Commonwealth Equity Services LLC reduced its position in shares of Universal Display Co. (NASDAQ:OLED) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,128 shares of the semiconductor company’s stock after selling 985 shares during the period. Commonwealth Equity Services LLC’s holdings in Universal Display were worth $1,789,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. increased its holdings in Universal Display by 3,877.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 38,579 shares of the semiconductor company’s stock worth $4,548,000 after purchasing an additional 37,609 shares during the period. US Bancorp DE increased its holdings in shares of Universal Display by 37.1% in the 3rd quarter. US Bancorp DE now owns 1,714 shares of the semiconductor company’s stock valued at $202,000 after acquiring an additional 464 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Universal Display by 532.7% in the 3rd quarter. Victory Capital Management Inc. now owns 75,442 shares of the semiconductor company’s stock valued at $8,895,000 after acquiring an additional 63,519 shares during the period. Private Advisor Group LLC purchased a new position in shares of Universal Display in the 3rd quarter valued at $480,000. Finally, Comerica Bank purchased a new position in shares of Universal Display in the 3rd quarter valued at $290,000. 84.47% of the stock is owned by institutional investors and hedge funds.

Universal Display stock opened at $154.80 on Friday. The firm has a market capitalization of $7.34 billion, a PE ratio of 124.84, a price-to-earnings-growth ratio of 2.37 and a beta of 1.44. Universal Display Co. has a 1-year low of $78.75 and a 1-year high of $156.90.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, February 21st. The semiconductor company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.06. The firm had revenue of $70.14 million during the quarter, compared to analysts’ expectations of $70.18 million. Universal Display had a return on equity of 8.85% and a net margin of 23.78%. The business’s quarterly revenue was down 39.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 EPS. Research analysts expect that Universal Display Co. will post 2.17 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a $0.10 dividend. This is a boost from Universal Display’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, March 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.26%. Universal Display’s dividend payout ratio (DPR) is presently 19.35%.

A number of brokerages have recently issued reports on OLED. Needham & Company LLC lifted their price target on Universal Display from $105.00 to $140.00 and gave the company a “buy” rating in a report on Friday, February 22nd. Roth Capital lifted their price target on Universal Display from $128.00 to $172.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. Deutsche Bank lifted their price target on Universal Display to $140.00 in a report on Friday, February 22nd. ValuEngine downgraded Universal Display from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 2nd. Finally, Oppenheimer cut their price target on Universal Display from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $146.00.

In other news, Director Lawrence Lacerte sold 6,250 shares of the firm’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $145.52, for a total value of $909,500.00. Following the completion of the sale, the director now owns 325,000 shares of the company’s stock, valued at approximately $47,294,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard C. Elias sold 1,250 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $153.38, for a total value of $191,725.00. Following the completion of the sale, the director now directly owns 1,250 shares of the company’s stock, valued at approximately $191,725. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.

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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 flat panel displays and solid-state lighting applications. As of February 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide.

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Institutional Ownership by Quarter for Universal Display (NASDAQ:OLED)

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