Aviva PLC Has $546,000 Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Aviva PLC lifted its stake in Universal Display Co. (NASDAQ:OLED) by 14.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,733 shares of the semiconductor company’s stock after purchasing an additional 472 shares during the quarter. Aviva PLC’s holdings in Universal Display were worth $546,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. boosted its holdings in shares of Universal Display by 280.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company’s stock worth $31,000 after buying an additional 154 shares during the period. Blue Trust Inc. boosted its stake in Universal Display by 401.9% in the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 209 shares during the period. Farther Finance Advisors LLC grew its position in Universal Display by 761.1% during the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 274 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Universal Display by 185.6% during 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. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Universal Display by 2,005.9% in the fourth quarter. Jones Financial Companies Lllp now owns 358 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 341 shares in the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Universal Display Stock Up 4.3 %

OLED stock opened at $112.72 on Friday. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 24.24, a P/E/G ratio of 1.61 and a beta of 1.42. The firm has a 50 day moving average of $142.83 and a two-hundred day moving average of $161.07. Universal Display Co. has a 12 month low of $103.70 and a 12 month high of $237.00.

Universal Display (NASDAQ:OLED) last posted its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 EPS 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 firm had revenue of $162.29 million for the quarter, compared to the consensus estimate of $152.75 million. On average, research analysts expect that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.45 dividend. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.60%. The ex-dividend date was Monday, March 17th. Universal Display’s payout ratio is 38.71%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on OLED shares. Needham & Company LLC lowered their price target on Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Susquehanna dropped their target price on Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Roth Mkm increased their price target on shares of Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Citigroup lowered 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. Finally, Oppenheimer cut their target price on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $190.43.

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.