Universal Display Co. (NASDAQ:OLED) Stock Holdings Cut by Securian Asset Management Inc.

Securian Asset Management Inc. lessened its position in Universal Display Co. (NASDAQ:OLED) by 3.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,281 shares of the semiconductor company’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in Universal Display were worth $480,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of OLED. Glenmede Trust Co. NA raised its position in Universal Display by 1.6% in 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. BNP Paribas Financial Markets raised its holdings in shares of Universal Display by 8.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 52,713 shares of the semiconductor company’s stock worth $11,064,000 after purchasing an additional 4,269 shares in the last quarter. Cerity Partners LLC lifted its stake in Universal Display by 385.2% during the third quarter. Cerity Partners LLC now owns 8,588 shares of the semiconductor company’s stock valued at $1,803,000 after purchasing an additional 6,818 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Universal Display by 37.2% during the fourth quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company’s stock worth $3,983,000 after buying an additional 7,390 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Universal Display by 200.0% in the third quarter. Stifel Financial Corp now owns 120,234 shares of the semiconductor company’s stock valued at $25,237,000 after buying an additional 80,162 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

Analysts Set New Price Targets

OLED has been the subject of several research reports. Citigroup reduced their price objective on Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Susquehanna decreased their price target on Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. The Goldman Sachs Group cut their price objective on 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 cut shares of Universal Display from a “hold” rating to a “sell” rating in a report on Friday, March 7th. Finally, Oppenheimer dropped their target price on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $190.43.

Universal Display Stock Up 4.1 %

Shares of NASDAQ:OLED opened at $156.51 on Tuesday. Universal Display Co. has a 12-month low of $140.17 and a 12-month high of $237.00. The firm has a market capitalization of $7.43 billion, a P/E ratio of 33.66, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40. The firm has a fifty day moving average of $148.99 and a two-hundred day moving average of $170.31.

Universal Display (NASDAQ:OLED) last issued its earnings results 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. The company 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 research analysts expect that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.80 dividend on an annualized basis and a yield of 1.15%. This is a boost from Universal Display’s previous quarterly dividend of $0.40. Universal Display’s dividend payout ratio is presently 38.71%.

Universal Display Company 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.