Centiva Capital LP Buys New Shares in Universal Display Co. (NASDAQ:OLED)

Centiva Capital LP purchased a new stake in shares of Universal Display Co. (NASDAQ:OLED) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 21,503 shares of the semiconductor company’s stock, valued at approximately $3,144,000.

A number of other hedge funds also recently made changes to their positions in the stock. Brown Brothers Harriman & Co. raised its stake in Universal Display by 280.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 154 shares during the period. Blue Trust Inc. boosted its stake 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 buying an additional 209 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Universal Display during the 4th quarter valued at about $40,000. Farther Finance Advisors LLC raised its stake in 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 purchasing an additional 274 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position 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 buying an additional 232 shares in the last quarter. 78.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Citigroup reduced their price objective on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Roth Mkm boosted 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. StockNews.com raised shares of Universal Display from a “sell” rating to a “hold” rating in a research note on Friday. The Goldman Sachs Group reduced their target price 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. Finally, Susquehanna lowered their price target on Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $190.43.

Universal Display Stock Down 0.6 %

NASDAQ:OLED opened at $143.22 on Tuesday. The stock has a market cap of $6.81 billion, a PE ratio of 30.80, a P/E/G ratio of 1.61 and a beta of 1.46. Universal Display Co. has a 52 week low of $103.70 and a 52 week high of $237.00. The business’s 50-day simple moving average is $135.18 and its two-hundred day simple moving average is $151.46.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.28. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The firm had revenue of $166.28 million for the quarter, compared to analyst estimates of $154.76 million. During the same quarter in the prior year, the business earned $1.19 earnings per share. The business’s quarterly 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Monday, June 16th. Universal Display’s dividend payout ratio (DPR) is 37.42%.

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.