Universal Display Co. (NASDAQ:OLED) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in shares of Universal Display Co. (NASDAQ:OLED) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,316 shares of the semiconductor company’s stock after selling 534 shares during the period. Mutual of America Capital Management LLC’s holdings in Universal Display were worth $3,409,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Glenmede Trust Co. NA grew its holdings in Universal Display by 1.6% during the third quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock worth $1,269,000 after acquiring an additional 97 shares during the period. BNP Paribas Financial Markets grew its holdings in Universal Display by 8.8% during the third quarter. BNP Paribas Financial Markets now owns 52,713 shares of the semiconductor company’s stock worth $11,064,000 after acquiring an additional 4,269 shares during the period. Montanaro Asset Management Ltd grew its holdings in Universal Display by 217.4% during the third quarter. Montanaro Asset Management Ltd now owns 63,260 shares of the semiconductor company’s stock worth $13,278,000 after acquiring an additional 43,330 shares during the period. Cerity Partners LLC boosted its position in shares of Universal Display by 385.2% in the 3rd quarter. Cerity Partners LLC now owns 8,588 shares of the semiconductor company’s stock valued at $1,803,000 after purchasing an additional 6,818 shares during the period. Finally, Pacer Advisors Inc. boosted its position in shares of Universal Display by 37.2% in the 4th quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company’s stock valued at $3,983,000 after purchasing an additional 7,390 shares during the period. 78.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OLED. Roth Mkm increased their price target on Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Oppenheimer decreased their price target on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, January 2nd. The Goldman Sachs Group decreased 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. Needham & Company LLC decreased their price target on Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, Susquehanna decreased their price target on Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $190.43.

Universal Display Trading Up 2.6 %

Shares of NASDAQ OLED opened at $152.76 on Thursday. Universal Display Co. has a one year low of $140.17 and a one year high of $237.00. The firm has a market capitalization of $7.25 billion, a PE ratio of 32.85, a PEG ratio of 1.61 and a beta of 1.39. The business has a 50-day moving average price of $148.55 and a two-hundred day moving average price of $172.73.

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

Universal Display Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.18%. 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. Universal Display’s payout ratio is currently 38.71%.

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.