Universal Display Co. (NASDAQ:OLED) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its holdings in Universal Display Co. (NASDAQ:OLED) by 761.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 310 shares of the semiconductor company’s stock after buying an additional 274 shares during the period. Farther Finance Advisors LLC’s holdings in Universal Display were worth $45,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of Universal Display during the third quarter worth about $30,000. True Wealth Design LLC acquired a new stake in shares of Universal Display during the third quarter worth about $36,000. Blue Trust Inc. increased its position in shares of Universal Display by 401.9% during the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 209 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Universal Display by 185.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 232 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of Universal Display by 2,005.9% during the fourth quarter. Jones Financial Companies Lllp now owns 358 shares of the semiconductor company’s stock worth $52,000 after buying an additional 341 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on OLED. StockNews.com raised Universal Display from a “sell” rating to a “hold” rating in a report on Friday. Needham & Company LLC lowered their price objective on Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. The Goldman Sachs Group reduced their price target on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Roth Mkm lifted their price target on shares of Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Susquehanna cut their price objective on Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $190.43.

Universal Display Stock Down 1.9 %

Shares of NASDAQ OLED opened at $148.50 on Monday. Universal Display Co. has a 52-week low of $140.17 and a 52-week high of $237.00. The firm has a fifty day moving average of $149.09 and a 200-day moving average of $169.28. The stock has a market capitalization of $7.05 billion, a PE ratio of 31.94, a P/E/G ratio of 1.61 and a beta of 1.40.

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

Universal Display Increases Dividend

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

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.