American Century Companies Inc. Buys 426 Shares of Universal Display Co. (NASDAQ:OLED)

American Century Companies Inc. lifted its stake in Universal Display Co. (NASDAQ:OLED) by 3.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,365 shares of the semiconductor company’s stock after acquiring an additional 426 shares during the period. American Century Companies Inc.’s holdings in Universal Display were worth $2,389,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in OLED. Peapack Gladstone Financial Corp grew its stake in Universal Display by 1.8% during the 4th quarter. Peapack Gladstone Financial Corp now owns 3,367 shares of the semiconductor company’s stock valued at $643,000 after purchasing an additional 60 shares during the last quarter. Red Spruce Capital LLC grew its stake in Universal Display by 0.7% during the 2nd quarter. Red Spruce Capital LLC now owns 11,146 shares of the semiconductor company’s stock valued at $2,343,000 after purchasing an additional 76 shares during the last quarter. CIBC Asset Management Inc grew its stake in Universal Display by 7.6% during the 2nd quarter. CIBC Asset Management Inc now owns 1,351 shares of the semiconductor company’s stock valued at $284,000 after purchasing an additional 96 shares during the last quarter. Bahl & Gaynor Inc. grew its stake in Universal Display by 0.5% during the 1st quarter. Bahl & Gaynor Inc. now owns 18,645 shares of the semiconductor company’s stock valued at $3,141,000 after purchasing an additional 101 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in Universal Display by 5.4% during the 1st quarter. Inspire Investing LLC now owns 2,107 shares of the semiconductor company’s stock valued at $355,000 after purchasing an additional 108 shares during the last quarter. 78.19% of the stock is owned by institutional investors.

Universal Display Price Performance

Universal Display stock opened at $205.89 on Friday. Universal Display Co. has a 1-year low of $133.67 and a 1-year high of $237.00. The stock has a market cap of $9.77 billion, a PE ratio of 44.76, a P/E/G ratio of 2.29 and a beta of 1.41. The stock’s fifty day moving average is $196.91 and its two-hundred day moving average is $187.13.

Universal Display (NASDAQ:OLED) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). Universal Display had a return on equity of 15.25% and a net margin of 35.74%. The firm had revenue of $158.50 million for the quarter, compared to analyst estimates of $159.46 million. During the same quarter last year, the firm posted $1.04 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, research analysts expect that Universal Display Co. will post 4.81 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, September 16th. This represents a $1.60 annualized dividend and a dividend yield of 0.78%. Universal Display’s dividend payout ratio is currently 34.78%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on OLED. Oppenheimer boosted their price target on Universal Display from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, July 3rd. Roth Mkm upped their target price on Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. The Goldman Sachs Group upped their target price on Universal Display from $208.00 to $243.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Susquehanna upped their target price on Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Needham & Company LLC upped their target price on Universal Display from $198.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $225.88.

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.