Mutual of America Capital Management LLC Has $5.25 Million Position in Universal Display Co. (NASDAQ:OLED)

Mutual of America Capital Management LLC decreased its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 3.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,989 shares of the semiconductor company’s stock after selling 972 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of Universal Display worth $5,254,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OLED. Peapack Gladstone Financial Corp boosted its holdings in shares of Universal Display by 1.8% during the 4th quarter. Peapack Gladstone Financial Corp now owns 3,367 shares of the semiconductor company’s stock worth $643,000 after buying an additional 60 shares during the period. Red Spruce Capital LLC boosted its holdings in shares of Universal Display by 0.7% during the second quarter. Red Spruce Capital LLC now owns 11,146 shares of the semiconductor company’s stock worth $2,343,000 after acquiring an additional 76 shares during the period. 1492 Capital Management LLC grew its position in shares of Universal Display by 0.8% in the fourth quarter. 1492 Capital Management LLC now owns 9,543 shares of the semiconductor company’s stock valued at $1,825,000 after purchasing an additional 79 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Universal Display by 7.6% during the second quarter. CIBC Asset Management Inc now owns 1,351 shares of the semiconductor company’s stock worth $284,000 after purchasing an additional 96 shares during the period. Finally, Bahl & Gaynor Inc. lifted its holdings in Universal Display by 0.5% during the 1st quarter. Bahl & Gaynor Inc. now owns 18,645 shares of the semiconductor company’s stock worth $3,141,000 after purchasing an additional 101 shares during the last quarter. 78.19% of the stock is owned by institutional investors.

Universal Display Price Performance

NASDAQ OLED opened at $211.44 on Friday. Universal Display Co. has a fifty-two week low of $133.67 and a fifty-two week high of $237.00. The business has a fifty day moving average price of $198.88 and a two-hundred day moving average price of $185.34. The stock has a market capitalization of $10.03 billion, a PE ratio of 45.84, a PEG ratio of 2.17 and a beta of 1.41.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.04). The business had revenue of $158.50 million during the quarter, compared to analyst estimates of $159.46 million. Universal Display had a net margin of 35.74% and a return on equity of 15.25%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business earned $1.04 earnings per share. As a group, sell-side analysts expect that Universal Display Co. will post 4.81 earnings per share for the current year.

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Monday, September 16th. Universal Display’s payout ratio is 34.78%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on OLED shares. The Goldman Sachs Group increased their price objective on Universal Display from $208.00 to $243.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Needham & Company LLC boosted their price objective on shares of Universal Display from $198.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. Susquehanna increased their target price on shares of Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Roth Mkm lifted their price target on shares of Universal Display from $189.00 to $217.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Oppenheimer increased their price target on Universal Display from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 3rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $225.88.

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.