Universal Display Corporation $OLED Shares Acquired by Caxton Associates LLP

Caxton Associates LLP increased its position in shares of Universal Display Corporation (NASDAQ:OLED) by 132.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 43,818 shares of the semiconductor company’s stock after purchasing an additional 24,977 shares during the quarter. Caxton Associates LLP’s holdings in Universal Display were worth $4,016,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in OLED. Systematic Financial Management LP raised its holdings in shares of Universal Display by 40.2% during the 4th quarter. Systematic Financial Management LP now owns 196,515 shares of the semiconductor company’s stock worth $22,949,000 after acquiring an additional 56,320 shares in the last quarter. UBS Group AG grew its holdings in shares of Universal Display by 100.8% in the fourth quarter. UBS Group AG now owns 646,787 shares of the semiconductor company’s stock valued at $75,532,000 after purchasing an additional 324,677 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new stake in Universal Display in the fourth quarter worth $1,962,000. Deprince Race & Zollo Inc. increased its position in Universal Display by 86.6% in the fourth quarter. Deprince Race & Zollo Inc. now owns 428,335 shares of the semiconductor company’s stock worth $50,021,000 after purchasing an additional 198,845 shares during the last quarter. Finally, XXEC Inc. raised its stake in Universal Display by 26.2% during the fourth quarter. XXEC Inc. now owns 65,661 shares of the semiconductor company’s stock valued at $7,668,000 after purchasing an additional 13,615 shares in the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Stock Performance

Shares of NASDAQ OLED opened at $79.42 on Friday. Universal Display Corporation has a 52-week low of $77.15 and a 52-week high of $153.38. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 17.73 and a beta of 1.54. The stock has a 50 day moving average price of $86.69 and a 200 day moving average price of $98.81.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.76 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.37). The firm had revenue of $142.21 million for the quarter, compared to analysts’ expectations of $161.23 million. Universal Display had a return on equity of 12.34% and a net margin of 34.08%.The company’s revenue for the quarter was down 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.35 earnings per share. Analysts forecast that Universal Display Corporation will post 4.23 earnings per share for the current year.

Universal Display Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.5%. Universal Display’s dividend payout ratio (DPR) is currently 44.64%.

Analysts Set New Price Targets

Several research firms have commented on OLED. Weiss Ratings reiterated a “hold (c-)” rating on shares of Universal Display in a research report on Thursday, June 18th. Zacks Research downgraded shares of Universal Display from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 21st. Oppenheimer decreased their target price on shares of Universal Display from $160.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. The Goldman Sachs Group set a $135.00 price target on Universal Display in a research report on Tuesday, April 21st. Finally, Citigroup reduced their price objective on Universal Display from $105.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $130.60.

About Universal Display

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.