Commonwealth Equity Services LLC Buys 90 Shares of Universal Display Co. (NASDAQ:OLED)

Commonwealth Equity Services LLC grew its stake in shares of Universal Display Co. (NASDAQ:OLED) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,091 shares of the semiconductor company’s stock after purchasing an additional 90 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Universal Display were worth $1,475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in shares of Universal Display by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 799,352 shares of the semiconductor company’s stock worth $167,825,000 after buying an additional 15,015 shares during the last quarter. Jennison Associates LLC lifted its stake in Universal Display by 58.2% in the fourth quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company’s stock worth $99,975,000 after acquiring an additional 251,557 shares during the period. Bank of New York Mellon Corp boosted its holdings in Universal Display by 10.7% in the fourth quarter. Bank of New York Mellon Corp now owns 437,592 shares of the semiconductor company’s stock valued at $63,976,000 after acquiring an additional 42,218 shares in the last quarter. Southpoint Capital Advisors LP increased its position in Universal Display by 46.0% during the 3rd quarter. Southpoint Capital Advisors LP now owns 365,000 shares of the semiconductor company’s stock valued at $76,614,000 after purchasing an additional 115,000 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Universal Display by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company’s stock worth $49,857,000 after purchasing an additional 7,147 shares in the last quarter. Institutional investors own 78.19% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on OLED. Roth Mkm lifted their target price on shares of Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research note on Friday, February 21st. StockNews.com raised Universal Display from a “sell” rating to a “hold” rating in a research report on Friday, March 21st. Citigroup decreased their target price 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. The Goldman Sachs Group dropped their price target on Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, Needham & Company LLC decreased their price objective on Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.43.

Universal Display Stock Performance

NASDAQ:OLED opened at $145.17 on Friday. The firm has a market cap of $6.89 billion, a P/E ratio of 31.22, a P/E/G ratio of 1.61 and a beta of 1.40. Universal Display Co. has a fifty-two week low of $140.17 and a fifty-two week high of $237.00. The firm has a 50-day simple moving average of $149.47 and a two-hundred day simple moving average of $168.06.

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, beating the consensus estimate of $1.08 by $0.14. The company had revenue of $162.29 million during the quarter, compared to the consensus estimate of $152.75 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. On average, equities research analysts predict that Universal Display Co. 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 Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.45 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.80 annualized dividend and a dividend yield of 1.24%. This is a boost from Universal Display’s previous quarterly dividend of $0.40. Universal Display’s payout ratio is currently 38.71%.

About Universal Display

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.