Universal Display Co. (NASDAQ:OLED) Position Decreased by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG reduced its holdings in Universal Display Co. (NASDAQ:OLED) by 17.5% during the fourth quarter, Holdings Channel reports. The firm owned 1,650 shares of the semiconductor company’s stock after selling 349 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Universal Display were worth $241,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its position in shares of Universal Display by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company’s stock valued at $215,000 after acquiring an additional 73 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Universal Display by 5.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,615 shares of the semiconductor company’s stock valued at $245,000 after purchasing an additional 85 shares during the period. Arizona State Retirement System increased its stake in Universal Display by 0.7% in the 4th quarter. Arizona State Retirement System now owns 13,065 shares of the semiconductor company’s stock worth $1,910,000 after purchasing an additional 88 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Universal Display by 0.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company’s stock worth $1,475,000 after buying an additional 90 shares during the period. Finally, Louisiana State Employees Retirement System lifted its stake in 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 valued at $1,798,000 after buying an additional 100 shares in the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

Universal Display Price Performance

Shares of OLED stock opened at $113.42 on Friday. The stock has a fifty day moving average price of $147.52 and a 200 day moving average price of $165.72. Universal Display Co. has a one year low of $109.66 and a one year high of $237.00. The stock has a market cap of $5.38 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, topping 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 analysts’ expectations of $152.75 million. Equities research analysts anticipate that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.45 per share. This is a boost from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Monday, March 17th. Universal Display’s dividend payout ratio is 38.71%.

Analyst Ratings Changes

A number of research firms recently commented on OLED. Citigroup decreased their price objective on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Needham & Company LLC decreased their target price on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. StockNews.com upgraded shares of Universal Display from a “sell” rating to a “hold” rating in a report on Friday, March 21st. The Goldman Sachs Group cut their price objective on Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Roth Mkm raised their price objective on shares of Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $190.43.

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.