Y Intercept Hong Kong Ltd Makes New $1.66 Million Investment in Universal Display Co. (NASDAQ:OLED)

Y Intercept Hong Kong Ltd bought a new position in Universal Display Co. (NASDAQ:OLED) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,321 shares of the semiconductor company’s stock, valued at approximately $1,655,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in Universal Display by 1.9% in the third quarter. Geode Capital Management LLC now owns 799,352 shares of the semiconductor company’s stock worth $167,825,000 after buying an additional 15,015 shares during the period. Jennison Associates LLC increased its position in Universal Display by 58.2% in the fourth quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company’s stock worth $99,975,000 after buying an additional 251,557 shares during the period. Van ECK Associates Corp grew its stake in shares of Universal Display by 27.2% in the third quarter. Van ECK Associates Corp now owns 507,440 shares of the semiconductor company’s stock worth $101,914,000 after purchasing an additional 108,394 shares in the last quarter. Southpoint Capital Advisors LP grew its stake in shares of Universal Display by 46.0% in the third quarter. Southpoint Capital Advisors LP now owns 365,000 shares of the semiconductor company’s stock worth $76,614,000 after purchasing an additional 115,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Universal Display by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 333,872 shares of the semiconductor company’s stock worth $70,080,000 after purchasing an additional 10,046 shares in the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on OLED shares. TD Cowen decreased their price target on Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. The Goldman Sachs Group decreased 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. 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. 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, Roth Mkm raised their target price on Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research note 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’s stock. Based on data from MarketBeat, Universal Display currently has an average rating of “Moderate Buy” and a consensus price target of $190.43.

Universal Display Stock Performance

Shares of NASDAQ OLED opened at $157.32 on Wednesday. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 33.83, a P/E/G ratio of 1.61 and a beta of 1.39. The business’s 50-day simple moving average is $148.42 and its 200-day simple moving average is $173.76. Universal Display Co. has a 52 week low of $140.17 and a 52 week high of $237.00.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. The firm had revenue of $162.29 million for the quarter, compared to analyst estimates of $152.75 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. As a group, equities research analysts forecast that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Monday, March 17th. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. Universal Display’s dividend payout ratio (DPR) is presently 38.71%.

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.