Linden Thomas Advisory Services LLC Raises Position in Universal Display Co. (NASDAQ:OLED)

Linden Thomas Advisory Services LLC increased its holdings in Universal Display Co. (NASDAQ:OLED) by 3.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,848 shares of the semiconductor company’s stock after acquiring an additional 469 shares during the quarter. Universal Display comprises 0.5% of Linden Thomas Advisory Services LLC’s investment portfolio, making the stock its 23rd biggest position. Linden Thomas Advisory Services LLC’s holdings in Universal Display were worth $2,840,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Universal Display during the fourth quarter valued at about $29,797,000. Albar Capital Ltd raised its position in Universal Display by 2,888.4% during the third quarter. Albar Capital Ltd now owns 157,728 shares of the semiconductor company’s stock valued at $24,762,000 after purchasing an additional 152,450 shares in the last quarter. FMR LLC raised its position in Universal Display by 10.6% during the third quarter. FMR LLC now owns 1,398,961 shares of the semiconductor company’s stock valued at $219,623,000 after purchasing an additional 134,000 shares in the last quarter. Crestwood Advisors Group LLC purchased a new stake in Universal Display during the third quarter valued at about $20,936,000. Finally, Great Lakes Advisors LLC purchased a new stake in Universal Display during the third quarter valued at about $14,016,000. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Universal Display Trading Up 1.6 %

Universal Display stock traded up $2.50 during trading hours on Tuesday, hitting $154.72. 159,843 shares of the stock traded hands, compared to its average volume of 279,562. The firm’s 50-day moving average price is $167.56 and its two-hundred day moving average price is $169.30. Universal Display Co. has a one year low of $125.98 and a one year high of $194.84. The company has a market cap of $7.33 billion, a PE ratio of 35.90, a PEG ratio of 1.63 and a beta of 1.45.

Universal Display (NASDAQ:OLED) last issued its quarterly 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 return on equity of 14.85% and a net margin of 35.22%. The firm had revenue of $158.32 million for the quarter, compared to analysts’ expectations of $161.08 million. During the same period in the previous year, the firm posted $1.36 EPS. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, sell-side analysts expect that Universal Display Co. will post 4.72 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.40 dividend. This is a boost from Universal Display’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Thursday, March 14th. Universal Display’s payout ratio is currently 37.74%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. TD Cowen raised their price target on Universal Display from $165.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Citigroup reiterated a “neutral” rating and issued a $180.00 price objective (up previously from $161.00) on shares of Universal Display in a report on Friday, January 19th. Oppenheimer restated an “outperform” rating and set a $200.00 price target (down previously from $210.00) on shares of Universal Display in a report on Friday, February 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $198.00 price objective on shares of Universal Display in a research report on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Universal Display presently has an average rating of “Moderate Buy” and an average target price of $199.86.

Universal Display Company 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.