Universal Display Co. (NASDAQ:OLED) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lowered its position in shares of Universal Display Co. (NASDAQ:OLED) by 17.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,650 shares of the semiconductor company’s stock after selling 349 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Universal Display were worth $241,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Captrust Financial Advisors raised its position in shares of Universal Display by 73.3% during the 3rd quarter. Captrust Financial Advisors now owns 4,099 shares of the semiconductor company’s stock valued at $860,000 after acquiring an additional 1,734 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Universal Display by 20.6% during the third quarter. HighTower Advisors LLC now owns 6,132 shares of the semiconductor company’s stock worth $1,287,000 after purchasing an additional 1,048 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in shares of Universal Display by 614.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 12,254 shares of the semiconductor company’s stock worth $2,572,000 after buying an additional 10,538 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Universal Display in the 3rd quarter valued at about $607,000. Finally, Quarry LP grew its position in shares of Universal Display by 1,347.8% during the 3rd quarter. Quarry LP now owns 333 shares of the semiconductor company’s stock valued at $70,000 after buying an additional 310 shares during the last quarter. Institutional investors own 78.19% of the company’s stock.

Universal Display Stock Down 3.5 %

Shares of NASDAQ OLED opened at $113.42 on Friday. The stock has a market cap of $5.38 billion, a P/E ratio of 24.39, a P/E/G ratio of 1.61 and a beta of 1.40. The firm’s 50-day simple moving average is $147.52 and its 200 day simple moving average is $165.72. Universal Display Co. has a fifty-two week low of $109.66 and a fifty-two week high of $237.00.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. The company had revenue of $162.29 million for the quarter, compared to the consensus estimate of $152.75 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. On average, sell-side analysts anticipate that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.45 per share. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Monday, March 17th. Universal Display’s dividend payout ratio (DPR) is presently 38.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OLED. Roth Mkm raised their target price on shares of Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Citigroup reduced their price objective on Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Oppenheimer dropped their target price on Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, January 2nd. Needham & Company LLC reduced their price target on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, The Goldman Sachs Group dropped their price objective on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $190.43.

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.