GTS Securities LLC cut its holdings in Universal Display Co. (NASDAQ:OLED - Free Report) by 69.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,814 shares of the semiconductor company's stock after selling 13,080 shares during the quarter. GTS Securities LLC's holdings in Universal Display were worth $850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in Universal Display during the 4th quarter valued at approximately $95,924,000. Raymond James Financial Inc. bought a new stake in Universal Display during the 4th quarter valued at approximately $41,504,000. Point72 Asset Management L.P. bought a new stake in Universal Display during the 4th quarter valued at approximately $38,981,000. Jennison Associates LLC boosted its position in Universal Display by 58.2% during the 4th quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company's stock valued at $99,975,000 after acquiring an additional 251,557 shares in the last quarter. Finally, Barclays PLC boosted its position in Universal Display by 753.8% during the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock valued at $44,608,000 after acquiring an additional 187,627 shares in the last quarter. 78.19% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently commented on OLED shares. Wall Street Zen raised Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Roth Mkm boosted their price target on Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Needham & Company LLC reissued a "buy" rating and issued a $170.00 price target on shares of Universal Display in a research report on Friday, May 2nd. Susquehanna dropped their price target on Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Finally, Citigroup dropped their price target on Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Universal Display currently has a consensus rating of "Moderate Buy" and a consensus target price of $190.43.
Check Out Our Latest Stock Analysis on Universal Display
Universal Display Price Performance
NASDAQ OLED traded down $4.34 during mid-day trading on Friday, reaching $141.10. The stock had a trading volume of 149,220 shares, compared to its average volume of 592,502. Universal Display Co. has a 1 year low of $103.70 and a 1 year high of $237.00. The stock has a market cap of $6.71 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46. The company has a fifty day moving average price of $133.66 and a 200 day moving average price of $146.47.
Universal Display (NASDAQ:OLED - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.28. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The company 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 earned $1.19 EPS. The firm's revenue for the quarter was up .6% on a year-over-year basis. As a group, equities research analysts expect that Universal Display Co. will post 4.71 earnings per share for the current year.
Universal Display Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, June 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.28%. Universal Display's dividend payout ratio is presently 37.42%.
About Universal Display
(
Free Report)
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.
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