Quantinno Capital Management LP Has $522,000 Stake in Universal Display Co. (NASDAQ:OLED)

Quantinno Capital Management LP trimmed its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 77.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,572 shares of the semiconductor company's stock after selling 12,042 shares during the period. Quantinno Capital Management LP's holdings in Universal Display were worth $522,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of OLED. CIBC Asset Management Inc raised 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 worth $215,000 after purchasing an additional 73 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Universal Display by 5.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,615 shares of the semiconductor company's stock worth $245,000 after acquiring an additional 85 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Universal Display by 0.7% during the fourth quarter. Arizona State Retirement System now owns 13,065 shares of the semiconductor company's stock valued at $1,910,000 after acquiring an additional 88 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Universal Display by 0.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company's stock valued at $1,475,000 after acquiring an additional 90 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in Universal Display by 0.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the semiconductor company's stock valued at $1,798,000 after acquiring an additional 100 shares during the last quarter. 78.19% of the stock is owned by institutional investors.

Universal Display Stock Performance

NASDAQ:OLED traded down $1.87 during trading hours on Friday, hitting $143.57. The stock had a trading volume of 55,363 shares, compared to its average volume of 592,119. The business's 50 day moving average is $133.66 and its 200-day moving average is $146.47. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 30.89, a P/E/G ratio of 1.61 and a beta of 1.46. Universal Display Co. has a one year low of $103.70 and a one year high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, beating 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 business had revenue of $166.28 million during the quarter, compared to analysts' expectations of $154.76 million. During the same quarter in the prior year, the company earned $1.19 EPS. The firm's quarterly revenue was up .6% on a year-over-year basis. On average, sell-side analysts anticipate that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Announces Dividend

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

Wall Street Analysts Forecast Growth

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