Commerce Bank Trims Holdings in Universal Display Co. (NASDAQ:OLED)

Commerce Bank cut its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 82.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,936 shares of the semiconductor company's stock after selling 13,529 shares during the period. Commerce Bank's holdings in Universal Display were worth $429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of OLED. Vanguard Group Inc. boosted its position in shares of Universal Display by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,784,099 shares of the semiconductor company's stock valued at $699,435,000 after buying an additional 67,590 shares during the period. Geode Capital Management LLC grew its position in Universal Display by 12.8% in the 4th quarter. Geode Capital Management LLC now owns 901,315 shares of the semiconductor company's stock valued at $131,806,000 after acquiring an additional 101,963 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Universal Display by 58.2% during the fourth quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company's stock worth $99,975,000 after purchasing an additional 251,557 shares during the last quarter. Norges Bank purchased a new stake in shares of Universal Display during the fourth quarter valued at $95,924,000. Finally, Bank of New York Mellon Corp increased its stake in Universal Display by 10.7% in the 4th quarter. Bank of New York Mellon Corp now owns 437,592 shares of the semiconductor company's stock worth $63,976,000 after buying an additional 42,218 shares during the period. 78.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. StockNews.com cut shares of Universal Display from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. Oppenheimer reduced their price objective on Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, January 2nd. Needham & Company LLC decreased their target price on 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 Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Susquehanna cut their price target on Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $190.43.

Universal Display Stock Up 0.8 %

Shares of NASDAQ OLED traded up $0.96 during trading hours on Friday, hitting $126.41. 440,763 shares of the stock were exchanged, compared to its average volume of 561,990. The company has a market cap of $6.00 billion, a PE ratio of 27.18, a PEG ratio of 1.61 and a beta of 1.42. Universal Display Co. has a 12 month low of $103.70 and a 12 month high of $237.00. The firm has a fifty day moving average price of $137.64 and a 200-day moving average price of $154.75.

Universal Display (NASDAQ:OLED - Get Free Report) last posted 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 analysts' expectations of $152.75 million. As a group, equities analysts anticipate that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.45 dividend. The ex-dividend date was Monday, March 17th. This is a boost from Universal Display's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.42%. Universal Display's dividend payout ratio (DPR) is 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.