Universal Display Co. (NASDAQ:OLED) Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. reduced its position in Universal Display Co. (NASDAQ:OLED) by 10.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 500 shares of the semiconductor company’s stock after selling 56 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Universal Display were worth $105,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Creative Planning lifted its stake in Universal Display by 3.5% in the second quarter. Creative Planning now owns 13,274 shares of the semiconductor company’s stock valued at $2,791,000 after buying an additional 445 shares during the last quarter. Algert Global LLC raised its position in Universal Display by 118.9% in the 2nd quarter. Algert Global LLC now owns 44,735 shares of the semiconductor company’s stock valued at $9,406,000 after purchasing an additional 24,295 shares during the last quarter. AQR Capital Management LLC boosted its stake in Universal Display by 190.8% during the 2nd quarter. AQR Capital Management LLC now owns 62,723 shares of the semiconductor company’s stock worth $13,178,000 after purchasing an additional 41,154 shares during the period. Albar Capital Ltd grew its position in Universal Display by 24.5% during the 2nd quarter. Albar Capital Ltd now owns 127,057 shares of the semiconductor company’s stock worth $26,714,000 after purchasing an additional 24,982 shares during the last quarter. Finally, Alpha DNA Investment Management LLC purchased a new position in Universal Display during the 2nd quarter worth $386,000. 78.19% of the stock is owned by institutional investors and hedge funds.

Universal Display Stock Performance

NASDAQ:OLED opened at $206.86 on Friday. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of 44.39, a PEG ratio of 2.25 and a beta of 1.42. Universal Display Co. has a 1 year low of $133.67 and a 1 year high of $237.00. The stock has a fifty day moving average price of $194.90 and a two-hundred day moving average price of $190.15.

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

Universal Display Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Monday, September 16th. Universal Display’s payout ratio is currently 34.33%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on OLED shares. Roth Mkm increased their target price on shares of Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Oppenheimer increased their price objective on Universal Display from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 3rd. TD Cowen boosted their target price on Universal Display from $210.00 to $250.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC increased their price target on Universal Display from $198.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Finally, The Goldman Sachs Group lifted their price objective on shares of Universal Display from $208.00 to $243.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.88.

About Universal Display

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.