Universal Display Corporation $OLED is Greenhouse Funds LLLP’s 6th Largest Position

Greenhouse Funds LLLP grew its position in Universal Display Corporation (NASDAQ:OLED) by 12.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 725,278 shares of the semiconductor company’s stock after acquiring an additional 81,132 shares during the quarter. Universal Display accounts for 3.8% of Greenhouse Funds LLLP’s portfolio, making the stock its 6th biggest holding. Greenhouse Funds LLLP owned approximately 1.53% of Universal Display worth $104,172,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in Universal Display by 309.8% during the third quarter. Smartleaf Asset Management LLC now owns 209 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 158 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Universal Display by 236.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 202 shares of the semiconductor company’s stock worth $31,000 after buying an additional 142 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Universal Display in the 3rd quarter worth $37,000. Atlantic Union Bankshares Corp bought a new stake in shares of Universal Display in the 2nd quarter worth about $39,000. Finally, Rise Advisors LLC increased its holdings in shares of Universal Display by 53.3% in the 3rd quarter. Rise Advisors LLC now owns 299 shares of the semiconductor company’s stock worth $43,000 after buying an additional 104 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors.

Universal Display Trading Up 1.9%

OLED stock opened at $98.46 on Thursday. The stock has a market cap of $4.64 billion, a PE ratio of 19.42, a P/E/G ratio of 7.44 and a beta of 1.65. Universal Display Corporation has a 12 month low of $93.50 and a 12 month high of $163.21. The company has a 50-day moving average price of $115.74 and a 200 day moving average price of $126.89.

Universal Display (NASDAQ:OLED) last posted 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. The company had revenue of $172.93 million for the quarter, compared to analyst estimates of $173.35 million. Universal Display had a net margin of 37.21% and a return on equity of 14.07%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.22 EPS. Sell-side analysts forecast that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, March 17th. This is a positive change from Universal Display’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 2.0%. Universal Display’s dividend payout ratio (DPR) is currently 35.50%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on OLED shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Universal Display in a report on Wednesday, December 24th. Citigroup decreased their price objective 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. Needham & Company LLC lowered their price objective on Universal Display from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Wall Street Zen upgraded Universal Display from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Finally, Zacks Research downgraded Universal Display from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Two research 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 company currently has an average rating of “Hold” and an average price target of $151.67.

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.