Coldstream Capital Management Inc. Purchases 523 Shares of Universal Display Co. (NASDAQ:OLED)

Coldstream Capital Management Inc. lifted its position in shares of Universal Display Co. (NASDAQ:OLED) by 30.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,263 shares of the semiconductor company’s stock after acquiring an additional 523 shares during the period. Coldstream Capital Management Inc.’s holdings in Universal Display were worth $331,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. raised its stake in shares of 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 purchasing an additional 154 shares during the last quarter. Blue Trust Inc. raised its position in 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 buying an additional 209 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Universal Display during the 4th quarter valued at about $40,000. Farther Finance Advisors LLC boosted its holdings 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 valued at $45,000 after acquiring an additional 274 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Universal Display by 185.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company’s stock worth $52,000 after acquiring an additional 232 shares during the period. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on OLED shares. Roth Mkm raised their target price on shares of Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a report on Friday, February 21st. StockNews.com lowered Universal Display from a “hold” rating to a “sell” rating in a report on Friday, April 11th. Susquehanna lowered their target price on 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 Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Finally, Oppenheimer lowered their price objective on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Universal Display has a consensus rating of “Moderate Buy” and an average price target of $190.43.

Universal Display Stock Up 12.4 %

NASDAQ:OLED opened at $141.20 on Friday. The stock has a market cap of $6.70 billion, a PE ratio of 30.37, a P/E/G ratio of 1.61 and a beta of 1.42. The business’s 50-day simple moving average is $135.81 and its two-hundred day simple moving average is $153.00. Universal Display Co. has a 52 week low of $103.70 and a 52 week high of $237.00.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.28. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The company had revenue of $166.28 million for the quarter, compared to analysts’ expectations of $154.76 million. During the same period in the previous year, the firm earned $1.19 EPS. The firm’s revenue was up .6% compared to the same quarter last year. Sell-side analysts anticipate that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.45 dividend. This is an increase from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Monday, March 17th. Universal Display’s payout ratio 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.