Universal Display Co. (NASDAQ:OLED) Stake Raised by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. lifted its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 95.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 822 shares of the semiconductor company’s stock after buying an additional 402 shares during the period. SRS Capital Advisors Inc.’s holdings in Universal Display were worth $120,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in OLED. Nisa Investment Advisors LLC grew its stake in shares of Universal Display by 60.2% in the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 65 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Universal Display by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company’s stock worth $215,000 after purchasing an additional 73 shares during the period. Glenmede Trust Co. NA grew its position in 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 increased its stake in Universal Display by 0.8% during 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 during the period. Finally, OLD National Bancorp IN raised 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 buying an additional 104 shares in the last quarter. 78.19% of the stock is owned by institutional investors.

Universal Display Stock Up 2.6 %

OLED opened at $152.76 on Thursday. The firm has a market cap of $7.25 billion, a PE ratio of 32.85, a P/E/G ratio of 1.61 and a beta of 1.39. The business has a fifty day simple moving average of $148.55 and a 200-day simple moving average of $172.73. Universal Display Co. has a fifty-two week low of $140.17 and a fifty-two week high of $237.00.

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

Universal Display Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.45 dividend. This is an increase from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Monday, March 17th. Universal Display’s dividend payout ratio (DPR) is 38.71%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Roth Mkm increased their price objective on shares of Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. Susquehanna decreased their price target on Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. The Goldman Sachs Group dropped their price objective on Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. 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 research note on Friday, February 21st. Finally, Oppenheimer dropped their price target on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average 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.