Universal Display Co. (NASDAQ:OLED) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers boosted its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 17.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,834 shares of the semiconductor company’s stock after acquiring an additional 993 shares during the period. Cetera Investment Advisers’ holdings in Universal Display were worth $999,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its position in shares of Universal Display by 37.2% in the fourth quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company’s stock valued at $3,983,000 after buying an additional 7,390 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Universal Display by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company’s stock valued at $49,857,000 after buying an additional 7,147 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of Universal Display by 35.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,767 shares of the semiconductor company’s stock valued at $258,000 after buying an additional 458 shares during the last quarter. Inspire Investing LLC acquired a new position in shares of Universal Display in the fourth quarter valued at approximately $462,000. Finally, Slow Capital Inc. increased its position in Universal Display by 15.9% during the fourth quarter. Slow Capital Inc. now owns 27,065 shares of the semiconductor company’s stock worth $3,957,000 after purchasing an additional 3,714 shares during the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

Analysts Set New Price Targets

OLED has been the subject of several research analyst reports. Susquehanna dropped their price target on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. The Goldman Sachs Group dropped their price target on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $170.00 price target on shares of Universal Display in a research report on Friday, May 2nd. Wall Street Zen raised shares of Universal Display from a “sell” rating to a “hold” rating in a research report on Friday, May 2nd. Finally, Citigroup dropped their price target on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Universal Display has an average rating of “Moderate Buy” and an average target price of $190.43.

Universal Display Stock Down 1.7%

OLED stock opened at $143.01 on Friday. Universal Display Co. has a fifty-two week low of $103.70 and a fifty-two week high of $237.00. The firm’s 50-day simple moving average is $134.23 and its 200 day simple moving average is $147.47. The stock has a market cap of $6.80 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46.

Universal Display (NASDAQ:OLED) last announced its 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. The firm had revenue of $166.28 million during the quarter, compared to analyst estimates of $154.76 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. Universal Display’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.19 EPS. Equities analysts forecast that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 annualized dividend and a dividend yield of 1.26%. Universal Display’s dividend payout ratio (DPR) is 37.42%.

Universal Display 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.