Universal Display Corporation $OLED Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. trimmed its position in Universal Display by 0.4%, selling 21,526 shares and now owns 5,047,581 shares—about 10.62% of the company valued at roughly $589.5 million.
• Universal Display's latest quarter missed estimates, reporting $0.76 EPS vs. $1.13 expected and revenue of $142.2 million vs. $161.2 million, a 14.5% year‑over‑year decline.
• Analysts have a consensus “Hold” rating with an average target of $130.60 while the stock recently traded near $96.56, indicating potential upside to the consensus target.

Vanguard Group Inc. trimmed its position in Universal Display Corporation (NASDAQ:OLED - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,047,581 shares of the semiconductor company's stock after selling 21,526 shares during the period. Vanguard Group Inc. owned about 10.62% of Universal Display worth $589,457,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in Universal Display by 27.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 351 shares of the semiconductor company's stock worth $50,000 after buying an additional 75 shares during the last quarter. Lido Advisors LLC boosted its holdings in Universal Display by 1.7% in the 3rd quarter. Lido Advisors LLC now owns 5,783 shares of the semiconductor company's stock worth $831,000 after buying an additional 95 shares during the last quarter. Certuity LLC boosted its holdings in Universal Display by 4.3% in the 3rd quarter. Certuity LLC now owns 2,556 shares of the semiconductor company's stock worth $367,000 after buying an additional 105 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in Universal Display by 2.8% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,869 shares of the semiconductor company's stock worth $452,000 after purchasing an additional 107 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Universal Display by 5.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,999 shares of the semiconductor company's stock worth $287,000 after purchasing an additional 108 shares in the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OLED has been the topic of a number of research reports. Weiss Ratings reissued a "hold (c-)" rating on shares of Universal Display in a research note on Monday, March 23rd. Roth Mkm set a $168.00 target price on shares of Universal Display in a research note on Friday. Needham & Company LLC decreased their target price on shares of Universal Display from $145.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday. Zacks Research lowered shares of Universal Display from a "hold" rating to a "strong sell" rating in a research note on Tuesday, April 21st. Finally, The Goldman Sachs Group set a $135.00 price target on shares of Universal Display in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $130.60.

Universal Display Stock Performance

OLED stock opened at $96.56 on Tuesday. The firm has a market cap of $4.51 billion, a PE ratio of 21.55, a PEG ratio of 7.97 and a beta of 1.54. The firm's 50 day moving average price is $96.82 and its 200-day moving average price is $114.76. Universal Display Corporation has a one year low of $83.64 and a one year high of $163.21.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $0.76 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.37). The firm had revenue of $142.21 million for the quarter, compared to analysts' expectations of $161.23 million. Universal Display had a net margin of 34.08% and a return on equity of 12.34%. The firm's quarterly revenue was down 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.35 EPS. Equities research analysts predict that Universal Display Corporation will post 4.73 EPS for the current fiscal year.

Universal Display Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 2.1%. Universal Display's payout ratio is presently 44.64%.

Universal Display Profile

Universal Display Corporation NASDAQ: OLED is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display's core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.

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