Corient Private Wealth LLC lessened its holdings in Universal Display Co. (NASDAQ:OLED - Free Report) by 41.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,033 shares of the semiconductor company's stock after selling 10,652 shares during the period. Corient Private Wealth LLC's holdings in Universal Display were worth $2,198,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. Empowered Funds LLC increased its stake in shares of Universal Display by 21.2% during the third quarter. Empowered Funds LLC now owns 1,833 shares of the semiconductor company's stock worth $385,000 after buying an additional 320 shares during the period. Natixis Advisors LLC lifted its holdings in Universal Display by 20.4% during the 3rd quarter. Natixis Advisors LLC now owns 14,477 shares of the semiconductor company's stock worth $3,039,000 after buying an additional 2,456 shares during the last quarter. Pathstone Holdings LLC boosted its position in shares of Universal Display by 7.6% during the 3rd quarter. Pathstone Holdings LLC now owns 9,668 shares of the semiconductor company's stock worth $2,029,000 after acquiring an additional 686 shares in the last quarter. Caprock Group LLC purchased a new position in shares of Universal Display in the 3rd quarter valued at about $234,000. Finally, Prospera Financial Services Inc raised its position in shares of Universal Display by 4.4% during the 3rd quarter. Prospera Financial Services Inc now owns 2,576 shares of the semiconductor company's stock worth $542,000 after acquiring an additional 108 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company's stock.
Analyst Ratings Changes
A number of research firms have weighed in on OLED. 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 report on Thursday, January 2nd. StockNews.com raised Universal Display from a "sell" rating to a "hold" rating in a report on Friday, March 21st. Roth Mkm boosted their target price on Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a report on Friday, February 21st. Susquehanna decreased their target price 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. Finally, The Goldman Sachs Group reduced their price objective on Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $190.43.
Check Out Our Latest Research Report on OLED
Universal Display Trading Down 1.4 %
Shares of NASDAQ OLED traded down $2.19 during midday trading on Thursday, reaching $149.74. 414,090 shares of the company were exchanged, compared to its average volume of 491,291. The stock has a fifty day simple moving average of $149.50 and a 200 day simple moving average of $168.70. The stock has a market cap of $7.11 billion, a P/E ratio of 32.20, a PEG ratio of 1.61 and a beta of 1.40. Universal Display Co. has a 1 year low of $140.17 and a 1 year high of $237.00.
Universal Display (NASDAQ:OLED - Get Free Report) last announced its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $152.75 million. As a group, 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 disclosed 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. The ex-dividend date is Monday, March 17th. This represents a $1.80 dividend on an annualized basis and a yield of 1.20%. This is an increase from Universal Display's previous quarterly dividend of $0.40. Universal Display's dividend payout ratio is presently 38.71%.
About Universal Display
(
Free Report)
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.
Recommended Stories
Before you consider Universal Display, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Universal Display wasn't on the list.
While Universal Display currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
