Polar Asset Management Partners Inc. Boosts Holdings in Universal Display Co. (NASDAQ:OLED)

Polar Asset Management Partners Inc. raised its stake in Universal Display Co. (NASDAQ:OLED) by 90.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,000 shares of the semiconductor company’s stock after purchasing an additional 56,900 shares during the period. Polar Asset Management Partners Inc.’s holdings in Universal Display were worth $17,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of Universal Display by 753.8% in the third quarter. Barclays PLC now owns 212,518 shares of the semiconductor company’s stock valued at $44,608,000 after acquiring an additional 187,627 shares during the period. Oak Thistle LLC increased its stake in shares of Universal Display by 192.5% during the 4th quarter. Oak Thistle LLC now owns 10,390 shares of the semiconductor company’s stock worth $1,519,000 after purchasing an additional 6,838 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of Universal Display by 24.3% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 1,674 shares of the semiconductor company’s stock valued at $245,000 after acquiring an additional 327 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Universal Display by 627.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 78,351 shares of the semiconductor company’s stock worth $11,455,000 after purchasing an additional 67,583 shares during the last quarter. Finally, Park Avenue Securities LLC grew its stake in Universal Display by 20.0% in the 4th quarter. Park Avenue Securities LLC now owns 1,725 shares of the semiconductor company’s stock worth $252,000 after acquiring an additional 288 shares during the period. Institutional investors and hedge funds own 78.19% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on OLED. StockNews.com upgraded Universal Display from a “sell” rating to a “hold” rating in a report on Friday, May 2nd. Needham & Company LLC reissued a “buy” rating and set a $170.00 target price on shares of Universal Display in a report on Friday, May 2nd. Susquehanna decreased 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 report on Friday, February 21st. Roth Mkm boosted their price objective on Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, The Goldman Sachs Group dropped their price target 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.43.

Universal Display Price Performance

Universal Display stock opened at $154.04 on Thursday. The firm has a market capitalization of $7.32 billion, a PE ratio of 33.13, a P/E/G ratio of 1.61 and a beta of 1.46. The company’s 50-day moving average is $134.61 and its 200-day moving average is $149.51. Universal Display Co. has a fifty-two week low of $103.70 and a fifty-two week high of $237.00.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.07 by $0.28. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The firm had revenue of $166.28 million for the quarter, compared to analyst estimates of $154.76 million. During the same period last year, the firm earned $1.19 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. As a group, analysts expect that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.17%. Universal Display’s dividend payout ratio (DPR) is presently 37.42%.

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.