Virtu Financial LLC Invests $537,000 in Universal Display Co. (NASDAQ:OLED)

Virtu Financial LLC acquired a new stake in shares of Universal Display Co. (NASDAQ:OLED) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,670 shares of the semiconductor company’s stock, valued at approximately $537,000.

A number of other large investors also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in Universal Display during the third quarter valued at approximately $30,000. True Wealth Design LLC purchased a new stake in shares of Universal Display in the 3rd quarter valued at $36,000. Blue Trust Inc. grew its holdings in shares of Universal Display by 401.9% during the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 209 shares during the last quarter. Farther Finance Advisors LLC raised its position in Universal Display by 761.1% in the 4th 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, Quarry LP lifted its stake in Universal Display by 1,347.8% in the third quarter. Quarry LP now owns 333 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 310 shares during the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Trading Down 0.8 %

Shares of Universal Display stock opened at $152.30 on Wednesday. Universal Display Co. has a 12-month low of $140.17 and a 12-month high of $237.00. The company has a market cap of $7.23 billion, a P/E ratio of 32.75, a PEG ratio of 1.61 and a beta of 1.40. The company’s fifty day simple moving average is $149.39 and its two-hundred day simple moving average is $168.82.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.14. The company had revenue of $162.29 million for the quarter, compared to analysts’ expectations of $152.75 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. Analysts predict that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, March 17th. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.18%. Universal Display’s payout ratio is currently 38.71%.

Analyst Ratings Changes

Several research analysts have recently commented on OLED shares. Citigroup decreased their price objective on Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. StockNews.com upgraded Universal Display from a “sell” rating to a “hold” rating in a research report on Friday, March 21st. Oppenheimer dropped their price objective on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, January 2nd. Roth Mkm lifted their target price on shares of Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Susquehanna dropped their price target 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Universal Display has a consensus rating of “Moderate Buy” and an average target price of $190.43.

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.