Systematic Financial Management LP Increases Stake in Universal Display Co. (NASDAQ:OLED)

Systematic Financial Management LP lifted its position in shares of Universal Display Co. (NASDAQ:OLED) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 128,357 shares of the semiconductor company’s stock after purchasing an additional 2,266 shares during the period. Systematic Financial Management LP owned about 0.27% of Universal Display worth $18,766,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Universal Display in the fourth quarter valued at about $95,924,000. Raymond James Financial Inc. acquired a new position in Universal Display during the fourth quarter worth about $41,504,000. Point72 Asset Management L.P. acquired a new position in Universal Display during the fourth quarter worth about $38,981,000. Jennison Associates LLC grew its position in Universal Display by 58.2% during the fourth quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company’s stock worth $99,975,000 after buying an additional 251,557 shares during the period. Finally, Barclays PLC grew its position in Universal Display by 753.8% during the third quarter. Barclays PLC now owns 212,518 shares of the semiconductor company’s stock worth $44,608,000 after buying an additional 187,627 shares during the period. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Stock Performance

Shares of NASDAQ OLED opened at $155.51 on Friday. Universal Display Co. has a 1 year low of $103.70 and a 1 year high of $237.00. The firm’s 50 day moving average price is $134.67 and its 200 day moving average price is $148.75. The firm has a market cap 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 announced its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $166.28 million for the quarter, compared to analyst estimates of $154.76 million. During the same quarter last year, the business earned $1.19 earnings per share. Universal Display’s revenue was up .6% compared to the same quarter last year. As a group, equities analysts predict that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Monday, June 16th. Universal Display’s dividend payout ratio is currently 37.42%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Susquehanna lowered their target price on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Citigroup lowered their price target on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. StockNews.com upgraded shares of Universal Display from a “sell” rating to a “hold” rating in a research report on Friday, May 2nd. Roth Mkm increased their price target 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. Finally, The Goldman Sachs Group lowered their price target on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently 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.