.45. Universal Display Co. has a 52-week low of $125.98 and a 52-week high of $194.84.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, February 22nd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.11. Universal Display had a return on equity of 14.85% and a net margin of 35.22%. The company had revenue of $158.32 million for the quarter, compared to analysts’ expectations of $161.08 million. During the same quarter in the prior year, the business posted $1.36 EPS. The business’s revenue was down 6.3% compared to the same quarter last year. On average, research analysts forecast that Universal Display Co. will post 4.72 earnings per share for the current year.

Universal Display Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.05%. 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 (DPR) is 37.74%.

Wall Street Analyst Weigh In

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

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.