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

Copeland Capital Management LLC lessened its holdings in Universal Display Corporation (NASDAQ:OLED - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 397,756 shares of the semiconductor company's stock after selling 6,552 shares during the quarter. Copeland Capital Management LLC owned 0.84% of Universal Display worth $55,479,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. CIBC Private Wealth Group LLC lifted its holdings in Universal Display by 5.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,615 shares of the semiconductor company's stock valued at $245,000 after acquiring an additional 85 shares during the period. Arizona State Retirement System lifted its holdings in Universal Display by 0.7% in the fourth quarter. Arizona State Retirement System now owns 13,065 shares of the semiconductor company's stock valued at $1,910,000 after acquiring an additional 88 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Universal Display by 0.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company's stock valued at $1,475,000 after acquiring an additional 90 shares during the period. Bessemer Group Inc. lifted its holdings in Universal Display by 3.8% in the first quarter. Bessemer Group Inc. now owns 2,603 shares of the semiconductor company's stock valued at $363,000 after acquiring an additional 95 shares during the period. Finally, Utah Retirement Systems lifted its holdings in Universal Display by 1.3% in the fourth quarter. Utah Retirement Systems now owns 7,820 shares of the semiconductor company's stock valued at $1,143,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 78.19% of the company's stock.

Universal Display Stock Performance

Shares of NASDAQ OLED traded down $0.13 during mid-day trading on Friday, reaching $156.27. 1,268,318 shares of the company's stock were exchanged, compared to its average volume of 609,988. The company's 50-day moving average is $145.74 and its 200-day moving average is $144.88. The firm has a market capitalization of $7.43 billion, a price-to-earnings ratio of 32.49, a PEG ratio of 1.69 and a beta of 1.50. Universal Display Corporation has a 52-week low of $103.70 and a 52-week high of $237.00.

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

Universal Display Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.15%. The ex-dividend date is Monday, June 16th. Universal Display's payout ratio is 37.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on OLED shares. Wall Street Zen raised Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and issued a $170.00 price objective on shares of Universal Display in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Universal Display has a consensus rating of "Moderate Buy" and a consensus target price of $190.43.

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.