Primecap Management Co. CA Has $262.74 Million Stake in Universal Display Co. (NASDAQ:OLED)

Primecap Management Co. CA decreased its position in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,797,132 shares of the semiconductor company's stock after selling 52,250 shares during the quarter. Primecap Management Co. CA owned about 3.79% of Universal Display worth $262,741,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. acquired a new stake in shares of Universal Display during the third quarter worth about $29,000. Brooklyn Investment Group bought a new stake in Universal Display during the 3rd quarter worth approximately $30,000. True Wealth Design LLC acquired a new stake in Universal Display during the 3rd quarter worth approximately $36,000. Blue Trust Inc. lifted its stake in Universal Display by 401.9% in the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock valued at $38,000 after buying an additional 209 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Universal Display by 761.1% in the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock valued at $45,000 after buying an additional 274 shares during the period. Institutional investors and hedge funds own 78.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OLED. The Goldman Sachs Group dropped their price objective on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. StockNews.com cut shares of Universal Display from a "hold" rating to a "sell" rating in a research note on Friday, March 7th. Roth Mkm raised their target price on shares of Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Needham & Company LLC cut their price target 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 objective on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating for the company in a research note on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $190.43.

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Universal Display Stock Down 1.9 %

Shares of OLED stock traded down $2.88 on Friday, reaching $148.50. The stock had a trading volume of 1,898,722 shares, compared to its average volume of 488,339. Universal Display Co. has a 12 month low of $140.17 and a 12 month high of $237.00. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 31.94, a P/E/G ratio of 1.61 and a beta of 1.40. The firm's 50-day moving average is $149.08 and its two-hundred day moving average is $169.80.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.14. The company 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, sell-side analysts forecast that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, March 17th. This is a positive change from Universal Display's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.21%. Universal Display's dividend payout ratio is presently 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.