Triodos Investment Management BV Sells 15,500 Shares of Universal Display Co. (NASDAQ:OLED)

Triodos Investment Management BV lessened its stake in Universal Display Co. (NASDAQ:OLED - Free Report) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,500 shares of the semiconductor company's stock after selling 15,500 shares during the quarter. Universal Display makes up about 2.7% of Triodos Investment Management BV's holdings, making the stock its 17th largest position. Triodos Investment Management BV owned approximately 0.31% of Universal Display worth $27,828,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Universal Display by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,511,145 shares of the semiconductor company's stock worth $708,205,000 after acquiring an additional 23,944 shares during the last quarter. FMR LLC grew its position in Universal Display by 10.6% in the 3rd quarter. FMR LLC now owns 1,398,961 shares of the semiconductor company's stock worth $219,623,000 after purchasing an additional 134,000 shares in the last quarter. Jennison Associates LLC increased its stake in Universal Display by 0.4% in the 4th quarter. Jennison Associates LLC now owns 903,068 shares of the semiconductor company's stock valued at $172,721,000 after buying an additional 3,397 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Universal Display by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 315,465 shares of the semiconductor company's stock worth $60,336,000 after buying an additional 6,943 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its stake in shares of Universal Display by 6.4% in the 4th quarter. Vontobel Holding Ltd. now owns 309,804 shares of the semiconductor company's stock worth $59,253,000 after buying an additional 18,582 shares during the last quarter. Hedge funds and other institutional investors own 78.19% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on OLED shares. Oppenheimer reissued an "outperform" rating and issued a $200.00 price objective (down previously from $210.00) on shares of Universal Display in a research report on Friday, February 23rd. Citigroup restated a "neutral" rating and set a $180.00 price objective (up previously from $161.00) on shares of Universal Display in a report on Friday, January 19th. TD Cowen boosted 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, Needham & Company LLC reissued a "buy" rating and set a $198.00 target price on shares of Universal Display in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $199.86.

Universal Display Trading Up 1.1 %

Shares of NASDAQ OLED traded up $1.94 during midday trading on Tuesday, hitting $174.92. The company's stock had a trading volume of 156,945 shares, compared to its average volume of 290,249. The stock has a fifty day moving average price of $163.59 and a 200 day moving average price of $170.25. The firm has a market capitalization of $8.30 billion, a price-to-earnings ratio of 38.03, a P/E/G ratio of 1.86 and a beta of 1.44. Universal Display Co. has a one year low of $133.67 and a one year high of $194.84.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its earnings results on Thursday, May 2nd. The semiconductor company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.14. Universal Display had a net margin of 36.00% and a return on equity of 15.57%. The business had revenue of $165.26 million for the quarter, compared to analysts' expectations of $150.75 million. During the same quarter in the previous year, the firm posted $0.83 EPS. The business's revenue for the quarter was up 26.7% compared to the same quarter last year. On average, equities research analysts predict that Universal Display Co. will post 4.73 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Friday, June 14th. Universal Display's payout ratio is presently 34.78%.

Insider Buying and Selling at Universal Display

In other Universal Display news, SVP Mauro Premutico sold 8,202 shares of the firm's stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $176.82, for a total value of $1,450,277.64. Following the completion of the transaction, the senior vice president now directly owns 28,743 shares of the company's stock, valued at approximately $5,082,337.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Universal Display news, EVP Julia J. Brown sold 10,358 shares of Universal Display stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $175.00, for a total transaction of $1,812,650.00. Following the completion of the sale, the executive vice president now directly owns 56,624 shares in the company, valued at $9,909,200. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Mauro Premutico sold 8,202 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $176.82, for a total transaction of $1,450,277.64. Following the completion of the transaction, the senior vice president now directly owns 28,743 shares in the company, valued at approximately $5,082,337.26. The disclosure for this sale can be found here. Insiders own 1.90% of the company's stock.

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.

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