WINTON GROUP Ltd Raises Stock Holdings in Universal Display Co. (NASDAQ:OLED)

WINTON GROUP Ltd grew its holdings in Universal Display Co. (NASDAQ:OLED) by 25.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,988 shares of the semiconductor company’s stock after acquiring an additional 1,438 shares during the quarter. WINTON GROUP Ltd’s holdings in Universal Display were worth $1,022,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. CIBC Asset Management Inc increased its holdings in Universal Display by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company’s stock worth $215,000 after acquiring an additional 73 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Universal Display by 0.7% during the fourth quarter. Arizona State Retirement System now owns 13,065 shares of the semiconductor company’s stock worth $1,910,000 after purchasing an additional 88 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Universal Display by 0.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company’s stock worth $1,475,000 after purchasing an additional 90 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in Universal Display by 1.6% in 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 in the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in Universal Display by 0.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the semiconductor company’s stock worth $1,798,000 after buying an additional 100 shares during the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

Universal Display Trading Down 3.1 %

Shares of OLED opened at $145.17 on Friday. Universal Display Co. has a 12-month low of $140.17 and a 12-month high of $237.00. The firm has a market capitalization of $6.89 billion, a P/E ratio of 31.22, a P/E/G ratio of 1.61 and a beta of 1.40. The firm has a 50-day moving average price of $149.47 and a 200 day moving average price of $168.06.

Universal Display (NASDAQ:OLED) last posted its quarterly 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. The business had revenue of $162.29 million during the quarter, compared to analysts’ expectations of $152.75 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. Equities research analysts predict that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The firm also recently declared 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 represents a $1.80 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Monday, March 17th. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. Universal Display’s dividend payout ratio is 38.71%.

Analyst Ratings Changes

A number of equities analysts have commented on OLED shares. Roth Mkm increased their target price on Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. Oppenheimer dropped their target price on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, January 2nd. Needham & Company LLC decreased their price target on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group lowered their price target on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, StockNews.com upgraded shares of Universal Display from a “sell” rating to a “hold” rating in a report on Friday, March 21st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Universal Display has a consensus rating of “Moderate Buy” and a consensus price target of $190.43.

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.