Universal Display Co. (NASDAQ:OLED) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its stake in Universal Display Co. (NASDAQ:OLED - Free Report) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and 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 approximately 0.22% of Universal Display worth $15,196,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of OLED. Brown Brothers Harriman & Co. lifted its holdings in Universal Display by 280.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 154 shares during the period. Blue Trust Inc. grew its holdings in Universal Display by 401.9% in the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 209 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Universal Display during the 4th quarter worth approximately $40,000. Farther Finance Advisors LLC raised 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 buying an additional 274 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of Universal Display by 185.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company's stock valued at $52,000 after buying an additional 232 shares in the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

Universal Display Trading Down 1.9%

OLED traded down $2.72 during mid-day trading on Wednesday, hitting $144.23. 333,369 shares of the stock were exchanged, compared to its average volume of 592,363. The firm's fifty day moving average is $133.91 and its two-hundred day moving average is $146.69. Universal Display Co. has a 1-year low of $103.70 and a 1-year high of $237.00. The company has a market cap of $6.85 billion, a PE ratio of 31.02, a PEG ratio of 1.61 and a beta of 1.46.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.28. The firm had revenue of $166.28 million for the quarter, compared to analyst estimates of $154.76 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. Universal Display's revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.19 EPS. As a group, research analysts anticipate that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.45 dividend. 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 currently 37.42%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on OLED shares. Susquehanna decreased their target price 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. Needham & Company LLC reissued a "buy" rating and issued a $170.00 price objective on shares of Universal Display in a research note on Friday, May 2nd. The Goldman Sachs Group reduced their price objective on Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Roth Mkm upped their target price on Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Wall Street Zen upgraded Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus 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.