Strs Ohio Sells 5,475 Shares of Universal Display Corporation $OLED

Strs Ohio lessened its position in Universal Display Corporation (NASDAQ:OLED) by 83.9% in the third quarter, Holdings Channel.com reports. The firm owned 1,050 shares of the semiconductor company’s stock after selling 5,475 shares during the quarter. Strs Ohio’s holdings in Universal Display were worth $151,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of OLED. Stiles Financial Services Inc acquired a new position in Universal Display in the third quarter valued at $227,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Universal Display by 110.1% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 8,651 shares of the semiconductor company’s stock valued at $1,243,000 after purchasing an additional 4,534 shares during the period. Vest Financial LLC lifted its stake in shares of Universal Display by 34.2% in the 3rd quarter. Vest Financial LLC now owns 36,543 shares of the semiconductor company’s stock valued at $5,249,000 after purchasing an additional 9,307 shares during the period. Evergreen Capital Management LLC bought a new stake in shares of Universal Display during the 3rd quarter valued at about $301,000. Finally, Robeco Schweiz AG grew its stake in Universal Display by 22.1% during the third quarter. Robeco Schweiz AG now owns 40,300 shares of the semiconductor company’s stock worth $5,788,000 after purchasing an additional 7,300 shares during the period. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Stock Down 0.8%

OLED stock opened at $117.24 on Wednesday. The firm has a market capitalization of $5.57 billion, a PE ratio of 25.27, a P/E/G ratio of 3.32 and a beta of 1.63. Universal Display Corporation has a twelve month low of $103.70 and a twelve month high of $164.29. The stock’s 50 day moving average is $119.53 and its 200-day moving average is $132.65.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.27). Universal Display had a net margin of 34.65% and a return on equity of 14.10%. The company had revenue of $139.61 million during the quarter, compared to analysts’ expectations of $165.56 million. During the same period in the previous year, the company posted $1.40 earnings per share. The company’s quarterly revenue was down 13.6% compared to the same quarter last year. On average, equities research analysts anticipate that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on OLED shares. Citigroup reduced their price objective on shares of Universal Display from $150.00 to $130.00 and set a “neutral” rating for the company in a research report on Tuesday, January 27th. Wall Street Zen raised Universal Display from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Universal Display in a research note on Wednesday, December 24th. Needham & Company LLC reissued a “buy” rating and issued a $150.00 price objective on shares of Universal Display in a research note on Monday, December 22nd. Finally, Zacks Research cut Universal Display from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $171.20.

Universal Display Company Profile

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.