Universal Display Co. (NASDAQ:OLED) Shares Acquired by Hardman Johnston Global Advisors LLC

Hardman Johnston Global Advisors LLC increased its stake in shares of Universal Display Co. (NASDAQ:OLED) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 244,862 shares of the semiconductor company’s stock after purchasing an additional 9,465 shares during the quarter. Universal Display accounts for approximately 1.5% of Hardman Johnston Global Advisors LLC’s holdings, making the stock its 23rd biggest position. Hardman Johnston Global Advisors LLC owned approximately 0.52% of Universal Display worth $35,799,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OLED. Glenmede Trust Co. NA boosted its holdings in Universal Display by 1.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock valued at $1,269,000 after purchasing an additional 97 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Universal Display by 8.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 52,713 shares of the semiconductor company’s stock valued at $11,064,000 after buying an additional 4,269 shares during the period. Montanaro Asset Management Ltd grew its holdings in Universal Display by 217.4% during the third quarter. Montanaro Asset Management Ltd now owns 63,260 shares of the semiconductor company’s stock worth $13,278,000 after acquiring an additional 43,330 shares during the period. Cerity Partners LLC grew its holdings in Universal Display by 385.2% during the third quarter. Cerity Partners LLC now owns 8,588 shares of the semiconductor company’s stock worth $1,803,000 after acquiring an additional 6,818 shares during the period. Finally, Pacer Advisors Inc. raised its position in Universal Display by 37.2% in the fourth quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company’s stock worth $3,983,000 after acquiring an additional 7,390 shares in the last quarter. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group cut their price target on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a report on Thursday, February 6th. TD Cowen reduced their price target on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Roth Mkm upped their price target on Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a report on Friday. Susquehanna dropped their price objective on Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Needham & Company LLC lowered their target price on Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $190.43.

Universal Display Stock Performance

Shares of NASDAQ:OLED opened at $157.30 on Monday. The business’s fifty day moving average price is $148.41 and its two-hundred day moving average price is $173.91. The stock has a market cap of $7.47 billion, a PE ratio of 33.83, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39. Universal Display Co. has a one year low of $140.17 and a one year high of $237.00.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. The firm had revenue of $162.29 million during the quarter, compared to analysts’ expectations of $152.75 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. As a group, equities research analysts predict that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.45 per share. This is an increase from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, March 17th. This represents a $1.80 annualized dividend and a dividend yield of 1.14%. Universal Display’s dividend payout ratio is presently 38.71%.

Universal Display Profile

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.