Universal Display Co. (NASDAQ:OLED) Stock Holdings Lowered by Sei Investments Co.

Sei Investments Co. cut its stake in Universal Display Co. (NASDAQ:OLED - Free Report) by 19.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,240 shares of the semiconductor company's stock after selling 16,798 shares during the quarter. Sei Investments Co. owned about 0.15% of Universal Display worth $10,122,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in Universal Display in the third quarter valued at approximately $30,000. True Wealth Design LLC purchased a new position in shares of Universal Display in the third quarter valued at $36,000. Blue Trust Inc. grew its holdings in Universal Display by 401.9% during the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 209 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Universal Display by 761.1% during the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock worth $45,000 after buying an additional 274 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in Universal Display by 185.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company's stock worth $52,000 after buying an additional 232 shares in the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on OLED. Roth Mkm raised 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. Oppenheimer dropped 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 cut their target price on Universal Display from $215.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. StockNews.com raised shares of Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, March 21st. Finally, The Goldman Sachs Group cut their price target 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. Three equities research analysts have rated the stock with 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 target price of $190.43.

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Universal Display Price Performance

OLED traded down $21.38 during trading hours on Thursday, hitting $117.52. 1,348,667 shares of the stock were exchanged, compared to its average volume of 517,247. Universal Display Co. has a 12 month low of $117.35 and a 12 month high of $237.00. The stock has a 50-day simple moving average of $148.26 and a 200-day simple moving average of $166.34. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40.

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

Universal Display Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.53%. This is a boost from Universal Display's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, March 17th. 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.