Electron Capital Partners LLC trimmed its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 20.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,051 shares of the semiconductor company’s stock after selling 11,407 shares during the quarter. Universal Display accounts for approximately 1.3% of Electron Capital Partners LLC’s portfolio, making the stock its 18th biggest position. Electron Capital Partners LLC owned about 0.09% of Universal Display worth $7,605,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of OLED. Russell Investments Group Ltd. boosted its holdings in Universal Display by 198.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 66,709 shares of the semiconductor company’s stock valued at $8,595,000 after acquiring an additional 44,384 shares during the period. JPMorgan Chase & Co. boosted its holdings in Universal Display by 4,408.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,378 shares of the semiconductor company’s stock valued at $1,199,000 after acquiring an additional 9,170 shares during the period. Cerebellum GP LLC purchased a new position in Universal Display during the 4th quarter valued at about $129,000. UBS Asset Management Americas Inc. boosted its holdings in Universal Display by 48.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 396,713 shares of the semiconductor company’s stock valued at $68,492,000 after acquiring an additional 128,667 shares during the period. Finally, Sei Investments Co. boosted its holdings in Universal Display by 0.8% during the 3rd quarter. Sei Investments Co. now owns 88,859 shares of the semiconductor company’s stock valued at $11,449,000 after acquiring an additional 748 shares during the period. 63.24% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently commented on OLED. Zacks Investment Research upgraded Universal Display from a “hold” rating to a “buy” rating and set a $228.00 target price for the company in a report on Friday, January 19th. Evercore ISI began coverage on Universal Display in a report on Thursday, November 30th. They set an “outperform” rating and a $225.00 target price for the company. Deutsche Bank restated a “buy” rating and set a $190.00 target price on shares of Universal Display in a report on Thursday, January 25th. Susquehanna Bancshares raised their target price on Universal Display from $195.00 to $215.00 and gave the company a “positive” rating in a report on Friday, January 5th. Finally, BidaskClub cut Universal Display from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $167.09.
Universal Display Co. (NASDAQ:OLED) opened at $132.05 on Monday. The stock has a market capitalization of $6,210.00, a PE ratio of 53.68 and a beta of 1.08. Universal Display Co. has a 52 week low of $79.55 and a 52 week high of $209.00.
Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, February 22nd. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. The business had revenue of $115.87 million during the quarter, compared to analysts’ expectations of $99.55 million. Universal Display had a return on equity of 18.80% and a net margin of 30.95%. The business’s quarterly revenue was up 55.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. analysts expect that Universal Display Co. will post 2.66 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.18%. The ex-dividend date of this dividend is Wednesday, March 14th. This is a boost from Universal Display’s previous quarterly dividend of $0.03. Universal Display’s dividend payout ratio (DPR) is presently 4.88%.
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Universal Display Company Profile
Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers.
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