Sigma Planning Corp Reduces Stock Position in Universal Display Co. (NASDAQ:OLED)

Sigma Planning Corp lessened its position in shares of Universal Display Co. (NASDAQ:OLED) by 58.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,531 shares of the semiconductor company’s stock after selling 4,907 shares during the quarter. Sigma Planning Corp’s holdings in Universal Display were worth $675,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in OLED. Treasurer of the State of North Carolina boosted its stake in shares of Universal Display by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 20,516 shares of the semiconductor company’s stock worth $3,221,000 after buying an additional 100 shares during the last quarter. CWM LLC boosted its stake in shares of Universal Display by 21.0% in the fourth quarter. CWM LLC now owns 606 shares of the semiconductor company’s stock worth $116,000 after buying an additional 105 shares during the last quarter. Bahl & Gaynor Inc. boosted its stake in shares of Universal Display by 0.6% in the third quarter. Bahl & Gaynor Inc. now owns 18,288 shares of the semiconductor company’s stock worth $2,871,000 after buying an additional 109 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Universal Display by 22.5% in the third quarter. Fifth Third Bancorp now owns 593 shares of the semiconductor company’s stock worth $93,000 after buying an additional 109 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Universal Display by 2.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 8,190 shares of the semiconductor company’s stock worth $1,286,000 after buying an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Universal Display Price Performance

Shares of Universal Display stock opened at $156.44 on Thursday. Universal Display Co. has a 12 month low of $125.98 and a 12 month high of $194.84. The stock has a market capitalization of $7.41 billion, a P/E ratio of 36.90, a PEG ratio of 1.68 and a beta of 1.45. The business has a 50 day simple moving average of $167.08 and a two-hundred day simple moving average of $169.27.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results on Thursday, February 22nd. The semiconductor company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.18 by $0.11. Universal Display had a return on equity of 14.85% and a net margin of 35.22%. The firm had revenue of $158.32 million during the quarter, compared to analysts’ expectations of $161.08 million. During the same quarter last year, the firm earned $1.36 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, research analysts anticipate that Universal Display Co. will post 4.72 EPS for the current fiscal year.

Universal Display Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Universal Display’s previous quarterly dividend of $0.35. Universal Display’s dividend payout ratio (DPR) is currently 37.74%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Citigroup restated a “neutral” rating and issued a $180.00 target price (up previously from $161.00) on shares of Universal Display in a research note on Friday, January 19th. Oppenheimer reaffirmed an “outperform” rating and issued a $200.00 price target (down previously from $210.00) on shares of Universal Display in a report on Friday, February 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $198.00 price target on shares of Universal Display in a report on Tuesday, March 26th. Finally, TD Cowen upped their price target on Universal Display from $165.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $199.86.

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.