Universal Display Co. (NASDAQ:OLED) Stock Position Decreased by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. cut its stake in shares of Universal Display Co. (NASDAQ:OLED) by 25.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 716 shares of the semiconductor company’s stock after selling 240 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Universal Display were worth $105,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in shares of Universal Display by 60.2% during the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 65 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Universal Display by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company’s stock worth $215,000 after acquiring an additional 73 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in shares of Universal Display by 1.6% during the third quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock worth $1,269,000 after acquiring an additional 97 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Universal Display by 0.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the semiconductor company’s stock worth $1,798,000 after acquiring an additional 100 shares in the last quarter. Finally, OLD National Bancorp IN raised its holdings in shares of Universal Display by 4.3% during the fourth quarter. OLD National Bancorp IN now owns 2,527 shares of the semiconductor company’s stock worth $369,000 after acquiring an additional 104 shares in the last quarter. 78.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Roth Mkm raised their target price on Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. Susquehanna cut their target price on Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Needham & Company LLC cut their target price on Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Oppenheimer cut their target price on Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, January 2nd. Finally, The Goldman Sachs Group cut 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $190.43.

Universal Display Stock Performance

Shares of NASDAQ:OLED opened at $153.62 on Monday. The company has a market cap of $7.29 billion, a P/E ratio of 33.04, a P/E/G ratio of 1.61 and a beta of 1.39. The stock’s 50-day moving average is $148.76 and its 200-day moving average is $173.31. Universal Display Co. has a 52-week low of $140.17 and a 52-week high of $237.00.

Universal Display (NASDAQ:OLED) last issued 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 company had revenue of $162.29 million for the quarter, compared to the consensus estimate of $152.75 million. As a group, equities analysts predict 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 will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, March 17th. This is an increase from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.17%. Universal Display’s dividend payout ratio (DPR) is 38.71%.

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.