Steward Partners Investment Advisory LLC Buys 410 Shares of Universal Display Co. (NASDAQ:OLED)

Steward Partners Investment Advisory LLC raised its stake in shares of Universal Display Co. (NASDAQ:OLED) by 98.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 827 shares of the semiconductor company’s stock after purchasing an additional 410 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Universal Display were worth $121,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Assetmark Inc. bought a new position in Universal Display during the 3rd quarter worth $29,000. Brooklyn Investment Group bought a new position in shares of Universal Display in the 3rd quarter worth about $30,000. True Wealth Design LLC bought a new position in shares of Universal Display in the 3rd quarter worth about $36,000. Blue Trust Inc. increased 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 valued at $38,000 after buying an additional 209 shares in the last quarter. Finally, Quarry LP increased its position in Universal Display by 1,347.8% in the 3rd quarter. Quarry LP now owns 333 shares of the semiconductor company’s stock valued at $70,000 after buying an additional 310 shares in the last quarter. 78.19% of the stock is owned by institutional investors.

Universal Display Price Performance

NASDAQ:OLED opened at $150.35 on Monday. The company has a market cap of $7.14 billion, a P/E ratio of 32.33, a P/E/G ratio of 1.61 and a beta of 1.40. The stock’s fifty day moving average price is $148.95 and its two-hundred day moving average price is $170.55. Universal Display Co. has a 1 year low of $140.17 and a 1 year high of $237.00.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The company had revenue of $162.29 million for the quarter, compared to the consensus estimate of $152.75 million. On average, analysts expect that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.45 per share. This is an increase from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.80 dividend on an annualized basis and a yield of 1.20%. Universal Display’s dividend payout ratio (DPR) is presently 38.71%.

Analyst Ratings Changes

A number of brokerages recently commented on OLED. Roth Mkm boosted their target price on Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Oppenheimer cut their price target on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, January 2nd. Needham & Company LLC cut their price target on Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Susquehanna cut their price target 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, StockNews.com downgraded Universal Display from a “hold” rating to a “sell” rating in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Universal Display currently has an average rating of “Moderate Buy” and an average target price of $190.43.

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.