Vanguard Group Inc. Has $863.95 Million Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Vanguard Group Inc. increased its position in shares of Universal Display Co. (NASDAQ:OLED) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,517,141 shares of the semiconductor company’s stock after buying an additional 5,996 shares during the quarter. Vanguard Group Inc. owned 0.10% of Universal Display worth $863,948,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. acquired a new stake in Universal Display during the fourth quarter worth about $25,000. Principal Securities Inc. acquired a new stake in Universal Display during the fourth quarter worth about $34,000. University of Texas Texas AM Investment Managment Co. acquired a new stake in Universal Display during the fourth quarter worth about $35,000. Cape Investment Advisory Inc. grew its position in Universal Display by 1,977.8% during the fourth quarter. Cape Investment Advisory Inc. now owns 187 shares of the semiconductor company’s stock worth $36,000 after buying an additional 178 shares in the last quarter. Finally, Orion Capital Management LLC acquired a new stake in Universal Display during the third quarter worth about $31,000. 78.19% of the stock is owned by institutional investors and hedge funds.

Universal Display Price Performance

Shares of OLED opened at $209.42 on Friday. The company has a market capitalization of $9.93 billion, a P/E ratio of 45.53, a PEG ratio of 2.27 and a beta of 1.47. Universal Display Co. has a one year low of $133.67 and a one year high of $211.02. The business’s 50 day simple moving average is $175.68 and its 200-day simple moving average is $175.50.

Universal Display (NASDAQ:OLED) last announced its earnings results on Thursday, May 2nd. The semiconductor company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.05 by $0.14. The business had revenue of $165.26 million for the quarter, compared to the consensus estimate of $150.75 million. Universal Display had a return on equity of 15.57% and a net margin of 36.00%. Universal Display’s revenue was up 26.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 EPS. On average, sell-side analysts anticipate that Universal Display Co. will post 4.75 EPS for the current fiscal year.

Universal Display Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Friday, June 14th. Universal Display’s dividend payout ratio (DPR) is presently 34.78%.

Insider Buying and Selling

In related news, SVP Mauro Premutico sold 8,202 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $176.82, for a total value of $1,450,277.64. Following the completion of the transaction, the senior vice president now owns 28,743 shares in the company, valued at approximately $5,082,337.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Universal Display news, EVP Julia J. Brown sold 10,358 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $175.00, for a total transaction of $1,812,650.00. Following the completion of the sale, the executive vice president now owns 56,624 shares in the company, valued at approximately $9,909,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mauro Premutico sold 8,202 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $176.82, for a total transaction of $1,450,277.64. Following the sale, the senior vice president now owns 28,743 shares of the company’s stock, valued at approximately $5,082,337.26. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OLED. TD Cowen lifted their price objective on Universal Display from $165.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $198.00 price objective on shares of Universal Display in a report on Friday, May 3rd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $200.00 price objective (down from $210.00) on shares of Universal Display in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $199.86.

Universal Display 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.