Wellington Management Group LLP Reduces Holdings in Universal Display Co. (NASDAQ:OLED)

Wellington Management Group LLP reduced its position in Universal Display Co. (NASDAQ:OLED - Free Report) by 48.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 142,330 shares of the semiconductor company's stock after selling 133,265 shares during the period. Wellington Management Group LLP owned about 0.30% of Universal Display worth $20,809,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of OLED. Captrust Financial Advisors raised its holdings in shares of Universal Display by 73.3% during the 3rd quarter. Captrust Financial Advisors now owns 4,099 shares of the semiconductor company's stock worth $860,000 after buying an additional 1,734 shares in the last quarter. HighTower Advisors LLC raised its stake in Universal Display by 20.6% during the third quarter. HighTower Advisors LLC now owns 6,132 shares of the semiconductor company's stock worth $1,287,000 after buying an additional 1,048 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Universal Display during the 3rd quarter valued at about $607,000. Quarry LP grew its position in shares of Universal Display by 1,347.8% during the 3rd quarter. Quarry LP now owns 333 shares of the semiconductor company's stock worth $70,000 after buying an additional 310 shares during the period. Finally, Quantinno Capital Management LP increased its stake in Universal Display by 28.1% in the third quarter. Quantinno Capital Management LP now owns 15,614 shares of the semiconductor company's stock valued at $3,278,000 after purchasing an additional 3,422 shares in the last quarter. 78.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

OLED has been the topic of several analyst reports. StockNews.com cut shares of Universal Display from a "hold" rating to a "sell" rating in a report on Friday. Roth Mkm increased their target price on Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Susquehanna cut their price target 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. The Goldman Sachs Group lowered their target price on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Finally, Citigroup dropped their price objective on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Universal Display presently has an average rating of "Moderate Buy" and an average price target of $190.43.

Universal Display Trading Up 4.3 %

Shares of OLED traded up $4.61 during midday trading on Friday, reaching $112.72. 903,323 shares of the stock were exchanged, compared to its average volume of 547,771. The company has a market capitalization of $5.35 billion, a P/E ratio of 24.24, a PEG ratio of 1.61 and a beta of 1.42. Universal Display Co. has a 52 week low of $103.70 and a 52 week high of $237.00. The company's 50 day moving average is $142.83 and its two-hundred day moving average is $161.07.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of $152.75 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. On average, 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 $0.45 dividend. The ex-dividend date was Monday, March 17th. This is a positive change from Universal Display's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.60%. Universal Display's dividend payout ratio is 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.