Copeland Capital Management LLC Sells 43,525 Shares of Universal Display Co. (NASDAQ:OLED)

Copeland Capital Management LLC lessened its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 9.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 410,904 shares of the semiconductor company's stock after selling 43,525 shares during the period. Universal Display accounts for 1.5% of Copeland Capital Management LLC's portfolio, making the stock its 14th largest holding. Copeland Capital Management LLC owned 0.87% of Universal Display worth $86,249,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Red Spruce Capital LLC grew its holdings in Universal Display by 0.7% during the second quarter. Red Spruce Capital LLC now owns 11,146 shares of the semiconductor company's stock valued at $2,343,000 after purchasing an additional 76 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Universal Display by 7.6% during the second quarter. CIBC Asset Management Inc now owns 1,351 shares of the semiconductor company's stock valued at $284,000 after acquiring an additional 96 shares during the period. UMB Bank n.a. lifted its holdings in shares of Universal Display by 42.1% during the third quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company's stock valued at $68,000 after acquiring an additional 96 shares during the period. Bahl & Gaynor Inc. lifted its holdings in shares of Universal Display by 0.5% during the first quarter. Bahl & Gaynor Inc. now owns 18,645 shares of the semiconductor company's stock valued at $3,141,000 after acquiring an additional 101 shares during the period. Finally, Inspire Investing LLC raised its holdings in shares of Universal Display by 5.4% in the first quarter. Inspire Investing LLC now owns 2,107 shares of the semiconductor company's stock valued at $355,000 after buying an additional 108 shares during the last quarter. Institutional investors and hedge funds own 78.19% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. The Goldman Sachs Group increased their target price on Universal Display from $208.00 to $243.00 and gave the company a "buy" rating in a research report on Thursday, July 18th. Roth Mkm boosted their target price on shares of Universal Display from $189.00 to $217.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Oppenheimer lifted their price target on shares of Universal Display from $200.00 to $250.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 3rd. Susquehanna boosted their price objective on shares of Universal Display from $170.00 to $175.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. Finally, Needham & Company LLC lifted their price objective on Universal Display from $198.00 to $242.00 and gave the company a "buy" rating in a research report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Universal Display presently has a consensus rating of "Moderate Buy" and an average price target of $225.88.

Universal Display Price Performance

Shares of Universal Display stock traded up $0.75 during trading on Tuesday, reaching $205.27. 261,169 shares of the stock traded hands, compared to its average volume of 362,011. The company has a market capitalization of $9.74 billion, a price-to-earnings ratio of 44.05, a P/E/G ratio of 2.18 and a beta of 1.42. Universal Display Co. has a 52-week low of $133.67 and a 52-week high of $237.00. The business has a fifty day simple moving average of $199.36 and a two-hundred day simple moving average of $192.10.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.04). The firm had revenue of $158.50 million during the quarter, compared to the consensus estimate of $159.46 million. Universal Display had a return on equity of 15.25% and a net margin of 35.74%. The business's revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.04 EPS. On average, research analysts predict that Universal Display Co. will post 4.81 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.60 annualized dividend and a yield of 0.78%. Universal Display's dividend payout ratio is currently 34.33%.

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.