1,193 Shares in Universal Display Co. (NASDAQ:OLED) Bought by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. purchased a new position in shares of Universal Display Co. (NASDAQ:OLED) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,193 shares of the semiconductor company’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new stake in shares of Universal Display in the 3rd quarter worth about $31,000. Rise Advisors LLC bought a new stake in shares of Universal Display in the 4th quarter worth about $57,000. Tyler Stone Wealth Management bought a new stake in shares of Universal Display in the 2nd quarter worth about $43,000. Brown Brothers Harriman & Co. bought a new stake in shares of Universal Display in the 1st quarter worth about $93,000. Finally, Fifth Third Bancorp increased its position in shares of Universal Display by 22.5% in the 3rd quarter. Fifth Third Bancorp now owns 593 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Universal Display Trading Down 1.3 %

Shares of NASDAQ:OLED opened at $151.97 on Thursday. The company has a 50 day moving average of $169.42 and a 200-day moving average of $169.29. The firm has a market cap of $7.20 billion, a P/E ratio of 35.84, a P/E/G ratio of 1.68 and a beta of 1.45. Universal Display Co. has a twelve month low of $125.98 and a twelve month high of $194.84.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, February 22nd. The semiconductor company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.11. Universal Display had a net margin of 35.22% and a return on equity of 14.85%. The business had revenue of $158.32 million for the quarter, compared to the consensus estimate of $161.08 million. During the same period in the previous year, the firm earned $1.36 EPS. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities research analysts forecast that Universal Display Co. will post 4.72 EPS for the current year.

Universal Display Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.05%. This is a positive change from Universal Display’s previous quarterly dividend of $0.35. Universal Display’s payout ratio is currently 37.74%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on OLED shares. TD Cowen lifted their price target on shares of Universal Display from $165.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Citigroup reissued a “neutral” rating and set a $180.00 target price (up from $161.00) on shares of Universal Display in a research note on Friday, January 19th. Needham & Company LLC reissued a “buy” rating and set a $198.00 target price on shares of Universal Display in a research note on Tuesday, March 26th. TheStreet raised shares of Universal Display from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st. Finally, Oppenheimer reissued an “outperform” rating and set a $200.00 target price (down from $210.00) on shares of Universal Display in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $199.86.

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.