Charles Schwab Investment Management Inc. Boosts Holdings in Universal Display Co. (NASDAQ:OLED)

Charles Schwab Investment Management Inc. increased its holdings in Universal Display Co. (NASDAQ:OLED) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 341,019 shares of the semiconductor company’s stock after buying an additional 7,147 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.72% of Universal Display worth $49,857,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in OLED. Jennison Associates LLC boosted its holdings in shares of Universal Display by 58.2% in the fourth quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company’s stock worth $99,975,000 after buying an additional 251,557 shares during the last quarter. Citigroup Inc. lifted its holdings in Universal Display by 1,387.6% during the third quarter. Citigroup Inc. now owns 261,723 shares of the semiconductor company’s stock valued at $54,936,000 after purchasing an additional 244,129 shares in the last quarter. Barclays PLC lifted its holdings in Universal Display by 753.8% during the third quarter. Barclays PLC now owns 212,518 shares of the semiconductor company’s stock valued at $44,608,000 after purchasing an additional 187,627 shares in the last quarter. Southpoint Capital Advisors LP lifted its holdings in Universal Display by 46.0% during the third quarter. Southpoint Capital Advisors LP now owns 365,000 shares of the semiconductor company’s stock valued at $76,614,000 after purchasing an additional 115,000 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Universal Display by 95.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 189,603 shares of the semiconductor company’s stock valued at $27,720,000 after purchasing an additional 92,410 shares in the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Analyst Ratings Changes

OLED has been the topic of several analyst reports. Needham & Company LLC lowered their price target on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. StockNews.com downgraded shares of Universal Display from a “hold” rating to a “sell” rating in a report on Friday, March 7th. The Goldman Sachs Group lowered their price target on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Roth Mkm lifted their price target on shares of Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Citigroup reduced their price objective on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Universal Display currently has an average rating of “Moderate Buy” and an average target price of $190.43.

Universal Display Stock Performance

Shares of OLED opened at $147.84 on Friday. The company’s fifty day moving average is $149.01 and its 200 day moving average is $171.23. Universal Display Co. has a fifty-two week low of $140.17 and a fifty-two week high of $237.00. The stock has a market capitalization of $7.02 billion, a PE ratio of 31.79, a P/E/G ratio of 1.61 and a beta of 1.40.

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

Universal Display Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.80 annualized dividend and a dividend yield of 1.22%. This is an increase from Universal Display’s previous quarterly dividend of $0.40. Universal Display’s dividend payout ratio is currently 38.71%.

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.