Aquatic Capital Management LLC Boosts Stake in Universal Display Corporation $OLED

Aquatic Capital Management LLC raised its holdings in Universal Display Corporation (NASDAQ:OLED) by 891.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,588 shares of the semiconductor company’s stock after acquiring an additional 25,705 shares during the period. Aquatic Capital Management LLC owned approximately 0.06% of Universal Display worth $4,106,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of OLED. Algert Global LLC increased its position in shares of Universal Display by 18.0% in the third quarter. Algert Global LLC now owns 26,640 shares of the semiconductor company’s stock worth $3,826,000 after purchasing an additional 4,060 shares during the last quarter. Alliancebernstein L.P. grew its stake in Universal Display by 0.4% in the 3rd quarter. Alliancebernstein L.P. now owns 58,255 shares of the semiconductor company’s stock worth $8,367,000 after buying an additional 255 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Universal Display by 7.4% in the 3rd quarter. Lazard Asset Management LLC now owns 2,761 shares of the semiconductor company’s stock worth $397,000 after buying an additional 191 shares during the last quarter. Polar Asset Management Partners Inc. raised its position in shares of Universal Display by 21.4% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 186,792 shares of the semiconductor company’s stock valued at $26,829,000 after buying an additional 32,955 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Universal Display by 7.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,058 shares of the semiconductor company’s stock valued at $1,876,000 after buying an additional 858 shares in the last quarter. Institutional investors own 78.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OLED. Zacks Research lowered shares of Universal Display from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Citigroup lowered their price target on Universal Display from $150.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 27th. Wall Street Zen raised Universal Display from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Roth Mkm reiterated a “buy” rating and issued a $180.00 price objective on shares of Universal Display in a report on Friday, February 20th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Universal Display in a research report on Wednesday, December 24th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $151.67.

Universal Display Stock Up 1.6%

NASDAQ OLED opened at $95.58 on Tuesday. The company has a 50-day simple moving average of $114.19 and a two-hundred day simple moving average of $125.78. Universal Display Corporation has a 12-month low of $93.03 and a 12-month high of $163.21. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 7.39 and a beta of 1.65.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, February 19th. The semiconductor company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.28 by $0.11. The firm had revenue of $172.93 million for the quarter, compared to the consensus estimate of $173.35 million. Universal Display had a return on equity of 14.07% and a net margin of 37.21%.The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.22 earnings per share. Equities analysts expect that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $0.50 dividend. The ex-dividend date is Tuesday, March 17th. This is an increase from Universal Display’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 2.1%. Universal Display’s dividend payout ratio is presently 35.50%.

Universal Display Company Profile

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.