1 week Ago By Defense World Staff
Prudential Financial Inc. lessened its holdings in Universal Display Co. (NASDAQ:OLED – Free Report) by 35.
0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,106 shares of the semiconductor company’s stock after selling 1,676 shares during the period. Prudential Financial Inc.
’s holdings in Universal Display were worth $454,000 at the end of the most recent reporting period. Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc.
boosted its stake in shares of Universal Display by 1.4% during the 4th quarter. Vanguard Group Inc.
now owns 4,784,099 shares of the semiconductor company’s stock worth $699,435,000 after acquiring an additional 67,590 shares during the last quarter. LPL Financial LLC raised its holdings in Universal Display by 22.6% in the 4th quarter.
LPL Financial LLC now owns 50,671 shares of the semiconductor company’s stock worth $7,408,000 after purchasing an additional 9,325 shares during the period. Fox Run Management L.L.
C. purchased a new position in Universal Display during the fourth quarter valued at $972,000. KLP Kapitalforvaltning AS bought a new stake in Universal Display during the fourth quarter valued at about $1,345,000.
Finally, American Century Companies Inc. increased its position in Universal Display by 2.0% in the fourth quarter.
American Century Companies Inc. now owns 12,220 shares of the semiconductor company’s stock worth $1,787,000 after buying an additional 245 shares in the last quarter. Hedge funds and other institutional investors own 78.
19% of the company’s stock. Universal Display Stock Up 17.4 %OLED opened at $125.
17 on Thursday. Universal Display Co. has a 52 week low of $103.
70 and a 52 week high of $237.00. The firm has a 50-day simple moving average of $144.
19 and a two-hundred day simple moving average of $162.47. The company has a market capitalization of $5.
94 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 1.61 and a beta of 1.
42. Universal Display (NASDAQ:OLED – Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.
22 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.14.
The business had revenue of $162.29 million during the quarter, compared to analysts’ expectations of $152.75 million.
Universal Display had a return on equity of 15.51% and a net margin of 34.29%.
As a group, sell-side analysts expect that Universal Display Co. will post 4.71 earnings per share for the current year.
Universal Display Increases DividendThe firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.45 per share.
The ex-dividend date was Monday, March 17th. This represents a $1.80 annualized dividend and a yield of 1.
44%. This is a positive change from Universal Display’s previous quarterly dividend of $0.40.
Universal Display’s dividend payout ratio (DPR) is 38.71%. Analyst Upgrades and DowngradesOLED has been the subject of a number of recent research reports.
Susquehanna cut their price objective on Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, February 21st.
Roth Mkm increased their price objective on shares of Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research note on Friday, February 21st.
Needham & Company LLC lowered their target price on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st.
StockNews.com upgraded Universal Display from a “sell” rating to a “hold” rating in a research note on Friday, March 21st. Finally, Oppenheimer lowered their price objective on Universal Display from $220.
00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock.
According to data from MarketBeat.com, Universal Display currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.43.
Get Our Latest Research Report on OLEDUniversal Display Profile (Free Report)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.Further ReadingFive stocks we like better than Universal DisplayThe Significance of Brokerage Rankings in Stock SelectionQuantum Computing: The $6.
5 Billion Opportunity You Can’t IgnoreWhat Are Dividend Achievers? An IntroductionAre Tariffs Threatening Disney’s Comeback Story?Insider Trading – What You Need to KnowIs Alphabet a Generational Buying Opportunity at These Levels?Want to see what other hedge funds are holding OLED? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Display Co. (NASDAQ:OLED – Free Report).
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