Certuity LLC Acquires Shares of 1,931 Universal Display Co. (NASDAQ:OLED)

Certuity LLC bought a new position in Universal Display Co. (NASDAQ:OLED) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,931 shares of the semiconductor company’s stock, valued at approximately $369,000.

Other large investors have also modified their holdings of the company. Treasurer of the State of North Carolina lifted its holdings in Universal Display by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 20,516 shares of the semiconductor company’s stock worth $3,221,000 after buying an additional 100 shares during the last quarter. CWM LLC boosted its holdings in Universal Display by 21.0% in the fourth quarter. CWM LLC now owns 606 shares of the semiconductor company’s stock worth $116,000 after purchasing an additional 105 shares during the period. Bahl & Gaynor Inc. raised its holdings in shares of Universal Display by 0.6% during the third quarter. Bahl & Gaynor Inc. now owns 18,288 shares of the semiconductor company’s stock worth $2,871,000 after purchasing an additional 109 shares during the period. Fifth Third Bancorp raised its holdings in shares of Universal Display by 22.5% during the third quarter. Fifth Third Bancorp now owns 593 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 109 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Universal Display by 2.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 8,190 shares of the semiconductor company’s stock worth $1,286,000 after buying an additional 162 shares during the last quarter. Institutional investors own 78.19% of the company’s stock.

Universal Display Stock Down 3.4 %

Shares of NASDAQ OLED opened at $152.66 on Thursday. Universal Display Co. has a 12 month low of $125.98 and a 12 month high of $194.84. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 36.00, a P/E/G ratio of 1.72 and a beta of 1.44. The business has a fifty day simple moving average of $164.54 and a 200-day simple moving average of $169.15.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, February 22nd. The semiconductor company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.11. Universal Display had a return on equity of 14.85% and a net margin of 35.22%. The business had revenue of $158.32 million for the quarter, compared to the consensus estimate of $161.08 million. During the same quarter in the previous year, the company posted $1.36 earnings per share. Universal Display’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, sell-side analysts expect that Universal Display Co. will post 4.72 EPS for the current fiscal year.

Universal Display Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.40 dividend. The ex-dividend date was Thursday, March 14th. This is an increase from Universal Display’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.05%. Universal Display’s dividend payout ratio is 37.74%.

Analysts Set New Price Targets

Several research firms recently weighed in on OLED. TD Cowen increased their price objective on shares of Universal Display from $165.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Citigroup reissued a “neutral” rating and issued a $180.00 price objective (up from $161.00) on shares of Universal Display in a report on Friday, January 19th. Oppenheimer reaffirmed an “outperform” rating and set a $200.00 target price (down previously from $210.00) on shares of Universal Display in a research note on Friday, February 23rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $198.00 price target on shares of Universal Display in a research note on Tuesday, March 26th. Two 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 company presently has an average rating of “Moderate Buy” and an average price target of $199.86.

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.