Semanteon Capital Management LP Makes New Investment in Universal Display Co. (NASDAQ:OLED)

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in Universal Display during the 3rd quarter worth approximately $30,000. True Wealth Design LLC purchased a new stake in shares of Universal Display during the 3rd quarter worth approximately $36,000. Blue Trust Inc. lifted its position in shares of Universal Display by 401.9% during the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock worth $38,000 after buying an additional 209 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Universal Display by 761.1% during the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company’s stock worth $45,000 after buying an additional 274 shares during the last quarter. Finally, Quarry LP lifted its position in shares of Universal Display by 1,347.8% during the 3rd quarter. Quarry LP now owns 333 shares of the semiconductor company’s stock worth $70,000 after buying an additional 310 shares during the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on OLED shares. Needham & Company LLC reduced their price objective on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 21st. The Goldman Sachs Group reduced their price target on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Roth Mkm upped their price target on shares of Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Oppenheimer reduced their price target on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, January 2nd. Finally, StockNews.com upgraded 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 given a buy rating to the company’s stock. According to MarketBeat.com, Universal Display has a consensus rating of “Moderate Buy” and an average price target of $190.43.

Universal Display Trading Down 1.9 %

Shares of NASDAQ OLED opened at $148.50 on Friday. The stock 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 Co. has a 52 week low of $140.17 and a 52 week high of $237.00. The company’s 50-day moving average price is $149.09 and its 200 day moving average price is $169.49.

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 company had revenue of $162.29 million for 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%. As a group, research analysts expect that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Increases Dividend

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