Universal Display Co. (NASDAQ:OLED) Shares Sold by US Bancorp DE

US Bancorp DE decreased its stake in shares of Universal Display Co. (NASDAQ:OLED) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,738 shares of the semiconductor company’s stock after selling 299 shares during the period. US Bancorp DE’s holdings in Universal Display were worth $693,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Universal Display by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 799,352 shares of the semiconductor company’s stock worth $167,825,000 after acquiring an additional 15,015 shares in the last quarter. Jennison Associates LLC grew its position in shares of Universal Display by 58.2% during the 4th quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company’s stock valued at $99,975,000 after buying an additional 251,557 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Universal Display by 10.7% in the fourth quarter. Bank of New York Mellon Corp now owns 437,592 shares of the semiconductor company’s stock valued at $63,976,000 after acquiring an additional 42,218 shares during the period. Southpoint Capital Advisors LP raised its position in shares of Universal Display by 46.0% during the 3rd quarter. Southpoint Capital Advisors LP now owns 365,000 shares of the semiconductor company’s stock worth $76,614,000 after purchasing an additional 115,000 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Universal Display by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 333,872 shares of the semiconductor company’s stock valued at $70,080,000 after purchasing an additional 10,046 shares during the period. 78.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on OLED shares. 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 research report on Thursday, January 2nd. Citigroup reduced their price objective on Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Susquehanna lowered their target price on Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. The Goldman Sachs Group reduced their price target on Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, 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 research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $190.43.

Universal Display Stock Down 2.4 %

Shares of NASDAQ OLED opened at $155.87 on Tuesday. The firm’s 50-day simple moving average is $148.89 and its 200 day simple moving average is $171.71. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 33.52, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40. Universal Display Co. has a 12-month low of $140.17 and a 12-month high of $237.00.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The company had revenue of $162.29 million for the quarter, compared to analyst estimates of $152.75 million. On average, equities analysts expect that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.45 per share. 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. This represents a $1.80 annualized dividend and a dividend yield of 1.15%. Universal Display’s payout ratio is 38.71%.

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.