SBI Securities Co. Ltd. Makes New Investment in Universal Display Co. (NASDAQ:OLED)

SBI Securities Co. Ltd. acquired a new stake in Universal Display Co. (NASDAQ:OLED) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,277 shares of the semiconductor company’s stock, valued at approximately $187,000.

Other institutional investors have also recently made changes to their positions in the company. Glenmede Trust Co. NA boosted its position in Universal Display by 1.6% during 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 during the period. BNP Paribas Financial Markets raised its stake in shares of Universal Display by 8.8% during the third quarter. BNP Paribas Financial Markets now owns 52,713 shares of the semiconductor company’s stock valued at $11,064,000 after acquiring an additional 4,269 shares during the last quarter. Montanaro Asset Management Ltd boosted its holdings in shares of Universal Display by 217.4% during the third quarter. Montanaro Asset Management Ltd now owns 63,260 shares of the semiconductor company’s stock worth $13,278,000 after purchasing an additional 43,330 shares during the period. Cerity Partners LLC boosted its holdings in shares of Universal Display by 385.2% during the third quarter. Cerity Partners LLC now owns 8,588 shares of the semiconductor company’s stock worth $1,803,000 after purchasing an additional 6,818 shares during the period. Finally, Pacer Advisors Inc. grew its stake in shares of Universal Display by 37.2% in the fourth quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company’s stock worth $3,983,000 after purchasing an additional 7,390 shares during the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on OLED shares. Citigroup lowered their price target on Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. 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. Oppenheimer cut 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 decreased their price objective on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, Roth Mkm lifted their target price on shares of 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.43.

Universal Display Price Performance

Shares of NASDAQ OLED opened at $150.11 on Friday. Universal Display Co. has a 1 year low of $140.17 and a 1 year high of $237.00. The firm has a 50-day moving average of $148.54 and a 200 day moving average of $172.59. The stock has a market cap of $7.13 billion, a P/E ratio of 32.28, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39.

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 the consensus estimate of $1.08 by $0.14. The firm had revenue of $162.29 million during the quarter, compared to analyst estimates of $152.75 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. Research analysts expect that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.45 dividend. This is a boost from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Monday, March 17th. Universal Display’s dividend payout ratio is currently 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.