Universal Display Co. (NASDAQ:OLED) Stake Reduced by Guggenheim Capital LLC

Guggenheim Capital LLC cut its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 23.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,094 shares of the semiconductor company's stock after selling 5,115 shares during the quarter. Guggenheim Capital LLC's holdings in Universal Display were worth $2,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in OLED. Brown Brothers Harriman & Co. raised its holdings in Universal Display by 280.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock worth $31,000 after purchasing an additional 154 shares in the last quarter. Blue Trust Inc. lifted 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 acquiring an additional 209 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of Universal Display in the 4th quarter worth $40,000. Farther Finance Advisors LLC grew its stake in shares of Universal Display by 761.1% during the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock valued at $45,000 after acquiring an additional 274 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in Universal Display by 185.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company's stock worth $52,000 after buying an additional 232 shares in the last quarter. Institutional investors own 78.19% of the company's stock.

Universal Display Trading Down 0.3 %

Shares of NASDAQ OLED traded down $0.35 during trading hours on Friday, reaching $125.10. The stock had a trading volume of 77,558 shares, compared to its average volume of 558,119. The firm has a 50-day moving average of $138.02 and a 200-day moving average of $155.71. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 1.61 and a beta of 1.42. Universal Display Co. has a fifty-two week low of $103.70 and a fifty-two week high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.14. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The firm had revenue of $162.29 million during the quarter, compared to analysts' expectations of $152.75 million. On average, equities analysts predict that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.45 per share. This is a positive change from Universal Display's previous quarterly dividend of $0.40. The ex-dividend date was Monday, March 17th. This represents a $1.80 annualized dividend and a dividend yield of 1.44%. Universal Display's payout ratio is presently 38.71%.

Wall Street Analyst Weigh In

OLED has been the topic of a number of analyst reports. StockNews.com cut shares of Universal Display from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. Citigroup reduced their price target on Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Needham & Company LLC lowered their price objective on shares of Universal Display from $215.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, February 21st. The Goldman Sachs Group reduced their price target on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Finally, Oppenheimer lowered their target price on Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $190.43.

Universal Display Company 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.