Brown Brothers Harriman & Co. Increases Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Brown Brothers Harriman & Co. lifted its stake in shares of Universal Display Co. (NASDAQ:OLED) by 280.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 209 shares of the semiconductor company’s stock after buying an additional 154 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Universal Display were worth $31,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Blue Trust Inc. lifted its position in Universal Display by 401.9% in the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 209 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Universal Display by 761.1% in the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 274 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Universal Display by 185.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 232 shares during the period. Jones Financial Companies Lllp grew its stake in Universal Display by 2,005.9% during the 4th quarter. Jones Financial Companies Lllp now owns 358 shares of the semiconductor company’s stock worth $52,000 after buying an additional 341 shares during the last quarter. Finally, Quarry LP increased its position in Universal Display by 1,347.8% during the third quarter. Quarry LP now owns 333 shares of the semiconductor company’s stock worth $70,000 after buying an additional 310 shares during the period. Institutional investors and hedge funds own 78.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Citigroup lowered their target price 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. StockNews.com upgraded shares of Universal Display from a “sell” rating to a “hold” rating in a research note on Friday, March 21st. The Goldman Sachs Group decreased their target price on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Oppenheimer reduced their price objective on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, January 2nd. Finally, Susquehanna lowered their target price on Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $190.43.

Universal Display Trading Up 0.0 %

Shares of OLED stock opened at $138.90 on Thursday. Universal Display Co. has a 12-month low of $132.01 and a 12-month high of $237.00. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40. The stock has a 50 day simple moving average of $148.87 and a 200-day simple moving average of $166.68.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The company had revenue of $162.29 million during the quarter, compared to the consensus estimate of $152.75 million. On average, equities analysts forecast that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.30%. This is an increase from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, March 17th. Universal Display’s dividend payout ratio (DPR) is presently 38.71%.

Universal Display 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.