Stifel Financial Corp Has $16.75 Million Stock Position in Universal Display Co. (NASDAQ:OLED)

Stifel Financial Corp trimmed its holdings in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,546 shares of the semiconductor company's stock after selling 5,688 shares during the quarter. Stifel Financial Corp owned 0.24% of Universal Display worth $16,747,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of OLED. Brown Brothers Harriman & Co. raised its position in Universal Display by 280.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 154 shares in the last quarter. Blue Trust Inc. increased its stake 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 purchasing an additional 209 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Universal Display during the 4th quarter valued at approximately $40,000. Farther Finance Advisors LLC lifted its holdings in shares of Universal Display by 761.1% in the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock valued at $45,000 after buying an additional 274 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Universal Display by 185.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company's stock worth $52,000 after acquiring an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 78.19% of the company's stock.

Universal Display Stock Up 10.4 %

OLED stock traded up $13.12 during midday trading on Thursday, reaching $138.75. 764,781 shares of the company's stock traded hands, compared to its average volume of 755,575. Universal Display Co. has a 1-year low of $103.70 and a 1-year high of $237.00. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 1.61 and a beta of 1.42. The company has a 50-day simple moving average of $136.15 and a two-hundred day simple moving average of $153.45.

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, beating the consensus estimate of $1.08 by $0.14. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The business had revenue of $162.29 million for the quarter, compared to analysts' expectations of $152.75 million. Equities research analysts forecast that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Monday, March 17th. This is a positive change from Universal Display's previous quarterly dividend of $0.40. Universal Display's dividend payout ratio (DPR) is currently 38.71%.

Analyst Ratings Changes

Several brokerages recently issued reports on OLED. StockNews.com downgraded shares of Universal Display from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Susquehanna cut their target price on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group lowered their target price on Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Oppenheimer dropped their target price 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. Finally, Needham & Company LLC decreased their target price on Universal Display from $215.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $190.43.

About Universal Display

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.