Universal Display Co. (NASDAQ:OLED) Position Boosted by Xponance Inc.

Xponance Inc. boosted its holdings in Universal Display Co. (NASDAQ:OLED) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,963 shares of the semiconductor company’s stock after acquiring an additional 530 shares during the quarter. Xponance Inc.’s holdings in Universal Display were worth $1,164,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in OLED. Brooklyn Investment Group acquired a new position in shares of Universal Display in the 3rd quarter worth $30,000. True Wealth Design LLC purchased a new position in Universal Display during the third quarter valued at approximately $36,000. Blue Trust Inc. increased its stake in Universal Display by 401.9% in the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 209 shares during the period. Farther Finance Advisors LLC lifted its position in Universal Display by 761.1% in the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company’s stock worth $45,000 after buying an additional 274 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Universal Display by 185.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company’s stock valued at $52,000 after acquiring an additional 232 shares during the last quarter. Institutional investors own 78.19% of the company’s stock.

Universal Display Price Performance

Universal Display stock opened at $148.50 on Monday. Universal Display Co. has a 1 year low of $140.17 and a 1 year high of $237.00. The company has a market capitalization of $7.05 billion, a P/E ratio of 31.94, a P/E/G ratio of 1.61 and a beta of 1.40. The business has a 50 day moving average of $149.09 and a 200-day moving average of $169.28.

Universal Display (NASDAQ:OLED) last announced its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.14. The business had revenue of $162.29 million during the quarter, compared to analyst estimates of $152.75 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. Equities analysts anticipate that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, March 17th. This is a boost from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.21%. Universal Display’s dividend payout ratio is 38.71%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OLED. Roth Mkm boosted their price objective on shares of Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. The Goldman Sachs Group dropped their target price on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Citigroup reduced their price objective on Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Needham & Company LLC dropped their price objective on Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, Oppenheimer cut their price objective on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $190.43.

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.