Semanteon Capital Management LP Invests $501,000 in Universal Display Co. (NASDAQ:OLED)

Semanteon Capital Management LP acquired a new position in shares of Universal Display Co. (NASDAQ:OLED) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,425 shares of the semiconductor company’s stock, valued at approximately $501,000.

Other large investors have also modified their holdings of the company. Glenmede Trust Co. NA lifted its holdings in shares of Universal Display by 1.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock worth $1,269,000 after acquiring an additional 97 shares during the period. BNP Paribas Financial Markets raised its holdings in Universal Display by 8.8% in the third quarter. BNP Paribas Financial Markets now owns 52,713 shares of the semiconductor company’s stock valued at $11,064,000 after buying an additional 4,269 shares during the period. Cerity Partners LLC raised its holdings in Universal Display by 385.2% in the third quarter. Cerity Partners LLC now owns 8,588 shares of the semiconductor company’s stock valued at $1,803,000 after buying an additional 6,818 shares during the period. Pacer Advisors Inc. raised its holdings in Universal Display by 37.2% in the fourth quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company’s stock valued at $3,983,000 after buying an additional 7,390 shares during the period. Finally, Stifel Financial Corp raised its holdings in Universal Display by 200.0% in the third quarter. Stifel Financial Corp now owns 120,234 shares of the semiconductor company’s stock valued at $25,237,000 after buying an additional 80,162 shares during the period. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OLED has been the topic of several research reports. Roth Mkm raised their price target 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. Needham & Company LLC cut their price target on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Susquehanna cut their price target on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Citigroup cut their price target on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Finally, StockNews.com raised shares of Universal Display from a “sell” rating to a “hold” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.43.

Universal Display Price Performance

OLED stock opened at $148.50 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 fifty day moving average price of $149.09 and a two-hundred day moving average price of $169.49. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of 31.94, a PEG ratio of 1.61 and a beta of 1.40.

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

Universal Display Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.45 per share. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, March 17th. This represents a $1.80 annualized dividend and a yield of 1.21%. Universal Display’s payout ratio is presently 38.71%.

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.