Nuveen Asset Management LLC Sells 11,438 Shares of Universal Display Co. (NASDAQ:OLED)

Nuveen Asset Management LLC lowered its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 9.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,937 shares of the semiconductor company's stock after selling 11,438 shares during the quarter. Nuveen Asset Management LLC owned about 0.22% of Universal Display worth $15,196,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. LRI Investments LLC grew its stake in Universal Display by 2,141.9% in the 4th quarter. LRI Investments LLC now owns 964 shares of the semiconductor company's stock valued at $141,000 after buying an additional 921 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Universal Display by 38.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 16,940 shares of the semiconductor company's stock valued at $2,477,000 after acquiring an additional 4,686 shares during the period. Janus Henderson Group PLC grew its position in shares of Universal Display by 41.5% in the fourth quarter. Janus Henderson Group PLC now owns 551,673 shares of the semiconductor company's stock valued at $80,674,000 after purchasing an additional 161,782 shares during the last quarter. Jefferies Financial Group Inc. grew its position in shares of Universal Display by 171.2% in the fourth quarter. Jefferies Financial Group Inc. now owns 3,206 shares of the semiconductor company's stock valued at $469,000 after purchasing an additional 2,024 shares during the last quarter. Finally, Gotham Asset Management LLC increased its stake in shares of Universal Display by 123.6% in the fourth quarter. Gotham Asset Management LLC now owns 98,487 shares of the semiconductor company's stock worth $14,399,000 after purchasing an additional 54,433 shares during the period. Institutional investors own 78.19% of the company's stock.

Universal Display Price Performance

Shares of OLED stock traded down $1.87 on Friday, reaching $143.57. 55,363 shares of the stock were exchanged, compared to its average volume of 592,117. Universal Display Co. has a one year low of $103.70 and a one year high of $237.00. The stock has a market cap of $6.82 billion, a PE ratio of 30.89, a P/E/G ratio of 1.61 and a beta of 1.46. The stock has a 50 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 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.28. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The firm had revenue of $166.28 million during the quarter, compared to analyst estimates of $154.76 million. During the same period last year, the company earned $1.19 earnings per share. The company's revenue was up .6% on a year-over-year basis. On average, research analysts expect that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Monday, June 16th. Universal Display's dividend payout ratio is presently 37.42%.

Wall Street Analyst Weigh In

OLED has been the topic of a number of research analyst reports. Citigroup lowered their target price on Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. Roth Mkm raised their price objective on shares of Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. The Goldman Sachs Group dropped their target price on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Wall Street Zen upgraded Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, Susquehanna decreased their target price on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.