Segall Bryant & Hamill LLC Sells 18,024 Shares of Universal Display Co. (NASDAQ:OLED)

Segall Bryant & Hamill LLC reduced its position in Universal Display Co. (NASDAQ:OLED) by 16.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,006 shares of the semiconductor company’s stock after selling 18,024 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Universal Display were worth $13,305,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Universal Display by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,784,099 shares of the semiconductor company’s stock worth $699,435,000 after buying an additional 67,590 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Universal Display by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 799,352 shares of the semiconductor company’s stock valued at $167,825,000 after purchasing an additional 15,015 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Universal Display by 58.2% during the 4th quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company’s stock valued at $99,975,000 after purchasing an additional 251,557 shares during the last quarter. Bank of New York Mellon Corp raised its position in Universal Display by 10.7% in the 4th quarter. Bank of New York Mellon Corp now owns 437,592 shares of the semiconductor company’s stock worth $63,976,000 after purchasing an additional 42,218 shares during the period. Finally, Southpoint Capital Advisors LP boosted its position in Universal Display by 46.0% during the third quarter. Southpoint Capital Advisors LP now owns 365,000 shares of the semiconductor company’s stock valued at $76,614,000 after buying an additional 115,000 shares during the period. 78.19% of the stock is currently owned by institutional investors.

Universal Display Stock Down 0.8 %

NASDAQ:OLED opened at $152.30 on Wednesday. Universal Display Co. has a twelve month low of $140.17 and a twelve month high of $237.00. The stock has a market cap of $7.23 billion, a P/E ratio of 32.75, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40. The firm’s fifty day simple moving average is $149.39 and its 200 day simple moving average is $168.82.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating 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 company had revenue of $162.29 million for the quarter, compared to analysts’ expectations of $152.75 million. On average, analysts expect that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, March 17th. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.18%. Universal Display’s payout ratio is currently 38.71%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on OLED shares. Needham & Company LLC decreased their price objective on Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. StockNews.com raised Universal Display from a “sell” rating to a “hold” rating in a research note on Friday, March 21st. Citigroup dropped 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. The Goldman Sachs Group decreased their target price on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Oppenheimer cut their price target on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Universal Display currently has a consensus rating of “Moderate Buy” and an average price target of $190.43.

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.