Universal Display Co. (NASDAQ:OLED) Stock Position Lifted by Sterling Capital Management LLC

Sterling Capital Management LLC boosted its stake in Universal Display Co. (NASDAQ:OLED) by 35.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,767 shares of the semiconductor company’s stock after buying an additional 458 shares during the quarter. Sterling Capital Management LLC’s holdings in Universal Display were worth $258,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of OLED. Brown Brothers Harriman & Co. raised its holdings in shares of Universal Display by 280.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 154 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Universal Display by 401.9% during the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 209 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Universal Display in the 4th quarter valued at approximately $40,000. Farther Finance Advisors LLC increased its holdings in Universal Display by 761.1% in the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company’s stock worth $45,000 after buying an additional 274 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Universal Display by 185.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company’s stock valued at $52,000 after acquiring an additional 232 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on OLED. 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. StockNews.com downgraded shares of Universal Display from a “hold” rating to a “sell” rating in a research report on Friday, April 11th. Roth Mkm upped their price target on Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. The Goldman Sachs Group cut their price objective on Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Susquehanna reduced their target price on Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Universal Display currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.43.

Universal Display Stock Performance

NASDAQ OLED opened at $113.98 on Monday. The stock has a 50-day simple moving average of $139.96 and a 200 day simple moving average of $157.52. Universal Display Co. has a twelve month low of $103.70 and a twelve month high of $237.00. The stock has a market capitalization of $5.41 billion, a PE ratio of 24.51, a P/E/G ratio of 1.61 and a beta of 1.42.

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

Universal Display Increases Dividend

The business also recently disclosed 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 represents a $1.80 dividend on an annualized basis and a dividend yield of 1.58%. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. Universal Display’s dividend payout ratio is currently 38.71%.

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.