Vanguard Personalized Indexing Management LLC Boosts Stake in Universal Display Co. (NASDAQ:OLED)

Vanguard Personalized Indexing Management LLC lifted its holdings in Universal Display Co. (NASDAQ:OLED) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,344 shares of the semiconductor company’s stock after purchasing an additional 186 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Universal Display were worth $1,124,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. SageView Advisory Group LLC acquired a new stake in shares of Universal Display in the first quarter valued at about $1,179,000. Weiss Asset Management LP acquired a new stake in Universal Display in the 4th quarter worth about $1,602,000. Montag A & Associates Inc. increased its stake in Universal Display by 28.9% during the 1st quarter. Montag A & Associates Inc. now owns 11,848 shares of the semiconductor company’s stock worth $1,996,000 after buying an additional 2,655 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Universal Display by 172.0% during the first quarter. Tidal Investments LLC now owns 6,246 shares of the semiconductor company’s stock valued at $1,052,000 after acquiring an additional 3,950 shares during the last quarter. Finally, Eisler Capital US LLC purchased a new position in shares of Universal Display in the fourth quarter valued at approximately $2,222,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Price Performance

NASDAQ:OLED opened at $212.93 on Tuesday. The company’s 50-day moving average is $198.26 and its two-hundred day moving average is $186.12. The firm has a market capitalization of $10.10 billion, a price-to-earnings ratio of 46.29, a PEG ratio of 2.17 and a beta of 1.41. Universal Display Co. has a 1-year low of $133.67 and a 1-year high of $237.00.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). The business had revenue of $158.50 million during the quarter, compared to analyst estimates of $159.46 million. Universal Display had a net margin of 35.74% and a return on equity of 15.25%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 earnings per share. As a group, equities analysts anticipate that Universal Display Co. will post 4.81 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Monday, September 16th. Universal Display’s payout ratio is 34.78%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Roth Mkm boosted their price target on Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Needham & Company LLC increased their target price on shares of Universal Display from $198.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. TD Cowen boosted their price target on shares of Universal Display from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. The Goldman Sachs Group upped their price objective on shares of Universal Display from $208.00 to $243.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Susquehanna raised their target price on shares of Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $225.88.

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.