Universal Display Corporation $OLED Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd grew its holdings in Universal Display Corporation (NASDAQ:OLED) by 20.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 49,930 shares of the semiconductor company’s stock after acquiring an additional 8,505 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Universal Display were worth $7,171,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Focus Partners Wealth raised its stake in Universal Display by 6.4% during the 1st quarter. Focus Partners Wealth now owns 3,680 shares of the semiconductor company’s stock valued at $513,000 after acquiring an additional 221 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Universal Display by 79.2% in the second quarter. Farther Finance Advisors LLC now owns 276 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 122 shares during the period. GAMMA Investing LLC raised its stake in shares of Universal Display by 87.2% during the second quarter. GAMMA Investing LLC now owns 1,801 shares of the semiconductor company’s stock worth $278,000 after purchasing an additional 839 shares during the last quarter. Norden Group LLC acquired a new stake in shares of Universal Display during the second quarter worth $207,000. Finally, HB Wealth Management LLC purchased a new position in Universal Display in the 2nd quarter valued at $236,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on OLED. Needham & Company LLC restated a “buy” rating and set a $150.00 price objective on shares of Universal Display in a research report on Monday, December 22nd. Zacks Research lowered shares of Universal Display from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Wall Street Zen upgraded shares of Universal Display from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Universal Display in a report on Wednesday, December 24th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Universal Display presently has a consensus rating of “Hold” and a consensus target price of $177.60.

Universal Display Trading Up 1.2%

OLED stock opened at $120.10 on Friday. The company’s 50-day moving average price is $118.91 and its 200 day moving average price is $134.58. Universal Display Corporation has a 52 week low of $103.70 and a 52 week high of $164.29. The company has a market cap of $5.71 billion, a P/E ratio of 25.88, a P/E/G ratio of 3.38 and a beta of 1.62.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.27). The company had revenue of $139.61 million for the quarter, compared to analyst estimates of $165.56 million. Universal Display had a net margin of 34.65% and a return on equity of 14.10%. Universal Display’s revenue was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.40 earnings per share. On average, equities research analysts expect that Universal Display Corporation will post 4.71 earnings per share for the current year.

Universal Display Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were given a $0.45 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.5%. Universal Display’s dividend payout ratio (DPR) is currently 38.79%.

About Universal Display

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.