Focus Partners Wealth Purchases 2,440 Shares of Universal Display Co. (NASDAQ:OLED)

Focus Partners Wealth boosted its position in Universal Display Co. (NASDAQ:OLED) by 239.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,459 shares of the semiconductor company’s stock after acquiring an additional 2,440 shares during the period. Focus Partners Wealth’s holdings in Universal Display were worth $507,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in Universal Display by 37.2% in the 4th quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company’s stock worth $3,983,000 after acquiring an additional 7,390 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Universal Display by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company’s stock worth $49,857,000 after acquiring an additional 7,147 shares during the last quarter. Sterling Capital Management LLC grew its holdings in Universal Display by 35.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,767 shares of the semiconductor company’s stock worth $258,000 after acquiring an additional 458 shares during the last quarter. Inspire Investing LLC bought a new stake in Universal Display in the 4th quarter worth $462,000. Finally, Slow Capital Inc. grew its holdings in Universal Display by 15.9% in the 4th quarter. Slow Capital Inc. now owns 27,065 shares of the semiconductor company’s stock worth $3,957,000 after acquiring an additional 3,714 shares during the last quarter. Institutional investors own 78.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OLED. The Goldman Sachs Group cut their price target on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Susquehanna cut their target price on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Roth Mkm lifted their target price on shares of Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research note on Friday, February 21st. StockNews.com raised shares of Universal Display from a “sell” rating to a “hold” rating in a research note on Friday, May 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $170.00 target price on shares of Universal Display in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.43.

Universal Display Price Performance

Shares of NASDAQ OLED opened at $151.11 on Wednesday. Universal Display Co. has a 1 year low of $103.70 and a 1 year high of $237.00. The stock has a market cap of $7.18 billion, a P/E ratio of 32.50, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46. The firm has a 50-day moving average of $134.80 and a 200 day moving average of $147.98.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.28. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The company had revenue of $166.28 million during the quarter, compared to analysts’ expectations of $154.76 million. During the same period last year, the company posted $1.19 EPS. Universal Display’s revenue was up .6% on a year-over-year basis. Research analysts expect that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.19%. Universal Display’s dividend payout ratio (DPR) is currently 37.42%.

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.