Universal Display Co. (NASDAQ:OLED) Holdings Boosted by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Universal Display Co. (NASDAQ:OLED) by 95.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 171,641 shares of the semiconductor company’s stock after purchasing an additional 83,865 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.36% of Universal Display worth $25,094,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brown Brothers Harriman & Co. increased its position in Universal Display by 280.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company’s stock worth $31,000 after buying an additional 154 shares during the period. Blue Trust Inc. increased its holdings in shares of Universal Display by 401.9% in the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 209 shares during the period. Farther Finance Advisors LLC lifted its position in Universal Display by 761.1% in the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 274 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Universal Display by 185.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 232 shares during the period. Finally, Jones Financial Companies Lllp grew its position in Universal Display by 2,005.9% in the 4th quarter. Jones Financial Companies Lllp now owns 358 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 341 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on OLED shares. Roth Mkm lifted their price target on Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. Susquehanna cut their target price on Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. 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. Citigroup cut their price objective on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Finally, StockNews.com upgraded shares of Universal Display from a “sell” rating to a “hold” rating in a research report on Friday, March 21st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $190.43.

Universal Display Stock Down 3.5 %

Shares of OLED stock opened at $113.42 on Friday. The stock has a 50-day simple moving average of $147.52 and a 200 day simple moving average of $165.44. Universal Display Co. has a fifty-two week low of $109.66 and a fifty-two week high of $237.00. The stock has a market capitalization of $5.38 billion, a P/E ratio of 24.39, a P/E/G ratio of 1.61 and a beta of 1.40.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping 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 company had revenue of $162.29 million for the quarter, compared to analysts’ expectations of $152.75 million. On average, sell-side analysts anticipate that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, March 17th. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.59%. Universal Display’s dividend payout ratio (DPR) is currently 38.71%.

About Universal Display

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.