SRS Capital Advisors Inc. Has $120,000 Stock Holdings in Universal Display Co. (NASDAQ:OLED)

SRS Capital Advisors Inc. boosted its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 95.7% during the 4th quarter, Holdings Channel reports. The institutional investor 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 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of OLED. Nisa Investment Advisors LLC grew its stake in Universal Display by 60.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 65 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Universal Display by 5.2% during 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% during the third quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock valued at $1,269,000 after purchasing an additional 97 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in 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 during the period. Finally, OLD National Bancorp IN lifted its position in Universal Display by 4.3% in 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 hedge funds and other institutional investors.

Universal Display Stock Performance

OLED opened at $152.76 on Thursday. The company has a market cap of $7.25 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39. The stock has a 50-day moving average of $148.55 and a 200-day moving average of $172.73. Universal Display Co. has a 52-week low of $140.17 and a 52-week high of $237.00.

Universal Display (NASDAQ:OLED) last announced its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (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 firm had revenue of $162.29 million during the quarter, compared to analysts’ expectations of $152.75 million. On average, research analysts predict that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.18%. The ex-dividend date is 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 38.71%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Oppenheimer lowered their price target on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, January 2nd. Needham & Company LLC lowered their target price on Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Susquehanna cut 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 lowered their price target on Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, Roth Mkm increased their price objective on Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $190.43.

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.