Segall Bryant & Hamill LLC Sells 18,024 Shares of Universal Display Co. (NASDAQ:OLED)

Segall Bryant & Hamill LLC lowered its holdings in Universal Display Co. (NASDAQ:OLED - Free Report) by 16.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,006 shares of the semiconductor company's stock after selling 18,024 shares during the quarter. Segall Bryant & Hamill LLC owned 0.19% of Universal Display worth $13,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of OLED. Raymond James Financial Inc. bought a new stake in Universal Display in the 4th quarter worth approximately $41,504,000. Jennison Associates LLC boosted its stake in shares of Universal Display by 58.2% in the 4th quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company's stock worth $99,975,000 after buying an additional 251,557 shares during the last quarter. Barclays PLC grew its holdings in shares of Universal Display by 753.8% in the third quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock worth $44,608,000 after acquiring an additional 187,627 shares during the period. Southpoint Capital Advisors LP increased its position in Universal Display by 46.0% during the third quarter. Southpoint Capital Advisors LP now owns 365,000 shares of the semiconductor company's stock valued at $76,614,000 after acquiring an additional 115,000 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Universal Display by 95.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 189,603 shares of the semiconductor company's stock valued at $27,720,000 after acquiring an additional 92,410 shares during the period. 78.19% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research firms have issued reports on OLED. StockNews.com upgraded Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, March 21st. Needham & Company LLC cut their target price on shares of Universal Display from $215.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, February 21st. 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 report on Friday, February 21st. Oppenheimer cut 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 report on Thursday, January 2nd. Finally, The Goldman Sachs Group decreased their target price on Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $190.43.

Universal Display Trading Down 3.1 %

Shares of OLED traded down $4.57 during trading hours on Friday, reaching $145.17. 476,057 shares of the stock traded hands, compared to its average volume of 509,491. The company has a market cap of $6.89 billion, a P/E ratio of 31.22, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40. The company's 50-day moving average price is $149.47 and its two-hundred day moving average price is $167.82. Universal Display Co. has a 52-week low of $140.17 and a 52-week high of $237.00.

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 for the quarter, topping analysts' consensus estimates of $1.08 by $0.14. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The firm had revenue of $162.29 million during the quarter, compared to analyst estimates of $152.75 million. On average, research analysts forecast that Universal Display Co. will post 4.71 EPS for the current 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 dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.80 annualized dividend and a dividend yield of 1.24%. This is a boost from Universal Display's previous quarterly dividend of $0.40. Universal Display's dividend payout ratio (DPR) is presently 38.71%.

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.