7,900 Shares in Universal Display Co. (NASDAQ:OLED) Bought by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC acquired a new position in shares of Universal Display Co. (NASDAQ:OLED - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 7,900 shares of the semiconductor company's stock, valued at approximately $1,155,000.

A number of other institutional investors have also recently added to or reduced their stakes in OLED. Brown Brothers Harriman & Co. grew its stake in Universal Display by 280.0% during the 4th 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 last quarter. Blue Trust Inc. boosted its position in Universal Display by 401.9% during the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 209 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Universal Display during the 4th quarter worth $40,000. Farther Finance Advisors LLC boosted 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 acquiring an additional 274 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in Universal Display by 185.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company's stock worth $52,000 after acquiring an additional 232 shares during the period. 78.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on OLED shares. Citigroup reduced their price target on Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. The Goldman Sachs Group reduced their price target on Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Roth Mkm boosted their price target on Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Susquehanna cut their price objective on Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Finally, StockNews.com upgraded Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $190.43.

View Our Latest Stock Analysis on OLED

Universal Display Stock Down 0.6%

Shares of NASDAQ OLED opened at $153.11 on Friday. Universal Display Co. has a 12 month low of $103.70 and a 12 month high of $237.00. The company has a market cap of $7.28 billion, a price-to-earnings ratio of 32.93, a P/E/G ratio of 1.61 and a beta of 1.46. The business has a fifty day simple moving average of $134.55 and a 200-day simple moving average of $149.15.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.07 by $0.28. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The business had revenue of $166.28 million during the quarter, compared to the consensus estimate of $154.76 million. During the same period in the prior year, the business posted $1.19 earnings per share. Universal Display's revenue was up .6% compared to the same quarter last year. As a group, sell-side analysts expect that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Monday, June 16th. Universal Display's dividend payout ratio is currently 37.42%.

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.

Featured Stories

• Five stocks we like better than Universal Display
• Roth IRA Calculator: Calculate Your Potential Returns
• Symbotic Gets Big Earnings Lift: Is the Stock Investable Again?
• Low PE Growth Stocks: Unlocking Investment Opportunities
• 3 Small-Cap Stocks With Room to Run Despite Tariff Headwinds
• Energy and Oil Stocks Explained
• CRSPR Stock Could Be Ready to Deliver on Its Massive Promise

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Universal Display Right Now?

Before you consider Universal Display, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Universal Display wasn't on the list.

While Universal Display currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here