Vestmark Advisory Solutions Inc. Has $2.04 Million Holdings in Universal Display Co. (NASDAQ:OLED)

Vestmark Advisory Solutions Inc. decreased its holdings in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 33.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,954 shares of the semiconductor company's stock after selling 6,885 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Universal Display were worth $2,040,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC increased its position in Universal Display by 60.2% during the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company's stock worth $36,000 after buying an additional 65 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Universal Display by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company's stock valued at $215,000 after acquiring an additional 73 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Universal Display by 0.7% in the 4th quarter. Arizona State Retirement System now owns 13,065 shares of the semiconductor company's stock valued at $1,910,000 after acquiring an additional 88 shares in the last quarter. Glenmede Trust Co. NA raised its stake in shares of Universal Display by 1.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company's stock valued at $1,269,000 after acquiring an additional 97 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in Universal Display by 0.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the semiconductor company's stock worth $1,798,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 78.19% of the company's stock.

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Universal Display Stock Performance

Shares of OLED traded down $6.22 during trading hours on Tuesday, reaching $149.65. 739,661 shares of the company traded hands, compared to its average volume of 753,525. Universal Display Co. has a 1-year low of $140.17 and a 1-year high of $237.00. The stock has a market cap of $7.10 billion, a P/E ratio of 32.18, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40. The stock's fifty day moving average is $148.89 and its 200 day moving average is $171.71.

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

Universal Display Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.20%. 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. Universal Display's payout ratio is 38.71%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on OLED shares. The Goldman Sachs Group dropped their price target on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Citigroup dropped their target price on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. Oppenheimer decreased their price target on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating for the company in a report on Thursday, January 2nd. StockNews.com lowered Universal Display from a "hold" rating to a "sell" rating in a research note on Friday. Finally, Roth Mkm increased their target price on Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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.