NewSquare Capital LLC Takes $430,000 Position in Universal Display Co. (NASDAQ:OLED)

NewSquare Capital LLC acquired a new stake 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 (SEC). The firm acquired 2,941 shares of the semiconductor company’s stock, valued at approximately $430,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. purchased a new position in shares of Universal Display in the third quarter valued at approximately $29,000. Brooklyn Investment Group acquired a new stake in Universal Display in the third quarter valued at approximately $30,000. True Wealth Design LLC acquired a new stake in Universal Display in the third quarter valued at approximately $36,000. Nisa Investment Advisors LLC raised its holdings in Universal Display by 60.2% in the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 65 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings 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 in the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Universal Display Price Performance

Shares of Universal Display stock opened at $152.76 on Thursday. The firm’s fifty day simple moving average is $148.55 and its 200-day simple moving average is $172.73. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 1.61 and a beta of 1.39. Universal Display Co. has a 12 month low of $140.17 and a 12 month high of $237.00.

Universal Display (NASDAQ:OLED) last announced 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 net margin of 34.29% and a return on equity of 15.51%. The business had revenue of $162.29 million for the quarter, compared to analysts’ expectations of $152.75 million. Analysts anticipate that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.18%. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, March 17th. Universal Display’s dividend payout ratio (DPR) is 38.71%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Citigroup reduced their target price on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Roth Mkm raised their target price on shares of Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. Needham & Company LLC cut their price objective on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Susquehanna cut their price objective on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Finally, Oppenheimer cut their price objective on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $190.43.

Universal Display Company 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.