Nottingham Advisors Inc. reduced its stake in shares of Universal Display Co. (NASDAQ:OLED) by 3.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,600 shares of the semiconductor company’s stock after selling 215 shares during the quarter. Nottingham Advisors Inc.’s holdings in Universal Display were worth $1,009,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. ETF Managers Group LLC increased its position in Universal Display by 17.5% during the 4th quarter. ETF Managers Group LLC now owns 1,308 shares of the semiconductor company’s stock valued at $122,000 after purchasing an additional 195 shares during the period. HL Financial Services LLC increased its position in Universal Display by 2.2% during the 4th quarter. HL Financial Services LLC now owns 9,451 shares of the semiconductor company’s stock valued at $884,000 after purchasing an additional 205 shares during the period. Ropes Wealth Advisors LLC purchased a new position in Universal Display during the 4th quarter valued at $25,000. Mengis Capital Management Inc. increased its position in Universal Display by 2.0% during the 4th quarter. Mengis Capital Management Inc. now owns 15,125 shares of the semiconductor company’s stock valued at $1,415,000 after purchasing an additional 300 shares during the period. Finally, Sontag Advisory LLC purchased a new position in Universal Display during the 4th quarter valued at $37,000. 85.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of Universal Display stock opened at $167.01 on Thursday. The stock has a market capitalization of $7.87 billion, a P/E ratio of 134.69, a PEG ratio of 2.52 and a beta of 1.44. Universal Display Co. has a 1 year low of $78.75 and a 1 year high of $168.25.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings results on Thursday, February 21st. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.06. The company had revenue of $70.14 million for the quarter, compared to analysts’ expectations of $70.18 million. Universal Display had a net margin of 23.78% and a return on equity of 8.85%. Universal Display’s revenue was down 39.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 EPS. On average, analysts expect that Universal Display Co. will post 2.17 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.10 dividend. This is a boost from Universal Display’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.40 dividend on an annualized basis and a yield of 0.24%. Universal Display’s payout ratio is presently 32.26%.

A number of research analysts have issued reports on OLED shares. Needham & Company LLC reissued a “buy” rating and set a $105.00 price objective (down from $125.00) on shares of Universal Display in a research report on Friday, January 4th. Oppenheimer reduced their target price on shares of Universal Display from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 23rd. BidaskClub raised shares of Universal Display from a “hold” rating to a “buy” rating in a research report on Thursday, January 17th. ValuEngine raised shares of Universal Display from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 5th. Finally, Zacks Investment Research raised shares of Universal Display from a “hold” rating to a “buy” rating and set a $174.00 target price on the stock in a research report on Tuesday, March 26th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $148.80.

In other Universal Display news, insider Julia J. Brown sold 17,539 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $160.00, for a total transaction of $2,806,240.00. Following the transaction, the insider now owns 125,657 shares in the company, valued at approximately $20,105,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lawrence Lacerte sold 6,250 shares of the company’s stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $145.52, for a total transaction of $909,500.00. Following the transaction, the director now owns 325,000 shares in the company, valued at approximately $47,294,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,039 shares of company stock worth $3,907,465. 4.00% of the stock is currently owned by company insiders.

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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 flat panel displays and solid-state lighting applications. As of February 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide.

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Institutional Ownership by Quarter for Universal Display (NASDAQ:OLED)

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