WINTON GROUP Ltd Increases Stake in Universal Display Co. (NASDAQ:OLED)

WINTON GROUP Ltd increased its holdings in Universal Display Co. (NASDAQ:OLED) by 25.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,988 shares of the semiconductor company’s stock after acquiring an additional 1,438 shares during the quarter. WINTON GROUP Ltd’s holdings in Universal Display were worth $1,022,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Universal Display by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,784,099 shares of the semiconductor company’s stock valued at $699,435,000 after purchasing an additional 67,590 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Universal Display by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 799,352 shares of the semiconductor company’s stock valued at $167,825,000 after acquiring an additional 15,015 shares during the period. Jennison Associates LLC raised its position in shares of Universal Display by 58.2% in the 4th quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company’s stock worth $99,975,000 after acquiring an additional 251,557 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Universal Display by 10.7% during the 4th quarter. Bank of New York Mellon Corp now owns 437,592 shares of the semiconductor company’s stock worth $63,976,000 after purchasing an additional 42,218 shares during the last quarter. Finally, Southpoint Capital Advisors LP boosted its position in Universal Display by 46.0% during the third quarter. Southpoint Capital Advisors LP now owns 365,000 shares of the semiconductor company’s stock valued at $76,614,000 after purchasing an additional 115,000 shares in the last quarter. 78.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

OLED has been the subject of several analyst reports. The Goldman Sachs Group decreased their price target on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Susquehanna lowered 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. Roth Mkm upped their price target on Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Citigroup dropped their target price on Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Finally, StockNews.com upgraded Universal Display from a “sell” rating to a “hold” rating in a research note on Friday, March 21st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $190.43.

Universal Display Price Performance

Shares of OLED stock opened at $145.17 on Friday. The business has a fifty day moving average of $149.47 and a 200 day moving average of $168.06. Universal Display Co. has a 1 year low of $140.17 and a 1 year high of $237.00. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping 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, equities research analysts expect that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.24%. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. Universal Display’s dividend payout ratio is presently 38.71%.

About Universal Display

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.