ProShare Advisors LLC Has $1.34 Million Stake in Universal Display Co. (NASDAQ:OLED)

ProShare Advisors LLC trimmed its holdings in Universal Display Co. (NASDAQ:OLED - Free Report) by 49.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,171 shares of the semiconductor company's stock after selling 8,995 shares during the quarter. ProShare Advisors LLC's holdings in Universal Display were worth $1,341,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC Asset Management Inc grew its position in Universal Display by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company's stock valued at $215,000 after buying an additional 73 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in Universal Display by 5.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,615 shares of the semiconductor company's stock valued at $245,000 after buying an additional 85 shares during the last quarter. Arizona State Retirement System grew its position in Universal Display by 0.7% in the 4th quarter. Arizona State Retirement System now owns 13,065 shares of the semiconductor company's stock valued at $1,910,000 after buying an additional 88 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Universal Display by 0.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company's stock worth $1,475,000 after purchasing an additional 90 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Universal Display by 0.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the semiconductor company's stock worth $1,798,000 after purchasing an additional 100 shares in the last quarter. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Universal Display Trading Up 2.7%

Shares of NASDAQ OLED traded up $3.91 on Tuesday, reaching $146.92. 62,034 shares of the company traded hands, compared to its average volume of 591,608. The company has a 50 day moving average of $134.00 and a 200 day moving average of $146.69. The stock has a market capitalization of $6.98 billion, a PE ratio of 31.59, a P/E/G ratio of 1.61 and a beta of 1.46. Universal Display Co. has a fifty-two week low of $103.70 and a fifty-two week high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $166.28 million during the quarter, compared to analysts' expectations of $154.76 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. Universal Display's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.19 EPS. As a group, research analysts expect that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Monday, June 16th. Universal Display's dividend payout ratio is currently 37.42%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. The Goldman Sachs Group decreased 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. Needham & Company LLC restated a "buy" rating and set a $170.00 target price on shares of Universal Display in a research report on Friday, May 2nd. Wall Street Zen upgraded shares of Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Susquehanna decreased their price objective 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. Finally, Citigroup cut their target price on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Universal Display currently has an average rating of "Moderate Buy" and a consensus price target of $190.43.

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.