Olympiad Research LP Has $203,000 Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Olympiad Research LP decreased its holdings in Universal Display Co. (NASDAQ:OLED) by 45.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,391 shares of the semiconductor company’s stock after selling 1,182 shares during the quarter. Olympiad Research LP’s holdings in Universal Display were worth $203,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Nisa Investment Advisors LLC raised its stake in shares of Universal Display by 60.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 65 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Universal Display by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company’s stock valued at $215,000 after buying an additional 73 shares in the last quarter. Glenmede Trust Co. NA raised its stake in shares of Universal Display by 1.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock valued at $1,269,000 after buying an additional 97 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Universal Display by 0.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the semiconductor company’s stock valued at $1,798,000 after buying an additional 100 shares in the last quarter. Finally, OLD National Bancorp IN increased its position in shares of Universal Display by 4.3% during the 4th quarter. OLD National Bancorp IN now owns 2,527 shares of the semiconductor company’s stock worth $369,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on OLED shares. Oppenheimer dropped their target price on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, January 2nd. Roth Mkm increased their target price on shares of Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research report on Friday. Needham & Company LLC dropped their target price on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a research report on Friday. The Goldman Sachs Group dropped 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 report on Thursday, February 6th. Finally, Susquehanna dropped 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 report on Friday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Universal Display currently has an average rating of “Moderate Buy” and a consensus price target of $190.43.

Universal Display Stock Up 6.8 %

Shares of NASDAQ:OLED opened at $157.30 on Monday. Universal Display Co. has a 12 month low of $140.17 and a 12 month high of $237.00. The company’s 50-day moving average price is $148.41 and its two-hundred day moving average price is $173.91. The firm has a market cap of $7.47 billion, a P/E ratio of 33.83, a P/E/G ratio of 1.61 and a beta of 1.39.

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

Universal Display Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Monday, March 17th. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. Universal Display’s dividend payout ratio (DPR) is 38.71%.

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.