Lecap Asset Management Ltd. Buys Shares of 7,779 Universal Display Corporation $OLED

Lecap Asset Management Ltd. bought a new stake in Universal Display Corporation (NASDAQ:OLED) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,779 shares of the semiconductor company’s stock, valued at approximately $908,000.

Several other large investors have also recently bought and sold shares of the company. PFG Investments LLC increased its stake in Universal Display by 19.3% in the fourth quarter. PFG Investments LLC now owns 15,159 shares of the semiconductor company’s stock valued at $1,770,000 after purchasing an additional 2,448 shares in the last quarter. Bernardo Wealth Planning LLC acquired a new stake in shares of Universal Display during the fourth quarter worth $374,000. Farther Finance Advisors LLC raised its holdings in shares of Universal Display by 93.7% during the fourth quarter. Farther Finance Advisors LLC now owns 680 shares of the semiconductor company’s stock worth $79,000 after acquiring an additional 329 shares during the period. Deprince Race & Zollo Inc. raised its holdings in shares of Universal Display by 86.6% during the fourth quarter. Deprince Race & Zollo Inc. now owns 428,335 shares of the semiconductor company’s stock worth $50,021,000 after acquiring an additional 198,845 shares during the period. Finally, U.S. Capital Wealth Advisors LLC raised its holdings in shares of Universal Display by 2.8% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,869 shares of the semiconductor company’s stock worth $452,000 after acquiring an additional 107 shares during the period. Institutional investors own 78.19% of the company’s stock.

Universal Display Price Performance

Shares of NASDAQ OLED opened at $99.55 on Friday. The stock’s fifty day moving average price is $102.07 and its two-hundred day moving average price is $117.98. Universal Display Corporation has a one year low of $86.43 and a one year high of $163.21. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 8.04 and a beta of 1.65.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings data on Thursday, February 19th. The semiconductor company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.11. Universal Display had a return on equity of 14.07% and a net margin of 37.21%.The firm had revenue of $172.93 million for the quarter, compared to analyst estimates of $173.35 million. During the same period in the prior year, the firm posted $1.22 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts anticipate that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were paid a $0.50 dividend. This is a positive change from Universal Display’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, March 17th. This represents a $2.00 annualized dividend and a yield of 2.0%. Universal Display’s dividend payout ratio is presently 39.45%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Citigroup decreased their target price on shares of Universal Display from $130.00 to $105.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Roth Mkm reaffirmed a “buy” rating and issued a $180.00 target price on shares of Universal Display in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Universal Display in a research report on Monday, March 23rd. Wall Street Zen raised shares of Universal Display from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Finally, Needham & Company LLC decreased their target price on shares of Universal Display from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Universal Display has an average rating of “Hold” and a consensus target price of $143.33.

About Universal Display

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.