Crestwood Advisors Group LLC Sells 3,192 Shares of Universal Display Corporation (NASDAQ:OLED)

Crestwood Advisors Group LLC trimmed its holdings in Universal Display Corporation (NASDAQ:OLED - Free Report) by 2.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 131,315 shares of the semiconductor company's stock after selling 3,192 shares during the period. Crestwood Advisors Group LLC owned 0.28% of Universal Display worth $18,316,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in OLED. Farther Finance Advisors LLC increased its stake in shares of Universal Display by 761.1% during the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock worth $45,000 after purchasing an additional 274 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Universal Display by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company's stock valued at $1,475,000 after purchasing an additional 90 shares in the last quarter. Natixis Advisors LLC boosted its stake in Universal Display by 12.9% during the 4th quarter. Natixis Advisors LLC now owns 16,347 shares of the semiconductor company's stock valued at $2,390,000 after purchasing an additional 1,870 shares during the period. Xponance Inc. lifted its stake in shares of Universal Display by 7.1% in the 4th quarter. Xponance Inc. now owns 7,963 shares of the semiconductor company's stock worth $1,164,000 after acquiring an additional 530 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Universal Display during the fourth quarter valued at approximately $537,000. 78.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on OLED. Wall Street Zen raised shares of Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and set a $170.00 price target on shares of Universal Display in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Universal Display presently has an average rating of "Moderate Buy" and an average target price of $190.43.

Universal Display Stock Performance

Shares of OLED stock traded down $3.01 on Thursday, hitting $148.92. The company's stock had a trading volume of 63,957 shares, compared to its average volume of 669,305. The stock's 50 day moving average is $152.78 and its 200-day moving average is $145.21. Universal Display Corporation has a fifty-two week low of $103.70 and a fifty-two week high of $231.83. The company has a market capitalization of $7.08 billion, a PE ratio of 30.96, a PEG ratio of 1.64 and a beta of 1.51.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.28. Universal Display had a net margin of 35.40% and a return on equity of 15.35%. The business had revenue of $166.28 million during the quarter, compared to analysts' expectations of $154.76 million. During the same quarter in the prior year, the business posted $1.19 earnings per share. Universal Display's revenue was up .6% compared to the same quarter last year. On average, research analysts forecast that Universal Display Corporation will post 4.71 earnings per share for the current year.

Universal Display Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a $0.45 dividend. The ex-dividend date was Monday, June 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.21%. Universal Display's dividend payout ratio (DPR) is currently 37.42%.

About Universal Display

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.