UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $164.54 Million Stock Position in Universal Display Co. (NASDAQ:OLED)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Universal Display Co. (NASDAQ:OLED - Free Report) by 11.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,125,440 shares of the semiconductor company's stock after selling 145,423 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 2.37% of Universal Display worth $164,539,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Universal Display by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,784,099 shares of the semiconductor company's stock worth $699,435,000 after acquiring an additional 67,590 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Universal Display by 2.8% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,536,513 shares of the semiconductor company's stock valued at $370,838,000 after acquiring an additional 69,043 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Universal Display by 12.8% in the 4th quarter. Geode Capital Management LLC now owns 901,315 shares of the semiconductor company's stock worth $131,806,000 after buying an additional 101,963 shares during the last quarter. Jennison Associates LLC lifted 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 worth $99,975,000 after buying an additional 251,557 shares during the last quarter. Finally, Norges Bank bought a new stake in Universal Display in the 4th quarter valued at about $95,924,000. Hedge funds and other institutional investors own 78.19% of the company's stock.

Universal Display Stock Performance

Shares of OLED stock traded down $2.17 during trading on Wednesday, hitting $144.79. 66,953 shares of the company were exchanged, compared to its average volume of 591,320. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 31.18, a P/E/G ratio of 1.61 and a beta of 1.46. The business's 50-day simple moving average is $133.91 and its 200 day simple moving average is $146.69. 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 quarterly earnings results on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.07 by $0.28. The business had revenue of $166.28 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the company posted $1.19 earnings per share. On average, equities analysts forecast that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 1.24%. The ex-dividend date is Monday, June 16th. Universal Display's dividend payout ratio is currently 37.42%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Citigroup lowered their target price on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Roth Mkm lifted their price objective on shares of Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Needham & Company LLC reaffirmed a "buy" rating and issued a $170.00 price objective on shares of Universal Display in a research note on Friday, May 2nd. Wall Street Zen raised shares of Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group lowered their price objective on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Universal Display has a consensus rating of "Moderate Buy" and an average 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.