7,854 Shares in Universal Display Corporation $OLED Acquired by AXQ Capital LP

AXQ Capital LP bought a new position in shares of Universal Display Corporation (NASDAQ:OLED) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,854 shares of the semiconductor company’s stock, valued at approximately $917,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OLED. Smartleaf Asset Management LLC raised its holdings in Universal Display by 309.8% during the third quarter. Smartleaf Asset Management LLC now owns 209 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 158 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Universal Display in the third quarter valued at $33,000. Jones Financial Companies Lllp increased its holdings in shares of Universal Display by 104.2% in the third quarter. Jones Financial Companies Lllp now owns 388 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 198 shares in the last quarter. RHL Group LLC bought a new position in shares of Universal Display in the fourth quarter valued at $60,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Universal Display in the second quarter valued at $62,000. Institutional investors own 78.19% of the company’s stock.

Analyst Ratings Changes

OLED has been the topic of several research analyst reports. Citigroup lowered their price objective on shares of Universal Display from $105.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Roth Mkm set a $168.00 price objective on shares of Universal Display in a research report on Friday, May 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Universal Display in a research report on Monday, March 23rd. Oppenheimer lowered their price objective on shares of Universal Display from $160.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Finally, Wall Street Zen upgraded shares of Universal Display from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $130.60.

Universal Display Trading Down 1.6%

Shares of NASDAQ:OLED opened at $93.79 on Wednesday. The stock has a market capitalization of $4.38 billion, a PE ratio of 20.94 and a beta of 1.54. Universal Display Corporation has a 1 year low of $83.64 and a 1 year high of $163.21. The firm has a fifty day moving average price of $93.73 and a 200 day moving average price of $107.64.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.37). The business had revenue of $142.21 million during the quarter, compared to the consensus estimate of $161.23 million. Universal Display had a return on equity of 12.34% and a net margin of 34.08%.The company’s revenue for the quarter was down 14.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.35 earnings per share. On average, sell-side analysts forecast that Universal Display Corporation will post 4.23 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 2.1%. Universal Display’s dividend payout ratio is currently 44.64%.

Universal Display Company Profile

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.