Guggenheim Capital LLC Sells 5,115 Shares of Universal Display Co. (NASDAQ:OLED)

Guggenheim Capital LLC lowered its position in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 23.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,094 shares of the semiconductor company's stock after selling 5,115 shares during the quarter. Guggenheim Capital LLC's holdings in Universal Display were worth $2,499,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. increased its holdings in shares of Universal Display by 280.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 154 shares during the period. Blue Trust Inc. boosted its stake in shares of Universal Display by 401.9% during the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock valued at $38,000 after buying an additional 209 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Universal Display in the fourth quarter worth $40,000. Farther Finance Advisors LLC raised its holdings in shares of Universal Display by 761.1% during the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock worth $45,000 after acquiring an additional 274 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Universal Display by 185.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company's stock valued at $52,000 after purchasing an additional 232 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company's stock.

Universal Display Trading Up 5.8 %

NASDAQ:OLED traded up $6.92 during mid-day trading on Thursday, hitting $125.40. The company's stock had a trading volume of 312,717 shares, compared to its average volume of 558,579. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 26.97, a P/E/G ratio of 1.61 and a beta of 1.42. Universal Display Co. has a fifty-two week low of $103.70 and a fifty-two week high of $237.00. The stock has a fifty day moving average of $138.36 and a 200-day moving average of $156.29.

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

Universal Display Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently commented on OLED shares. StockNews.com cut Universal Display from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Roth Mkm increased their price target on shares of Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Citigroup reduced 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 note on Monday, February 10th. Needham & Company LLC lowered their target price on shares of Universal Display from $215.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Finally, Oppenheimer reduced 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $190.43.

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.