UniSuper Management Pty Ltd Sells 12,100 Shares of Universal Display Co. (NASDAQ:OLED)

UniSuper Management Pty Ltd reduced its stake in Universal Display Co. (NASDAQ:OLED - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 95,836 shares of the semiconductor company's stock after selling 12,100 shares during the quarter. UniSuper Management Pty Ltd owned about 0.20% of Universal Display worth $14,011,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in Universal Display during the third quarter worth approximately $30,000. True Wealth Design LLC bought a new stake in shares of Universal Display during the third quarter worth about $36,000. Blue Trust Inc. raised its stake in shares of Universal Display by 401.9% in 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 last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Universal Display by 761.1% in 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 in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of 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 buying an additional 232 shares during the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on OLED shares. Needham & Company LLC dropped their price objective on Universal Display from $215.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. 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. Oppenheimer decreased 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 note on Thursday, January 2nd. StockNews.com upgraded Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, March 21st. Finally, Susquehanna decreased their price target on Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. 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, Universal Display presently has a consensus rating of "Moderate Buy" and an average price target of $190.43.

Universal Display Price Performance

NASDAQ OLED traded up $0.94 on Tuesday, reaching $140.42. 88,359 shares of the company's stock traded hands, compared to its average volume of 509,270. The stock has a market cap of $6.67 billion, a PE ratio of 30.17, a P/E/G ratio of 1.61 and a beta of 1.40. Universal Display Co. has a 12 month low of $135.34 and a 12 month high of $237.00. The stock has a 50-day simple moving average of $149.28 and a 200 day simple moving average of $167.37.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly earnings data 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 for 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%. As a group, analysts anticipate that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Increases Dividend

The firm 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 of this dividend was Monday, March 17th. This is a boost from Universal Display's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.28%. 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.