Universal Display Co. (NASDAQ:OLED) Shares Sold by Tidal Investments LLC

Tidal Investments LLC lessened its holdings in Universal Display Co. (NASDAQ:OLED - Free Report) by 36.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,501 shares of the semiconductor company's stock after selling 2,536 shares during the quarter. Tidal Investments LLC's holdings in Universal Display were worth $658,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. CIBC Asset Management Inc increased its holdings in shares of 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 purchasing an additional 73 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in 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 buying an additional 85 shares during the period. Arizona State Retirement System increased its holdings in Universal Display by 0.7% in the fourth 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 in the last quarter. Commonwealth Equity Services LLC increased its holdings in Universal Display by 0.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company's stock valued at $1,475,000 after buying an additional 90 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted 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 valued at $1,798,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 78.19% of the company's stock.

Universal Display Trading Down 2.3%

Shares of NASDAQ:OLED traded down $3.41 on Friday, hitting $142.03. The company had a trading volume of 720,554 shares, compared to its average volume of 594,724. The company has a market cap of $6.75 billion, a PE ratio of 30.54, a PEG ratio of 1.61 and a beta of 1.46. Universal Display Co. has a 52-week low of $103.70 and a 52-week high of $237.00. The business has a 50 day moving average of $133.66 and a 200 day moving average of $146.47.

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

Universal Display Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.27%. Universal Display's dividend payout ratio (DPR) is currently 37.42%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OLED. Roth Mkm upped their price target on Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Wall Street Zen raised Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and issued a $170.00 price target on shares of Universal Display in a research report on Friday, May 2nd. Citigroup cut their price target on Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Finally, Susquehanna lowered 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 note on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Universal Display has an average rating of "Moderate Buy" and an average price target of $190.43.

Universal Display 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.