Universal Display Co. (NASDAQ:OLED) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP decreased its holdings in Universal Display Co. (NASDAQ:OLED - Free Report) by 87.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,301 shares of the semiconductor company's stock after selling 15,825 shares during the period. Two Sigma Investments LP's holdings in Universal Display were worth $336,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in OLED. Brown Brothers Harriman & Co. increased its holdings in shares of Universal Display by 280.0% in the 4th 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. increased 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 buying an additional 209 shares in the last quarter. 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 lifted its stake in Universal Display by 761.1% in the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock valued at $45,000 after buying an additional 274 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Universal Display by 2,005.9% during the 4th quarter. Jones Financial Companies Lllp now owns 358 shares of the semiconductor company's stock worth $52,000 after purchasing an additional 341 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors.

Universal Display Stock Down 3.5%

Shares of OLED stock traded down $5.61 during mid-day trading on Friday, hitting $153.52. 559,041 shares of the company's stock were exchanged, compared to its average volume of 601,611. Universal Display Co. has a fifty-two week low of $103.70 and a fifty-two week high of $237.00. The stock has a 50-day simple moving average of $137.93 and a two-hundred day simple moving average of $145.42. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 1.61 and a beta of 1.50.

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 the consensus estimate of $1.07 by $0.28. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The company had revenue of $166.28 million for the quarter, compared to analyst estimates of $154.76 million. During the same period last year, the company posted $1.19 earnings per share. The firm's revenue was up .6% compared to the same quarter last year. As a group, analysts anticipate that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 annualized dividend and a dividend yield of 1.17%. Universal Display's payout ratio is 37.42%.

Analysts Set New Price Targets

Several research firms recently issued reports on OLED. Roth Mkm raised their price objective on shares of Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Wall Street Zen upgraded Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Susquehanna decreased their price target on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Finally, Needham & Company LLC reissued a "buy" rating and set a $170.00 price target on shares of Universal Display in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Universal Display presently has a consensus rating of "Moderate Buy" and a consensus target price 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.