Universal Display Co. (NASDAQ:OLED) Shares Sold by Cerity Partners LLC

Cerity Partners LLC decreased its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 49.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,337 shares of the semiconductor company's stock after selling 4,251 shares during the quarter. Cerity Partners LLC's holdings in Universal Display were worth $634,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Norges Bank purchased a new position in Universal Display in the fourth quarter worth approximately $95,924,000. Raymond James Financial Inc. acquired a new stake in shares of Universal Display in the 4th quarter valued at $41,504,000. Jennison Associates LLC raised its holdings in shares of Universal Display by 58.2% in the 4th quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company's stock valued at $99,975,000 after purchasing an additional 251,557 shares in the last quarter. Barclays PLC lifted its position in shares of Universal Display by 753.8% during the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock worth $44,608,000 after purchasing an additional 187,627 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Universal Display by 12.8% during the fourth quarter. Geode Capital Management LLC now owns 901,315 shares of the semiconductor company's stock worth $131,806,000 after purchasing an additional 101,963 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on OLED. Oppenheimer decreased their price target on Universal Display from $220.00 to $200.00 and set an "outperform" rating for the company in a report on Thursday, January 2nd. Roth Mkm boosted their target price on Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Susquehanna dropped their price target on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group reduced their price objective on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Finally, StockNews.com lowered shares of Universal Display from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.43.

Universal Display Trading Down 1.5 %

OLED stock traded down $1.87 on Friday, hitting $123.58. The company's stock had a trading volume of 59,153 shares, compared to its average volume of 558,034. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42. The firm has a 50 day moving average of $138.02 and a two-hundred day moving average of $155.71. Universal Display Co. has a 1 year low of $103.70 and a 1 year high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.14. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The business had revenue of $162.29 million during the quarter, compared to analysts' expectations of $152.75 million. As a group, equities analysts forecast that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.45 per share. The ex-dividend date was Monday, March 17th. This is an increase from Universal Display's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.46%. Universal Display's dividend payout ratio (DPR) is currently 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.