BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases 295 Shares of Universal Display Co. (NASDAQ:OLED)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Universal Display Co. (NASDAQ:OLED) by 17.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,000 shares of the semiconductor company’s stock after buying an additional 295 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Universal Display were worth $421,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of OLED. Norges Bank acquired a new stake in Universal Display in the 4th quarter worth about $101,088,000. Janus Henderson Group PLC raised its position in shares of Universal Display by 66.6% in the first quarter. Janus Henderson Group PLC now owns 434,029 shares of the semiconductor company’s stock valued at $73,099,000 after buying an additional 173,496 shares in the last quarter. TimesSquare Capital Management LLC boosted its stake in shares of Universal Display by 327.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 198,899 shares of the semiconductor company’s stock valued at $38,041,000 after buying an additional 152,374 shares during the period. Van ECK Associates Corp grew its position in Universal Display by 33.5% during the first quarter. Van ECK Associates Corp now owns 360,714 shares of the semiconductor company’s stock worth $60,762,000 after buying an additional 90,530 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Universal Display by 20.7% during the 4th quarter. First Trust Advisors LP now owns 449,628 shares of the semiconductor company’s stock worth $85,996,000 after acquiring an additional 76,967 shares during the period. Institutional investors own 78.19% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Needham & Company LLC upped their target price on Universal Display from $198.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Susquehanna increased their price objective on shares of Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. The Goldman Sachs Group boosted their target price on shares of Universal Display from $208.00 to $243.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Oppenheimer upped their price target on shares of Universal Display from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, July 3rd. Finally, Roth Mkm lifted their price objective on shares of Universal Display from $189.00 to $217.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $225.88.

Universal Display Price Performance

Shares of Universal Display stock opened at $182.42 on Wednesday. The company’s 50 day moving average price is $203.03 and its two-hundred day moving average price is $183.65. The firm has a market capitalization of $8.65 billion, a P/E ratio of 39.66, a P/E/G ratio of 2.07 and a beta of 1.42. Universal Display Co. has a fifty-two week low of $133.67 and a fifty-two week high of $237.00.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.04). Universal Display had a net margin of 35.74% and a return on equity of 15.25%. The firm had revenue of $158.50 million for the quarter, compared to analyst estimates of $159.46 million. During the same period last year, the business earned $1.04 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. On average, analysts expect that Universal Display Co. will post 4.81 earnings per share for the current year.

Universal Display Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Monday, September 16th. Universal Display’s payout ratio is 34.78%.

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.