Universal Display Co. (NASDAQ:OLED) Shares Acquired by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. boosted its holdings in Universal Display Co. (NASDAQ:OLED) by 280.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 209 shares of the semiconductor company’s stock after acquiring an additional 154 shares during the period. Brown Brothers Harriman & Co.’s holdings in Universal Display were worth $31,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of Universal Display by 401.9% in the fourth 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 grew its holdings in Universal Display by 761.1% during the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 274 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Universal Display by 185.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company’s stock worth $52,000 after buying an additional 232 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Universal Display by 2,005.9% in the fourth quarter. Jones Financial Companies Lllp now owns 358 shares of the semiconductor company’s stock worth $52,000 after acquiring an additional 341 shares during the last quarter. Finally, Quarry LP lifted its position in shares of Universal Display by 1,347.8% in the third quarter. Quarry LP now owns 333 shares of the semiconductor company’s stock valued at $70,000 after acquiring an additional 310 shares in the last quarter. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Universal Display Trading Up 0.0 %

Shares of OLED opened at $138.90 on Thursday. The stock’s fifty day simple moving average is $148.87 and its 200 day simple moving average is $166.68. Universal Display Co. has a twelve month low of $132.01 and a twelve month high of $237.00. The firm has a market capitalization of $6.59 billion, a P/E ratio of 29.87, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40.

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

Universal Display Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Monday, March 17th. This is an increase from Universal Display’s previous quarterly dividend of $0.40. Universal Display’s dividend payout ratio (DPR) is currently 38.71%.

Analyst Ratings Changes

Several brokerages recently weighed in on OLED. Susquehanna cut 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 note on Friday, February 21st. Citigroup reduced their price objective on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. The Goldman Sachs Group lowered their target price on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Roth Mkm increased their price target 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, Needham & Company LLC lowered their price objective on Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $190.43.

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.