Universal Display Corporation $OLED Position Boosted by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of Universal Display Corporation (NASDAQ:OLED) by 25.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,109,077 shares of the semiconductor company’s stock after purchasing an additional 222,108 shares during the period. Geode Capital Management LLC owned approximately 2.33% of Universal Display worth $129,537,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Lido Advisors LLC lifted its stake in Universal Display by 1.7% during the third quarter. Lido Advisors LLC now owns 5,783 shares of the semiconductor company’s stock valued at $831,000 after buying an additional 95 shares in the last quarter. Sigma Planning Corp lifted its stake in Universal Display by 1.0% during the fourth quarter. Sigma Planning Corp now owns 10,390 shares of the semiconductor company’s stock valued at $1,210,000 after buying an additional 103 shares in the last quarter. Certuity LLC lifted its stake in Universal Display by 4.3% during the third quarter. Certuity LLC now owns 2,556 shares of the semiconductor company’s stock valued at $367,000 after buying an additional 105 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in shares of Universal Display by 2.8% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,869 shares of the semiconductor company’s stock worth $452,000 after purchasing an additional 107 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Universal Display by 5.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,999 shares of the semiconductor company’s stock worth $287,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 78.19% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on OLED. Needham & Company LLC reduced their price target on shares of Universal Display from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Citigroup cut 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. Wall Street Zen raised shares of Universal Display from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. 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 note on Friday, May 1st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Universal Display in a research note on Monday, March 23rd. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $130.60.

Universal Display Stock Performance

NASDAQ OLED opened at $90.20 on Friday. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 20.13 and a beta of 1.54. The stock’s 50 day moving average price is $93.53 and its two-hundred day moving average price is $107.08. Universal Display Corporation has a 52 week low of $83.64 and a 52 week high of $163.21.

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

Universal Display Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. Universal Display’s dividend payout ratio is currently 44.64%.

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.