Gotham Asset Management LLC Purchases 87,049 Shares of Universal Display Corporation $OLED

Gotham Asset Management LLC increased its holdings in Universal Display Corporation (NASDAQ:OLED) by 88.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 185,829 shares of the semiconductor company’s stock after buying an additional 87,049 shares during the period. Gotham Asset Management LLC owned 0.39% of Universal Display worth $26,691,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Focus Partners Wealth increased its stake in Universal Display by 6.4% in the 1st quarter. Focus Partners Wealth now owns 3,680 shares of the semiconductor company’s stock worth $513,000 after acquiring an additional 221 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Universal Display by 516.3% during the second quarter. Allworth Financial LP now owns 2,009 shares of the semiconductor company’s stock worth $310,000 after purchasing an additional 1,683 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Universal Display by 7.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,356 shares of the semiconductor company’s stock worth $1,754,000 after purchasing an additional 805 shares during the last quarter. Creative Planning increased its position in shares of Universal Display by 12.7% in the second quarter. Creative Planning now owns 19,847 shares of the semiconductor company’s stock worth $3,066,000 after purchasing an additional 2,239 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in Universal Display by 15.3% in the second quarter. Cetera Investment Advisers now owns 11,153 shares of the semiconductor company’s stock valued at $1,723,000 after purchasing an additional 1,480 shares in the last quarter. Institutional investors own 78.19% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Needham & Company LLC dropped their target price on shares of Universal Display from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Zacks Research cut shares of Universal Display from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Roth Mkm reaffirmed a “buy” rating and set a $180.00 price objective on shares of Universal Display in a report on Friday, February 20th. Wall Street Zen upgraded shares of Universal Display from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Finally, Citigroup reduced their target price on Universal Display from $150.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 27th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Universal Display has an average rating of “Hold” and a consensus target price of $151.67.

Universal Display Price Performance

Shares of NASDAQ OLED opened at $95.58 on Tuesday. Universal Display Corporation has a one year low of $93.03 and a one year high of $163.21. The firm’s 50 day simple moving average is $114.19 and its two-hundred day simple moving average is $125.78. The stock has a market capitalization of $4.50 billion, a P/E ratio of 18.85, a PEG ratio of 7.39 and a beta of 1.65.

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

Universal Display Increases Dividend

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

Universal Display 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.