Cwm LLC Has $116,000 Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Cwm LLC grew its position in Universal Display Co. (NASDAQ:OLED) by 21.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 606 shares of the semiconductor company’s stock after buying an additional 105 shares during the period. Cwm LLC’s holdings in Universal Display were worth $116,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. lifted its position in Universal Display by 3.9% during the 4th quarter. Federated Hermes Inc. now owns 4,952 shares of the semiconductor company’s stock valued at $947,000 after purchasing an additional 184 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Universal Display by 6.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,020 shares of the semiconductor company’s stock worth $2,490,000 after buying an additional 827 shares during the last quarter. Cookson Peirce & Co. Inc. acquired a new position in Universal Display in the fourth quarter valued at approximately $228,000. Vontobel Holding Ltd. boosted its stake in Universal Display by 6.4% in the fourth quarter. Vontobel Holding Ltd. now owns 309,804 shares of the semiconductor company’s stock valued at $59,253,000 after acquiring an additional 18,582 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in Universal Display during the 4th quarter worth $2,333,000. Institutional investors own 78.19% of the company’s stock.

Universal Display Stock Performance

Universal Display stock opened at $176.29 on Tuesday. The stock has a 50-day simple moving average of $163.34 and a 200 day simple moving average of $169.23. The stock has a market capitalization of $8.36 billion, a P/E ratio of 38.32, a PEG ratio of 1.85 and a beta of 1.44. Universal Display Co. has a 52 week low of $133.67 and a 52 week high of $194.84.

Universal Display (NASDAQ:OLED) last issued its earnings results on Thursday, May 2nd. The semiconductor company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.05 by $0.14. Universal Display had a return on equity of 15.57% and a net margin of 36.00%. The company had revenue of $165.26 million during the quarter, compared to the consensus estimate of $150.75 million. During the same period in the previous year, the company posted $0.83 EPS. The firm’s revenue for the quarter was up 26.7% compared to the same quarter last year. Research analysts forecast that Universal Display Co. will post 4.74 earnings per share for the current year.

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.60 annualized dividend and a dividend yield of 0.91%. Universal Display’s dividend payout ratio is currently 34.78%.

Analyst Upgrades and Downgrades

OLED has been the topic of a number of analyst reports. TD Cowen increased 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. Citigroup reissued a “neutral” rating and issued a $180.00 target price (up from $161.00) on shares of Universal Display in a research note on Friday, January 19th. 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. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $198.00 price objective on shares of Universal Display in a research report on Friday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Universal Display presently has an average rating of “Moderate Buy” and an average 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.