Russell Investments Group Ltd. Has $3.93 Million Stock Position in Universal Display Co. (NASDAQ:OLED)

Russell Investments Group Ltd. lessened its position in Universal Display Co. (NASDAQ:OLED - Free Report) by 16.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,902 shares of the semiconductor company's stock after selling 5,339 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of Universal Display worth $3,933,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Universal Display by 95.5% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 171,641 shares of the semiconductor company's stock worth $25,094,000 after acquiring an additional 83,865 shares in the last quarter. Aviva PLC increased its stake in Universal Display by 14.5% in the 4th quarter. Aviva PLC now owns 3,733 shares of the semiconductor company's stock worth $546,000 after purchasing an additional 472 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Universal Display during the 4th quarter worth about $56,000. Prudential PLC lifted its stake in Universal Display by 42.5% during the fourth quarter. Prudential PLC now owns 4,026 shares of the semiconductor company's stock valued at $589,000 after buying an additional 1,200 shares in the last quarter. Finally, PAX Financial Group LLC acquired a new position in shares of Universal Display in the fourth quarter worth about $699,000. Institutional investors and hedge funds own 78.19% of the company's stock.

Universal Display Stock Down 0.2 %

Shares of NASDAQ:OLED traded down $0.20 on Monday, reaching $113.78. The company had a trading volume of 598,122 shares, compared to its average volume of 555,688. The stock has a market capitalization of $5.40 billion, a P/E ratio of 24.47, a P/E/G ratio of 1.61 and a beta of 1.42. The stock has a 50-day moving average price of $139.39 and a 200 day moving average price of $156.84. Universal Display Co. has a twelve month low of $103.70 and a twelve month high of $237.00.

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

Universal Display Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given 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 dividend on an annualized basis and a yield of 1.58%. Universal Display's payout ratio is currently 38.71%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on OLED shares. Oppenheimer reduced their price target on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating for the company in a research report on Thursday, January 2nd. StockNews.com lowered Universal Display from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. Roth Mkm lifted their target price on Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research note on Friday, February 21st. The Goldman Sachs Group dropped their target price on Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, Needham & Company LLC dropped their price objective on shares of Universal Display from $215.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.