Stifel Financial Corp Sells 5,688 Shares of Universal Display Co. (NASDAQ:OLED)

Stifel Financial Corp decreased its holdings in Universal Display Co. (NASDAQ:OLED) by 4.7% in the fourth quarter, Holdings Channel reports. The fund owned 114,546 shares of the semiconductor company’s stock after selling 5,688 shares during the quarter. Stifel Financial Corp’s holdings in Universal Display were worth $16,747,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OLED. Vanguard Group Inc. lifted its stake in shares of Universal Display by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 4,784,099 shares of the semiconductor company’s stock valued at $699,435,000 after purchasing an additional 67,590 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Universal Display by 2.8% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,536,513 shares of the semiconductor company’s stock valued at $370,838,000 after buying an additional 69,043 shares during the period. Geode Capital Management LLC lifted its position in Universal Display by 12.8% in the fourth quarter. Geode Capital Management LLC now owns 901,315 shares of the semiconductor company’s stock worth $131,806,000 after buying an additional 101,963 shares during the last quarter. Jennison Associates LLC boosted its stake in Universal Display by 58.2% during the fourth quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company’s stock worth $99,975,000 after buying an additional 251,557 shares during the period. Finally, Norges Bank bought a new position in Universal Display during the fourth quarter valued at $95,924,000. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on OLED shares. Citigroup lowered their target price on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Oppenheimer dropped their target price on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, January 2nd. The Goldman Sachs Group reduced their price target 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 Universal Display from a “hold” rating to a “sell” rating in a report on Friday, April 11th. Finally, Roth Mkm increased their target price on Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Universal Display has an average rating of “Moderate Buy” and a consensus price target of $190.43.

Universal Display Stock Up 0.8 %

OLED opened at $126.41 on Friday. The stock’s fifty day moving average is $137.64 and its two-hundred day moving average is $155.14. The company has a market capitalization of $6.00 billion, a P/E ratio of 27.18, a PEG ratio of 1.61 and a beta of 1.42. Universal Display Co. has a 52 week low of $103.70 and a 52 week high of $237.00.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.08 by $0.14. The firm 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 analysts anticipate 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. Stockholders of record on Monday, March 17th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Monday, March 17th. 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.