Migdal Insurance & Financial Holdings Ltd. Sells 117 Shares of Universal Display Co. (NASDAQ:OLED)

Migdal Insurance & Financial Holdings Ltd. lessened its holdings in Universal Display Co. (NASDAQ:OLED) by 20.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 467 shares of the semiconductor company’s stock after selling 117 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Universal Display were worth $90,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Orion Capital Management LLC acquired a new position in shares of Universal Display in the third quarter valued at $31,000. Tyler Stone Wealth Management bought a new stake in shares of Universal Display in the second quarter valued at about $43,000. Rise Advisors LLC bought a new stake in shares of Universal Display in the fourth quarter valued at about $57,000. Fifth Third Bancorp boosted its position in shares of Universal Display by 22.5% in the third quarter. Fifth Third Bancorp now owns 593 shares of the semiconductor company’s stock valued at $93,000 after acquiring an additional 109 shares during the period. Finally, Lazard Asset Management LLC boosted its position in shares of Universal Display by 25.4% in the third quarter. Lazard Asset Management LLC now owns 598 shares of the semiconductor company’s stock valued at $93,000 after acquiring an additional 121 shares during the period. Institutional investors own 78.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $198.00 target price on shares of Universal Display in a research report on Tuesday, March 26th. Oppenheimer reaffirmed an “outperform” rating and issued a $200.00 price objective (down previously from $210.00) on shares of Universal Display in a research note on Friday, February 23rd. Citigroup reaffirmed a “neutral” rating and issued a $180.00 price objective (up previously from $161.00) on shares of Universal Display in a research note on Friday, January 19th. TD Cowen upped their price objective on Universal Display from $165.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Finally, TheStreet raised Universal Display from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $199.86.

Universal Display Stock Performance

NASDAQ:OLED opened at $152.96 on Friday. The company has a market capitalization of $7.25 billion, a PE ratio of 36.08, a P/E/G ratio of 1.66 and a beta of 1.45. The company has a 50 day simple moving average of $168.85 and a two-hundred day simple moving average of $169.17. Universal Display Co. has a fifty-two week low of $125.98 and a fifty-two week high of $194.84.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, February 22nd. The semiconductor company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.18 by $0.11. Universal Display had a net margin of 35.22% and a return on equity of 14.85%. The company had revenue of $158.32 million during the quarter, compared to the consensus estimate of $161.08 million. During the same quarter last year, the firm posted $1.36 EPS. The company’s quarterly revenue was down 6.3% on a year-over-year basis. Research analysts predict that Universal Display Co. will post 4.72 EPS for the current year.

Universal Display Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.05%. This is a positive change from Universal Display’s previous quarterly dividend of $0.35. Universal Display’s dividend payout ratio is presently 37.74%.

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.