Universal Display Corporation (NASDAQ:OLED) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC decreased its position in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 1.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 397,756 shares of the semiconductor company's stock after selling 6,552 shares during the period. Copeland Capital Management LLC owned about 0.84% of Universal Display worth $55,479,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in OLED. Orion Capital Management LLC bought a new stake in shares of Universal Display in the 4th quarter worth about $29,000. Brown Brothers Harriman & Co. increased its holdings in Universal Display by 280.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock valued at $31,000 after buying an additional 154 shares during the last quarter. Golden State Wealth Management LLC raised its stake in Universal Display by 4,700.0% during the first quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company's stock valued at $33,000 after buying an additional 235 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Universal Display during the 4th quarter worth approximately $40,000. Finally, Farther Finance Advisors LLC grew its position in shares of Universal Display by 761.1% in the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock worth $45,000 after acquiring an additional 274 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company's stock.

Universal Display Stock Performance

Shares of OLED traded up $2.34 during midday trading on Tuesday, hitting $156.80. 412,618 shares of the stock traded hands, compared to its average volume of 608,186. The business's 50 day moving average price is $146.55 and its two-hundred day moving average price is $144.70. The firm has a market capitalization of $7.45 billion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 1.69 and a beta of 1.50. Universal Display Corporation has a 1-year low of $103.70 and a 1-year high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.28. Universal Display had a net margin of 35.40% and a return on equity of 15.35%. The firm had revenue of $166.28 million during the quarter, compared to analyst estimates of $154.76 million. During the same period in the previous year, the business posted $1.19 EPS. Universal Display's revenue was up .6% on a year-over-year basis. As a group, equities research analysts forecast that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Monday, June 16th. Universal Display's dividend payout ratio (DPR) is 37.42%.

Wall Street Analyst Weigh In

OLED has been the topic of several research analyst reports. Needham & Company LLC restated a "buy" rating and set a $170.00 price objective on shares of Universal Display in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Universal Display currently has an average rating of "Moderate Buy" and an average target price of $190.43.

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.