Universal Display Corporation $OLED Shares Bought by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd grew its holdings in shares of Universal Display Corporation (NASDAQ:OLED) by 20.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,930 shares of the semiconductor company’s stock after purchasing an additional 8,505 shares during the period. UniSuper Management Pty Ltd owned about 0.11% of Universal Display worth $7,171,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Whittier Trust Co. purchased a new stake in shares of Universal Display during the second quarter worth $30,000. Parkside Financial Bank & Trust grew its stake in Universal Display by 236.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 202 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 142 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Universal Display during the 2nd quarter worth about $39,000. Farther Finance Advisors LLC increased its holdings in Universal Display by 79.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 276 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 122 shares during the period. Finally, Rise Advisors LLC raised its position in Universal Display by 53.3% in the 3rd quarter. Rise Advisors LLC now owns 299 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OLED. Zacks Research lowered shares of Universal Display from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Needham & Company LLC reiterated a “buy” rating and set a $150.00 price target on shares of Universal Display in a report on Monday, December 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Universal Display in a research report on Wednesday, December 24th. Finally, Wall Street Zen upgraded shares of Universal Display from a “sell” rating to a “hold” rating in a report on Friday. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $177.60.

Universal Display Trading Up 1.2%

Shares of NASDAQ:OLED opened at $120.10 on Friday. The firm has a 50 day simple moving average of $118.91 and a 200-day simple moving average of $134.58. Universal Display Corporation has a twelve month low of $103.70 and a twelve month high of $164.29. The company has a market capitalization of $5.71 billion, a PE ratio of 25.88, a P/E/G ratio of 3.38 and a beta of 1.62.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.27). Universal Display had a return on equity of 14.10% and a net margin of 34.65%.The company had revenue of $139.61 million for the quarter, compared to analyst estimates of $165.56 million. During the same quarter in the prior year, the business earned $1.40 earnings per share. Universal Display’s revenue was down 13.6% compared to the same quarter last year. As a group, equities research analysts predict that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were given a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.5%. Universal Display’s dividend payout ratio is 38.79%.

About Universal Display

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.