Bryce Point Capital LLC Invests $407,000 in Universal Display Co. (NASDAQ:OLED)

Bryce Point Capital LLC purchased a new stake in Universal Display Co. (NASDAQ:OLED) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,787 shares of the semiconductor company’s stock, valued at approximately $407,000.

Other hedge funds have also modified their holdings of the company. Pacer Advisors Inc. raised its holdings 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 purchasing an additional 7,390 shares during the period. Stifel Financial Corp increased its position in shares of Universal Display by 200.0% in the 3rd quarter. Stifel Financial Corp now owns 120,234 shares of the semiconductor company’s stock valued at $25,237,000 after buying an additional 80,162 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Universal Display by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company’s stock worth $49,857,000 after buying an additional 7,147 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Universal Display by 95.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 189,603 shares of the semiconductor company’s stock worth $27,720,000 after acquiring an additional 92,410 shares in the last quarter. Finally, Inspire Investing LLC acquired a new position in Universal Display in the fourth quarter valued at about $462,000. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Citigroup cut their price objective on Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group reduced 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. Roth Mkm raised their price objective on shares of Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Susquehanna reduced their target price on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Finally, Needham & Company LLC dropped their price target on Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $190.43.

Universal Display Price Performance

Universal Display stock opened at $113.42 on Friday. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 1.61 and a beta of 1.40. The firm has a 50-day moving average of $147.52 and a 200-day moving average of $165.72. Universal Display Co. has a one year low of $109.66 and a one year high of $237.00.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate 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, sell-side analysts expect that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.59%. This is an increase from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, March 17th. Universal Display’s 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.