Sigma Planning Corp Cuts Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Sigma Planning Corp reduced its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 58.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,531 shares of the semiconductor company's stock after selling 4,907 shares during the period. Sigma Planning Corp's holdings in Universal Display were worth $675,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new stake in Universal Display in the 3rd quarter worth $31,000. Rise Advisors LLC acquired a new stake in Universal Display during the fourth quarter worth about $57,000. Fifth Third Bancorp increased its stake in Universal Display by 22.5% during the third quarter. Fifth Third Bancorp now owns 593 shares of the semiconductor company's stock valued at $93,000 after acquiring an additional 109 shares during the period. CWM LLC raised its holdings in Universal Display by 21.0% in the 4th quarter. CWM LLC now owns 606 shares of the semiconductor company's stock valued at $116,000 after acquiring an additional 105 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Universal Display by 47.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 933 shares of the semiconductor company's stock worth $178,000 after acquiring an additional 300 shares during the period. Institutional investors own 78.19% of the company's stock.

Universal Display Stock Up 0.1 %

NASDAQ:OLED traded up $0.14 on Thursday, reaching $156.58. The stock had a trading volume of 175,578 shares, compared to its average volume of 278,605. The company has a market capitalization of $7.42 billion, a P/E ratio of 36.93, a price-to-earnings-growth ratio of 1.68 and a beta of 1.45. The stock has a fifty day moving average price of $166.55 and a 200-day moving average price of $169.18. Universal Display Co. has a 1-year low of $125.98 and a 1-year high of $194.84.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The semiconductor company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.11. The business had revenue of $158.32 million for the quarter, compared to analyst estimates of $161.08 million. Universal Display had a return on equity of 14.85% and a net margin of 35.22%. Universal Display's revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.36 EPS. Sell-side analysts predict that Universal Display Co. will post 4.72 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.40 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change from Universal Display's previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 1.02%. Universal Display's dividend payout ratio (DPR) is 37.74%.

Analyst Upgrades and Downgrades

OLED has been the subject of a number of recent research reports. Oppenheimer restated an "outperform" rating and issued a $200.00 target price (down from $210.00) on shares of Universal Display in a research note on Friday, February 23rd. Needham & Company LLC reaffirmed a "buy" rating and set a $198.00 price objective on shares of Universal Display in a report on Tuesday, March 26th. TD Cowen upped their target price on shares of Universal Display from $165.00 to $210.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. Finally, Citigroup restated a "neutral" rating and set a $180.00 price target (up previously from $161.00) on shares of Universal Display in a research note on Friday, January 19th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $199.86.

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.