9,983 Shares in Universal Display Co. (NASDAQ:OLED) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in Universal Display Co. (NASDAQ:OLED) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,983 shares of the semiconductor company’s stock, valued at approximately $1,460,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Brooklyn Investment Group acquired a new position in Universal Display in the third quarter worth $30,000. True Wealth Design LLC bought a new stake in Universal Display during the 3rd quarter worth about $36,000. Blue Trust Inc. increased its position in Universal Display by 401.9% in the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 209 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Universal Display by 761.1% in the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 274 shares during the last quarter. Finally, Quarry LP lifted its position in shares of Universal Display by 1,347.8% during the third quarter. Quarry LP now owns 333 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 310 shares in the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

Universal Display Price Performance

Shares of Universal Display stock opened at $145.17 on Monday. The business has a 50-day moving average of $149.47 and a two-hundred day moving average of $167.82. Universal Display Co. has a 1 year low of $140.17 and a 1 year high of $237.00. The company has a market capitalization of $6.89 billion, a P/E ratio of 31.22, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (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 analysts’ expectations of $152.75 million. On average, equities analysts anticipate that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given 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 yield of 1.24%. This is an increase from Universal Display’s previous quarterly dividend of $0.40. Universal Display’s dividend payout ratio (DPR) is 38.71%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OLED. The Goldman Sachs Group lowered their target price on Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Oppenheimer dropped their price objective on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, January 2nd. Needham & Company LLC reduced their target price on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. StockNews.com raised shares of Universal Display from a “sell” rating to a “hold” rating in a research note on Friday, March 21st. Finally, Susquehanna reduced their price objective on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.43.

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.