Magnetar Financial LLC Takes $695,000 Position in Universal Display Co. (NASDAQ:OLED)

Magnetar Financial LLC bought a new stake in Universal Display Co. (NASDAQ:OLED) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,752 shares of the semiconductor company’s stock, valued at approximately $695,000.

Other large investors also recently modified their holdings of the company. Xponance Inc. increased its position in shares of Universal Display by 7.1% during the fourth quarter. Xponance Inc. now owns 7,963 shares of the semiconductor company’s stock valued at $1,164,000 after acquiring an additional 530 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Universal Display by 49.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 207,737 shares of the semiconductor company’s stock valued at $30,371,000 after acquiring an additional 68,722 shares during the last quarter. Natixis Advisors LLC increased its position in shares of Universal Display by 12.9% during the fourth quarter. Natixis Advisors LLC now owns 16,347 shares of the semiconductor company’s stock valued at $2,390,000 after acquiring an additional 1,870 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Universal Display by 0.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company’s stock valued at $1,475,000 after acquiring an additional 90 shares during the last quarter. Finally, Impact Capital Partners LLC purchased a new stake in shares of Universal Display during the fourth quarter valued at approximately $276,000. Institutional investors own 78.19% of the company’s stock.

Universal Display Price Performance

Universal Display stock opened at $148.50 on Friday. Universal Display Co. has a one year low of $140.17 and a one year high of $237.00. The business has a fifty day moving average price of $149.09 and a 200-day moving average price of $169.49. The firm has a market capitalization of $7.05 billion, a P/E ratio of 31.94, a PEG ratio of 1.61 and a beta of 1.40.

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

Universal Display Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.45 dividend. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Monday, March 17th. Universal Display’s dividend payout ratio (DPR) is presently 38.71%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Susquehanna decreased their price target on Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Oppenheimer decreased their price target on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, January 2nd. The Goldman Sachs Group decreased their target price on Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Needham & Company LLC decreased their target price on Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, StockNews.com raised Universal Display from a “sell” rating to a “hold” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $190.43.

Universal Display Company 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.