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

ProShare Advisors LLC cut its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 49.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,171 shares of the semiconductor company's stock after selling 8,995 shares during the period. ProShare Advisors LLC's holdings in Universal Display were worth $1,341,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Universal Display by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 4,784,099 shares of the semiconductor company's stock valued at $699,435,000 after buying an additional 67,590 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Universal Display by 2.8% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,536,513 shares of the semiconductor company's stock worth $370,838,000 after acquiring an additional 69,043 shares in the last quarter. Geode Capital Management LLC lifted its stake in Universal Display by 12.8% in the fourth quarter. Geode Capital Management LLC now owns 901,315 shares of the semiconductor company's stock valued at $131,806,000 after acquiring an additional 101,963 shares during the last quarter. Jennison Associates LLC grew its position in shares of Universal Display by 58.2% in 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 during the period. Finally, Norges Bank bought a new position in shares of Universal Display in the 4th quarter valued at about $95,924,000. 78.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OLED. Susquehanna dropped their target price on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. StockNews.com upgraded Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $170.00 price objective on shares of Universal Display in a research report on Friday, May 2nd. Roth Mkm boosted their target price on Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a 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 note on Monday, February 10th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Universal Display presently has an average rating of "Moderate Buy" and an average target price of $190.43.

Universal Display Stock Down 3.4%

Universal Display stock opened at $145.96 on Thursday. The company's 50-day moving average price is $134.71 and its two-hundred day moving average price is $147.96. The stock has a market cap of $6.94 billion, a P/E ratio of 31.39, a P/E/G ratio of 1.61 and a beta of 1.46. Universal Display Co. has a twelve month low of $103.70 and a twelve month high of $237.00.

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

Universal Display Dividend Announcement

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

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.

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