Universal Display Co. (NASDAQ:OLED) Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its holdings in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 205,797 shares of the semiconductor company's stock after selling 37,070 shares during the period. First Trust Advisors LP owned 0.43% of Universal Display worth $30,087,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in OLED. Norges Bank purchased a new stake in Universal Display in the fourth quarter valued at about $95,924,000. Raymond James Financial Inc. purchased a new position in shares of Universal Display in the 4th quarter valued at approximately $41,504,000. Jennison Associates LLC boosted its stake in Universal Display by 58.2% in the 4th quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company's stock worth $99,975,000 after purchasing an additional 251,557 shares in the last quarter. Barclays PLC grew its position in Universal Display by 753.8% during the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock worth $44,608,000 after purchasing an additional 187,627 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Universal Display by 12.8% during the 4th quarter. Geode Capital Management LLC now owns 901,315 shares of the semiconductor company's stock valued at $131,806,000 after purchasing an additional 101,963 shares in the last quarter. Hedge funds and other institutional investors own 78.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. StockNews.com lowered Universal Display from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Susquehanna dropped their target price on Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Roth Mkm raised their price target on shares of Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Citigroup dropped their price objective on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. 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. According to data from MarketBeat, Universal Display has a consensus rating of "Moderate Buy" and an average target price of $190.43.

Universal Display Price Performance

NASDAQ OLED traded up $1.45 during trading hours on Wednesday, reaching $125.63. The company's stock had a trading volume of 567,972 shares, compared to its average volume of 563,812. Universal Display Co. has a 1-year low of $103.70 and a 1-year high of $237.00. The company's 50-day moving average is $136.15 and its two-hundred day moving average is $153.45. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 27.02, a P/E/G ratio of 1.61 and a beta of 1.42.

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

Universal Display Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.45 dividend. The ex-dividend date was Monday, March 17th. This is a positive change from Universal Display's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.43%. Universal Display's payout ratio is currently 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.