Universal Display Co. (NASDAQ:OLED) Shares Sold by ARS Investment Partners LLC

ARS Investment Partners LLC cut its holdings in Universal Display Co. (NASDAQ:OLED) by 22.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,230 shares of the semiconductor company’s stock after selling 650 shares during the period. ARS Investment Partners LLC’s holdings in Universal Display were worth $326,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of OLED. American Century Companies Inc. raised its stake in Universal Display by 3.9% in the second quarter. American Century Companies Inc. now owns 11,365 shares of the semiconductor company’s stock valued at $2,389,000 after buying an additional 426 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Universal Display by 27.3% in the second quarter. Dimensional Fund Advisors LP now owns 469,570 shares of the semiconductor company’s stock valued at $98,725,000 after buying an additional 100,809 shares in the last quarter. Renaissance Technologies LLC raised its stake in Universal Display by 55.3% in the second quarter. Renaissance Technologies LLC now owns 40,439 shares of the semiconductor company’s stock valued at $8,502,000 after buying an additional 14,400 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Universal Display by 131.7% in the second quarter. Mercer Global Advisors Inc. ADV now owns 3,267 shares of the semiconductor company’s stock valued at $696,000 after buying an additional 1,857 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of Universal Display by 3.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,344 shares of the semiconductor company’s stock worth $1,124,000 after purchasing an additional 186 shares in the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $215.00 target price on shares of Universal Display in a research report on Thursday, January 16th. Oppenheimer cut their target price on Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, January 2nd. Finally, TD Cowen cut their target price on Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.50.

Universal Display Stock Up 1.4 %

Shares of OLED stock opened at $149.24 on Tuesday. The stock has a market capitalization of $7.08 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 1.63 and a beta of 1.40. Universal Display Co. has a 52-week low of $143.25 and a 52-week high of $237.00. The stock’s 50-day moving average price is $156.59 and its 200 day moving average price is $185.36.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.21. The firm had revenue of $161.63 million for the quarter, compared to analysts’ expectations of $165.28 million. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 EPS. Analysts expect that Universal Display Co. will post 4.77 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Tuesday, December 17th. Universal Display’s dividend payout ratio is presently 32.13%.

Insider Buying and Selling at Universal Display

In other news, Director Lawrence Lacerte purchased 742 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were acquired at an average price of $180.89 per share, with a total value of $134,220.38. Following the purchase, the director now directly owns 122,372 shares of the company’s stock, valued at $22,135,871.08. The trade was a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 1.90% of the stock is owned by corporate insiders.

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.