BNP Paribas Financial Markets Buys 49,110 Shares of Universal Display Corporation $OLED

BNP Paribas Financial Markets boosted its stake in Universal Display Corporation (NASDAQ:OLED) by 34.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 190,644 shares of the semiconductor company’s stock after acquiring an additional 49,110 shares during the period. BNP Paribas Financial Markets owned 0.40% of Universal Display worth $22,263,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in Universal Display in the fourth quarter valued at approximately $92,756,000. Eurizon Capital SGR S.p.A. bought a new stake in Universal Display in the fourth quarter valued at approximately $75,000. Future Fund LLC bought a new stake in Universal Display in the fourth quarter valued at approximately $1,985,000. LHM Inc. boosted its holdings in Universal Display by 2.1% in the fourth quarter. LHM Inc. now owns 74,552 shares of the semiconductor company’s stock valued at $8,706,000 after acquiring an additional 1,510 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings in Universal Display by 7.6% in the fourth quarter. Intech Investment Management LLC now owns 154,331 shares of the semiconductor company’s stock valued at $18,023,000 after acquiring an additional 10,963 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors.

Universal Display Stock Down 4.5%

Shares of NASDAQ OLED opened at $86.11 on Friday. Universal Display Corporation has a 52 week low of $83.64 and a 52 week high of $163.21. The business has a 50-day simple moving average of $93.31 and a two-hundred day simple moving average of $106.93. The company has a market cap of $4.03 billion, a P/E ratio of 19.22 and a beta of 1.54.

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). Universal Display had a return on equity of 12.34% and a net margin of 34.08%.The business had revenue of $142.21 million during the quarter, compared to analysts’ expectations of $161.23 million. During the same quarter last year, the business posted $1.35 EPS. The company’s quarterly revenue was down 14.5% on a year-over-year basis. Equities research analysts anticipate that Universal Display Corporation will post 4.23 EPS for the current 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 given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, June 16th. Universal Display’s dividend payout ratio (DPR) is 44.64%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OLED. Zacks Research lowered Universal Display from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group set a $135.00 price target on Universal Display in a research note on Tuesday, April 21st. Wall Street Zen raised Universal Display from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Oppenheimer dropped their price target on 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, Citigroup dropped their price target on Universal Display from $105.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $130.60.

Universal Display 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.