AQR Capital Management LLC Has $13.18 Million Stock Holdings in Universal Display Co. (NASDAQ:OLED)

AQR Capital Management LLC boosted its position in Universal Display Co. (NASDAQ:OLED) by 190.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 62,723 shares of the semiconductor company’s stock after purchasing an additional 41,154 shares during the period. AQR Capital Management LLC owned about 0.13% of Universal Display worth $13,178,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Peapack Gladstone Financial Corp boosted its position in shares of Universal Display by 1.8% in the fourth quarter. Peapack Gladstone Financial Corp now owns 3,367 shares of the semiconductor company’s stock valued at $643,000 after acquiring an additional 60 shares during the period. Red Spruce Capital LLC boosted its holdings in Universal Display by 0.7% in the 2nd quarter. Red Spruce Capital LLC now owns 11,146 shares of the semiconductor company’s stock valued at $2,343,000 after purchasing an additional 76 shares during the period. CIBC Asset Management Inc grew its position in shares of Universal Display by 7.6% during the 2nd quarter. CIBC Asset Management Inc now owns 1,351 shares of the semiconductor company’s stock worth $284,000 after purchasing an additional 96 shares in the last quarter. Bahl & Gaynor Inc. increased its holdings in shares of Universal Display by 0.5% during the first quarter. Bahl & Gaynor Inc. now owns 18,645 shares of the semiconductor company’s stock worth $3,141,000 after purchasing an additional 101 shares during the period. Finally, Inspire Investing LLC raised its position in shares of Universal Display by 5.4% in the first quarter. Inspire Investing LLC now owns 2,107 shares of the semiconductor company’s stock valued at $355,000 after buying an additional 108 shares in the last quarter. Institutional investors own 78.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on OLED. TD Cowen lifted their price objective on Universal Display from $210.00 to $250.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Oppenheimer increased their price objective on shares of Universal Display from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 3rd. Needham & Company LLC boosted 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. The Goldman Sachs Group upped their price target on shares of Universal Display from $208.00 to $243.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Roth Mkm lifted their price objective on shares of Universal Display from $189.00 to $217.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $225.88.

Universal Display Trading Down 3.1 %

Shares of Universal Display stock opened at $203.37 on Wednesday. The firm’s 50 day moving average is $196.05 and its 200 day moving average is $187.96. The firm has a market capitalization of $9.65 billion, a PE ratio of 44.21, a price-to-earnings-growth ratio of 2.20 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 posted its earnings results on Thursday, August 1st. The semiconductor company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). Universal Display had a return on equity of 15.25% and a net margin of 35.74%. The company had revenue of $158.50 million for the quarter, compared to the consensus estimate of $159.46 million. During the same period in the previous year, the firm posted $1.04 EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, research analysts anticipate that Universal Display Co. will post 4.81 earnings per share for the current year.

Universal Display Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.60 dividend on an annualized basis and a yield of 0.79%. Universal Display’s payout ratio is presently 34.78%.

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.