Universal Display Co. (NASDAQ:OLED) is Sargent Investment Group LLC’s 6th Largest Position

Sargent Investment Group LLC cut its stake in shares of Universal Display Co. (NASDAQ:OLED) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 67,085 shares of the semiconductor company’s stock after selling 2,358 shares during the period. Universal Display makes up 2.8% of Sargent Investment Group LLC’s investment portfolio, making the stock its 6th biggest holding. Sargent Investment Group LLC owned 0.14% of Universal Display worth $12,831,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Orion Capital Management LLC purchased a new position in shares of Universal Display during the 3rd quarter worth approximately $31,000. Rise Advisors LLC purchased a new position in shares of Universal Display during the 4th quarter worth approximately $57,000. GAMMA Investing LLC purchased a new position in shares of Universal Display during the 4th quarter worth approximately $73,000. Fifth Third Bancorp raised its stake in shares of Universal Display by 22.5% during the 3rd quarter. Fifth Third Bancorp now owns 593 shares of the semiconductor company’s stock worth $93,000 after buying an additional 109 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Universal Display by 21.0% during the 4th quarter. CWM LLC now owns 606 shares of the semiconductor company’s stock worth $116,000 after buying an additional 105 shares in the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Trading Up 1.1 %

NASDAQ OLED traded up $1.73 on Friday, hitting $158.31. 331,753 shares of the stock traded hands, compared to its average volume of 204,501. The stock has a 50-day moving average of $165.49 and a 200 day moving average of $169.14. Universal Display Co. has a twelve month low of $125.98 and a twelve month high of $194.84. The company has a market capitalization of $7.50 billion, a P/E ratio of 37.34, a price-to-earnings-growth ratio of 1.72 and a beta of 1.45.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, February 22nd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.11. The firm had revenue of $158.32 million for the quarter, compared to analysts’ expectations of $161.08 million. Universal Display had a return on equity of 14.85% and a net margin of 35.22%. Universal Display’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 earnings per share. As a group, equities research analysts expect that Universal Display Co. will post 4.72 earnings per share for the current year.

Universal Display Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.01%. This is a positive change from Universal Display’s previous quarterly dividend of $0.35. Universal Display’s dividend payout ratio is presently 37.74%.

Analyst Ratings Changes

A number of research firms recently weighed in on OLED. Oppenheimer restated an “outperform” rating and issued a $200.00 price target (down previously from $210.00) on shares of Universal Display in a report on Friday, February 23rd. Citigroup restated a “neutral” rating and issued a $180.00 price target (up previously from $161.00) on shares of Universal Display in a report on Friday, January 19th. TD Cowen upped their price target on Universal Display from $165.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $198.00 price target on shares of Universal Display in a report on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $199.86.

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.