Universal Display Co. (NASDAQ:OLED) Shares Sold by Cerity Partners LLC

Cerity Partners LLC decreased its position in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 49.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,337 shares of the semiconductor company's stock after selling 4,251 shares during the quarter. Cerity Partners LLC's holdings in Universal Display were worth $634,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of OLED. Vanguard Group Inc. lifted its stake in shares of Universal Display by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,784,099 shares of the semiconductor company's stock worth $699,435,000 after buying an additional 67,590 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Universal Display by 12.8% during the 4th quarter. Geode Capital Management LLC now owns 901,315 shares of the semiconductor company's stock worth $131,806,000 after purchasing an additional 101,963 shares during the last quarter. Jennison Associates LLC grew its position in shares of Universal Display by 58.2% in the fourth quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company's stock valued at $99,975,000 after purchasing an additional 251,557 shares in the last quarter. Norges Bank acquired a new stake in shares of Universal Display in the fourth quarter valued at approximately $95,924,000. Finally, Bank of New York Mellon Corp boosted its stake in Universal Display by 10.7% during the fourth quarter. Bank of New York Mellon Corp now owns 437,592 shares of the semiconductor company's stock worth $63,976,000 after buying an additional 42,218 shares during the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OLED has been the topic of several recent research reports. Oppenheimer lowered their price target 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. StockNews.com lowered Universal Display from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. Needham & Company LLC lowered their price target on Universal Display from $215.00 to $170.00 and set a "buy" rating for the company in a report on Friday, February 21st. Susquehanna decreased their target price on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Finally, Citigroup lowered their price objective on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.43.

Universal Display Trading Up 5.5 %

NASDAQ:OLED traded up $6.48 during trading hours on Thursday, hitting $124.96. The company's stock had a trading volume of 242,916 shares, compared to its average volume of 767,083. The stock has a fifty day moving average of $138.36 and a 200-day moving average of $156.29. The stock has a market capitalization of $5.93 billion, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42. Universal Display Co. has a 52-week low of $103.70 and a 52-week high of $237.00.

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

Universal Display Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Monday, March 17th. This is an increase from Universal Display's previous quarterly dividend of $0.40. Universal Display's dividend payout ratio (DPR) is currently 38.71%.

Universal Display Company 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.