Mariner LLC Lowers Stake in Universal Display Co. (NASDAQ:OLED)

Mariner LLC lowered its stake in Universal Display Co. (NASDAQ:OLED) by 5.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,782 shares of the semiconductor company’s stock after selling 675 shares during the quarter. Mariner LLC’s holdings in Universal Display were worth $1,869,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Asset Management Inc boosted its holdings in Universal Display by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company’s stock worth $215,000 after buying an additional 73 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Universal Display by 5.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,615 shares of the semiconductor company’s stock worth $245,000 after acquiring an additional 85 shares during the last quarter. Arizona State Retirement System increased its position in shares of Universal Display by 0.7% during the fourth 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 stake in Universal Display by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company’s stock valued at $1,475,000 after purchasing an additional 90 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in Universal Display by 0.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the semiconductor company’s stock valued at $1,798,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on OLED. Needham & Company LLC reduced 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 report on Friday, February 21st. Susquehanna decreased their target price on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group cut their price target on Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Oppenheimer lowered their price objective on Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, January 2nd. Finally, StockNews.com lowered Universal Display from a “hold” rating to a “sell” rating in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $190.43.

Universal Display Trading Up 5.9 %

Shares of OLED opened at $125.45 on Friday. The firm has a market cap of $5.95 billion, a P/E ratio of 26.98, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42. The company’s 50-day moving average price is $138.02 and its 200 day moving average price is $155.71. Universal Display Co. has a 12-month low of $103.70 and a 12-month high of $237.00.

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

Universal Display Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, March 17th. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.43%. Universal Display’s dividend payout ratio 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.