Y Intercept Hong Kong Ltd Purchases Shares of 11,321 Universal Display Co. (NASDAQ:OLED)

Y Intercept Hong Kong Ltd purchased a new stake in Universal Display Co. (NASDAQ:OLED) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,321 shares of the semiconductor company’s stock, valued at approximately $1,655,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. purchased a new stake in Universal Display in the 3rd quarter valued at about $29,000. Brooklyn Investment Group purchased a new stake in shares of Universal Display during the 3rd quarter worth about $30,000. Nisa Investment Advisors LLC grew its holdings in shares of Universal Display by 60.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 65 shares during the period. True Wealth Design LLC purchased a new stake in shares of Universal Display during the 3rd quarter worth about $36,000. Finally, 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 worth $38,000 after purchasing an additional 209 shares during the period. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Wall Street Analyst Weigh In

OLED has been the subject of a number of research reports. Citigroup decreased their target price on Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Needham & Company LLC decreased their target price on Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 21st. Susquehanna decreased their target price on Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, February 21st. TD Cowen decreased their target price on Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Roth Mkm boosted their target price on Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $190.43.

Universal Display Stock Down 0.4 %

NASDAQ OLED opened at $157.32 on Wednesday. The stock has a market cap of $7.47 billion, a PE ratio of 33.83, a P/E/G ratio of 1.61 and a beta of 1.39. Universal Display Co. has a fifty-two week low of $140.17 and a fifty-two week high of $237.00. The business has a 50 day moving average price of $148.42 and a two-hundred day moving average price of $173.76.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. The firm had revenue of $162.29 million during the quarter, compared to analysts’ expectations of $152.75 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. Sell-side analysts anticipate that Universal Display Co. will post 4.71 EPS 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. Shareholders of record on Monday, March 17th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.14%. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, March 17th. Universal Display’s dividend payout ratio is presently 38.71%.

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.