Commerce Bank Cuts Position in Universal Display Co. (NASDAQ:OLED)

Commerce Bank lessened its stake in Universal Display Co. (NASDAQ:OLED - Free Report) by 82.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,936 shares of the semiconductor company's stock after selling 13,529 shares during the period. Commerce Bank's holdings in Universal Display were worth $429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Universal Display by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 4,784,099 shares of the semiconductor company's stock worth $699,435,000 after purchasing an additional 67,590 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Universal Display by 12.8% during the fourth quarter. Geode Capital Management LLC now owns 901,315 shares of the semiconductor company's stock valued at $131,806,000 after buying an additional 101,963 shares during the last quarter. Jennison Associates LLC increased its position in shares of Universal Display by 58.2% in the 4th quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company's stock valued at $99,975,000 after acquiring an additional 251,557 shares during the period. Norges Bank purchased a new stake in Universal Display in the fourth quarter valued at approximately $95,924,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Universal Display by 10.7% in the 4th quarter. Bank of New York Mellon Corp now owns 437,592 shares of the semiconductor company's stock valued at $63,976,000 after acquiring an additional 42,218 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OLED has been the subject of a number of analyst reports. Citigroup decreased their price target on Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Needham & Company LLC reduced 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. Roth Mkm lifted their price target on shares of Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research note on Friday, February 21st. StockNews.com downgraded shares of Universal Display from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Finally, Susquehanna cut their target price on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Universal Display currently has an average rating of "Moderate Buy" and a consensus price target of $190.43.

Universal Display Stock Down 1.1 %

Shares of Universal Display stock traded down $1.39 during mid-day trading on Tuesday, hitting $125.16. The stock had a trading volume of 82,655 shares, compared to its average volume of 559,854. Universal Display Co. has a 12-month low of $103.70 and a 12-month high of $237.00. The firm has a market cap of $5.94 billion, a P/E ratio of 26.93, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42. The firm has a 50-day moving average of $137.24 and a two-hundred day moving average of $153.84.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its quarterly earnings data 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 net margin of 34.29% and a return on equity of 15.51%. The firm had revenue of $162.29 million for the quarter, compared to analyst estimates of $152.75 million. Sell-side analysts expect that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Increases Dividend

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

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.