Universal Display Co. (NASDAQ:OLED) Stock Holdings Increased by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Universal Display Co. (NASDAQ:OLED) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,536,513 shares of the semiconductor company’s stock after purchasing an additional 69,043 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 5.34% of Universal Display worth $370,838,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. increased its stake in Universal Display by 280.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 154 shares during the period. Blue Trust Inc. increased its stake in shares of Universal Display by 401.9% during the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 209 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Universal Display during the fourth quarter worth approximately $40,000. Farther Finance Advisors LLC lifted its position in 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 purchasing an additional 274 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in Universal Display by 185.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 232 shares during the period. 78.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on OLED shares. The Goldman Sachs Group dropped their price objective on Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Oppenheimer dropped their price target on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, January 2nd. Roth Mkm raised their price objective on shares of Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Citigroup dropped their target price on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Finally, Needham & Company LLC reduced their target price on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Universal Display currently has a consensus rating of “Moderate Buy” and an average target price of $190.43.

Universal Display Price Performance

Shares of OLED opened at $113.98 on Friday. Universal Display Co. has a one year low of $103.70 and a one year high of $237.00. The company has a 50-day moving average of $139.96 and a two-hundred day moving average of $157.88. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 1.61 and a beta of 1.42.

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, beating analysts’ consensus estimates of $1.08 by $0.14. The company had revenue of $162.29 million during the quarter, compared to analyst estimates of $152.75 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. Analysts anticipate that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.45 per share. The ex-dividend date was Monday, March 17th. This is an increase from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.58%. 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.