Cardinal Capital Management Buys 558 Shares of Universal Display Co. (NASDAQ:OLED)

Cardinal Capital Management lifted its stake in Universal Display Co. (NASDAQ:OLED) by 5.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,120 shares of the semiconductor company’s stock after buying an additional 558 shares during the period. Cardinal Capital Management’s holdings in Universal Display were worth $1,412,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Universal Display by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,784,099 shares of the semiconductor company’s stock valued at $699,435,000 after buying an additional 67,590 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Universal Display by 2.8% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,536,513 shares of the semiconductor company’s stock worth $370,838,000 after purchasing an additional 69,043 shares during the last quarter. Geode Capital Management LLC lifted its stake in Universal Display by 12.8% during the fourth quarter. Geode Capital Management LLC now owns 901,315 shares of the semiconductor company’s stock worth $131,806,000 after purchasing an additional 101,963 shares during the last quarter. Norges Bank bought a new stake in Universal Display during the fourth quarter worth $95,924,000. Finally, Greenhouse Funds LLLP lifted its stake in Universal Display by 11.2% during the fourth quarter. Greenhouse Funds LLLP now owns 583,603 shares of the semiconductor company’s stock worth $85,323,000 after purchasing an additional 58,775 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wall Street Zen upgraded Universal Display from a “sell” rating to a “hold” rating in a research note on Friday, May 2nd. Roth Mkm upped their target price on Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Susquehanna cut their target price on Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $170.00 target price on shares of Universal Display in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $190.43.

Universal Display Stock Up 1.5%

NASDAQ OLED opened at $155.88 on Tuesday. The company has a market capitalization of $7.41 billion, a price-to-earnings ratio of 33.52, a PEG ratio of 1.61 and a beta of 1.50. Universal Display Co. has a twelve month low of $103.70 and a twelve month high of $237.00. The stock has a fifty day simple moving average of $138.91 and a 200 day simple moving average of $145.14.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.28. The business had revenue of $166.28 million during the quarter, compared to the consensus estimate of $154.76 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. Universal Display’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.19 earnings per share. Research analysts expect that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.45 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.15%. Universal Display’s payout ratio is 37.42%.

Universal Display Company 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.