Oak Thistle LLC Boosts Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Oak Thistle LLC lifted its holdings in Universal Display Co. (NASDAQ:OLED) by 192.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,390 shares of the semiconductor company’s stock after purchasing an additional 6,838 shares during the period. Oak Thistle LLC’s holdings in Universal Display were worth $1,519,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its stake in shares of Universal Display by 60.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 65 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Universal Display by 42.1% in the 3rd quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company’s stock worth $68,000 after purchasing an additional 96 shares in the last quarter. Glenmede Trust Co. NA grew its stake in Universal Display by 1.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock worth $1,269,000 after buying an additional 97 shares during the last quarter. Prospera Financial Services Inc increased its position in Universal Display by 4.4% during the 3rd quarter. Prospera Financial Services Inc now owns 2,576 shares of the semiconductor company’s stock valued at $542,000 after buying an additional 108 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in Universal Display by 2.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 4,272 shares of the semiconductor company’s stock valued at $897,000 after buying an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on OLED. Oppenheimer cut their price objective on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, January 2nd. TD Cowen decreased their price target on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Needham & Company LLC dropped their price objective on shares of Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $207.86.

Insider Activity at Universal Display

In other news, Director Lawrence Lacerte bought 742 shares of the stock in a transaction dated Monday, November 4th. The shares were acquired at an average cost of $180.89 per share, with a total value of $134,220.38. Following the purchase, the director now directly owns 122,372 shares in the company, valued at $22,135,871.08. The trade was a 0.61 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by company insiders.

Universal Display Stock Performance

NASDAQ:OLED opened at $145.96 on Wednesday. The firm’s fifty day moving average is $159.93 and its two-hundred day moving average is $187.68. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 1.74 and a beta of 1.40. Universal Display Co. has a one year low of $143.25 and a one year high of $237.00.

Universal Display (NASDAQ:OLED) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.21. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The firm had revenue of $161.63 million for the quarter, compared to the consensus estimate of $165.28 million. During the same quarter in the prior year, the business earned $1.08 earnings per share. The company’s revenue was up 14.6% compared to the same quarter last year. As a group, equities research analysts predict that Universal Display Co. will post 4.8 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Tuesday, December 17th. Universal Display’s dividend payout ratio is currently 32.13%.

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.