Scientech Research LLC Acquires 4,380 Shares of Universal Display Co. (NASDAQ:OLED)

Scientech Research LLC grew its position in Universal Display Co. (NASDAQ:OLED) by 123.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,937 shares of the semiconductor company’s stock after purchasing an additional 4,380 shares during the period. Scientech Research LLC’s holdings in Universal Display were worth $1,160,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in OLED. Barclays PLC raised 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 purchasing an additional 187,627 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of Universal Display by 24.3% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 1,674 shares of the semiconductor company’s stock valued at $245,000 after purchasing an additional 327 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Universal Display by 627.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 78,351 shares of the semiconductor company’s stock valued at $11,455,000 after purchasing an additional 67,583 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of Universal Display by 20.0% in the fourth quarter. Park Avenue Securities LLC now owns 1,725 shares of the semiconductor company’s stock valued at $252,000 after purchasing an additional 288 shares during the last quarter. Finally, Empirical Asset Management LLC purchased a new stake in shares of Universal Display in the fourth quarter valued at about $388,000. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Wall Street Analysts Forecast Growth

OLED has been the subject of several analyst reports. Roth Mkm increased their target price on shares of Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. Needham & Company LLC restated a “buy” rating and set a $170.00 price objective on shares of Universal Display in a report on Friday, May 2nd. The Goldman Sachs Group decreased their price objective on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Susquehanna decreased their price objective on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Finally, Citigroup decreased their price objective on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Universal Display has a consensus rating of “Moderate Buy” and a consensus price target of $190.43.

Universal Display Trading Up 1.6%

OLED stock opened at $155.51 on Friday. The firm has a 50 day moving average of $134.67 and a 200-day moving average of $148.75. Universal Display Co. has a 12 month low of $103.70 and a 12 month high of $237.00. The firm has a market capitalization of $7.39 billion, a P/E ratio of 33.44, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46.

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

Universal Display Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 annualized dividend and a yield of 1.16%. Universal Display’s payout ratio is presently 37.42%.

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.