Universal Display Corporation $OLED Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its stake in Universal Display Corporation by 12.5%, holding approximately 139,559 shares valued at $19.47 million after selling 20,026 shares in the first quarter.
• Universal Display recently reported earnings showing an EPS of $1.41, surpassing estimates of $1.18 and achieving a revenue of $171.79 million, representing an 8.4% increase year-over-year.
• The company declared a quarterly dividend of $0.45 per share, with a payout ratio of 35.16% and an annualized yield of 1.2%.

Deutsche Bank AG decreased its holdings in Universal Display Corporation (NASDAQ:OLED - Free Report) by 12.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 139,559 shares of the semiconductor company's stock after selling 20,026 shares during the quarter. Deutsche Bank AG owned 0.29% of Universal Display worth $19,466,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in Universal Display by 5.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 358,612 shares of the semiconductor company's stock valued at $50,019,000 after purchasing an additional 17,593 shares in the last quarter. Primecap Management Co. CA lifted its holdings in Universal Display by 2.1% during the first quarter. Primecap Management Co. CA now owns 1,835,722 shares of the semiconductor company's stock valued at $256,047,000 after purchasing an additional 38,590 shares in the last quarter. US Bancorp DE increased its stake in Universal Display by 31.0% in the 1st quarter. US Bancorp DE now owns 6,208 shares of the semiconductor company's stock worth $866,000 after buying an additional 1,470 shares in the last quarter. Wealthquest Corp purchased a new stake in Universal Display in the 1st quarter worth $1,855,000. Finally, Natixis Advisors LLC increased its stake in Universal Display by 15.4% in the 1st quarter. Natixis Advisors LLC now owns 18,869 shares of the semiconductor company's stock worth $2,632,000 after buying an additional 2,522 shares in the last quarter. Hedge funds and other institutional investors own 78.19% of the company's stock.

Universal Display Price Performance

Shares of OLED stock traded up $0.72 during mid-day trading on Monday, hitting $142.19. The company had a trading volume of 59,845 shares, compared to its average volume of 658,021. Universal Display Corporation has a 52-week low of $103.70 and a 52-week high of $215.90. The stock's 50 day moving average price is $151.19 and its 200-day moving average price is $144.53. The company has a market capitalization of $6.76 billion, a P/E ratio of 27.77, a P/E/G ratio of 1.51 and a beta of 1.47.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.18 by $0.23. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The firm had revenue of $171.79 million during the quarter, compared to the consensus estimate of $161.58 million. During the same quarter last year, the firm earned $1.10 EPS. The firm's revenue for the quarter was up 8.4% compared to the same quarter last year. On average, equities research analysts expect that Universal Display Corporation will post 4.71 earnings per share for the current year.

Universal Display Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 16th. Universal Display's payout ratio is currently 35.16%.

Analyst Upgrades and Downgrades

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