Thrivent Financial for Lutherans Has $30.37 Million Stake in Universal Display Co. (NASDAQ:OLED)

Thrivent Financial for Lutherans boosted its stake in Universal Display Co. (NASDAQ:OLED) by 49.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,737 shares of the semiconductor company’s stock after buying an additional 68,722 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.44% of Universal Display worth $30,371,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of OLED. Brooklyn Investment Group acquired a new stake in Universal Display in the 3rd quarter valued at $30,000. True Wealth Design LLC acquired a new stake in Universal Display in the 3rd quarter valued at $36,000. Blue Trust Inc. boosted its stake in Universal Display by 401.9% in the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 209 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Universal Display by 761.1% in 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 in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in Universal Display by 185.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company’s stock valued at $52,000 after buying an additional 232 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Stock Down 1.9 %

OLED stock opened at $151.38 on Friday. The company has a market cap of $7.19 billion, a P/E ratio of 32.55, a PEG ratio of 1.61 and a beta of 1.40. Universal Display Co. has a twelve month low of $140.17 and a twelve month high of $237.00. The business has a fifty day moving average of $149.08 and a 200-day moving average of $169.80.

Universal Display (NASDAQ:OLED) last announced 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 return on equity of 15.51% and a net margin of 34.29%. The business had revenue of $162.29 million during the quarter, compared to analysts’ expectations of $152.75 million. As a group, equities research analysts anticipate that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, March 17th. This is a boost from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.19%. Universal Display’s payout ratio is 38.71%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Citigroup cut their price objective on Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. StockNews.com downgraded Universal Display from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. The Goldman Sachs Group cut their price objective on Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Roth Mkm lifted their price objective on Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Susquehanna cut their price objective on Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Universal Display currently has an average rating of “Moderate Buy” and an average price target 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.