Princeton Capital Management LLC Sells 1,986 Shares of Universal Display Co. (NASDAQ:OLED)

Princeton Capital Management LLC lessened its holdings in Universal Display Co. (NASDAQ:OLED - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,892 shares of the semiconductor company's stock after selling 1,986 shares during the period. Universal Display accounts for about 2.1% of Princeton Capital Management LLC's investment portfolio, making the stock its 9th biggest holding. Princeton Capital Management LLC owned approximately 0.10% of Universal Display worth $6,856,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of Universal Display in the third quarter worth about $30,000. True Wealth Design LLC bought a new position in shares of Universal Display in the 3rd quarter valued at approximately $36,000. Blue Trust Inc. boosted its position in Universal Display by 401.9% during the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 209 shares during the period. Farther Finance Advisors LLC grew its holdings in Universal Display by 761.1% during the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock valued at $45,000 after purchasing an additional 274 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Universal Display by 185.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company's stock valued at $52,000 after purchasing an additional 232 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Susquehanna decreased their price objective on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Roth Mkm raised their price target on Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research report on Friday, February 21st. StockNews.com raised Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, March 21st. 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 note on Friday, February 21st. Finally, Citigroup dropped their price target on Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $190.43.

Universal Display Stock Down 3.1 %

Shares of OLED stock traded down $4.57 during mid-day trading on Friday, reaching $145.17. The stock had a trading volume of 476,057 shares, compared to its average volume of 509,491. Universal Display Co. has a one year low of $140.17 and a one year high of $237.00. The firm has a market cap of $6.89 billion, a PE ratio of 31.22, a P/E/G ratio of 1.61 and a beta of 1.40. The firm's 50 day simple moving average is $149.47 and its 200 day simple moving average is $168.06.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.08 by $0.14. The firm 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%. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.24%. 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 dividend payout ratio is 38.71%.

About Universal Display

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.