Princeton Capital Management LLC Sells 4,372 Shares of Universal Display Corporation (NASDAQ:OLED)

Princeton Capital Management LLC lowered its position in Universal Display Corporation (NASDAQ:OLED - Free Report) by 9.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,520 shares of the semiconductor company's stock after selling 4,372 shares during the quarter. Universal Display makes up approximately 2.1% of Princeton Capital Management LLC's holdings, making the stock its 10th biggest position. Princeton Capital Management LLC owned about 0.09% of Universal Display worth $5,931,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new stake in Universal Display during the 4th quarter worth approximately $29,000. Brown Brothers Harriman & Co. lifted its stake 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 purchasing an additional 154 shares during the period. Golden State Wealth Management LLC raised its stake in Universal Display by 4,700.0% during the 1st quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company's stock worth $33,000 after buying an additional 235 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in Universal Display during the 4th quarter worth $40,000. Finally, Global X Japan Co. Ltd. bought a new position in Universal Display during the 1st quarter worth about $49,000. Hedge funds and other institutional investors own 78.19% of the company's stock.

Universal Display Stock Performance

Shares of NASDAQ OLED traded down $0.30 during trading on Friday, hitting $149.21. 296,815 shares of the company traded hands, compared to its average volume of 412,889. The business's fifty day moving average is $152.54 and its 200 day moving average is $145.19. Universal Display Corporation has a fifty-two week low of $103.70 and a fifty-two week high of $231.83. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 1.62 and a beta of 1.51.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.28. Universal Display had a net margin of 35.40% and a return on equity of 15.35%. The firm had revenue of $166.28 million for the quarter, compared to analyst estimates of $154.76 million. During the same quarter in the prior year, the business earned $1.19 earnings per share. The business's quarterly revenue was up .6% compared to the same quarter last year. On average, analysts predict that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a dividend of $0.45 per share. The ex-dividend date was Monday, June 16th. This represents a $1.80 annualized dividend and a dividend yield of 1.21%. Universal Display's dividend payout ratio is currently 37.42%.

Analyst Ratings Changes

A number of equities analysts recently commented on OLED shares. Needham & Company LLC reiterated a "buy" rating and set a $170.00 price target on shares of Universal Display in a report on Friday, May 2nd. Wall Street Zen upgraded shares of Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus 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.