Universal Display Co. (NASDAQ:OLED) Shares Sold by Princeton Capital Management LLC

Princeton Capital Management LLC lowered its stake in shares of Universal Display Co. (NASDAQ:OLED) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,892 shares of the semiconductor company’s stock after selling 1,986 shares during the quarter. Universal Display comprises approximately 2.1% of Princeton Capital Management LLC’s investment portfolio, making the stock its 9th largest holding. Princeton Capital Management LLC owned about 0.10% of Universal Display worth $6,856,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of 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 during the last quarter. LPL Financial LLC raised its stake in Universal Display by 22.6% in the 4th quarter. LPL Financial LLC now owns 50,671 shares of the semiconductor company’s stock worth $7,408,000 after acquiring an additional 9,325 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Universal Display during the 4th quarter worth about $972,000. KLP Kapitalforvaltning AS purchased a new stake in Universal Display during the 4th quarter valued at about $1,345,000. Finally, American Century Companies Inc. increased its holdings in shares of Universal Display by 2.0% in the fourth quarter. American Century Companies Inc. now owns 12,220 shares of the semiconductor company’s stock valued at $1,787,000 after purchasing an additional 245 shares during the period. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Stock Up 3.4 %

NASDAQ:OLED opened at $153.54 on Tuesday. Universal Display Co. has a 52 week low of $140.17 and a 52 week high of $237.00. The stock’s 50-day moving average price is $149.27 and its 200-day moving average price is $169.04. The stock has a market capitalization of $7.29 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40.

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

Universal Display Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.17%. This is an increase from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, March 17th. Universal Display’s dividend payout ratio (DPR) is presently 38.71%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on OLED shares. Citigroup decreased their target price on Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, February 10th. StockNews.com raised shares of Universal Display from a “sell” rating to a “hold” rating in a report on Friday. The Goldman Sachs Group reduced their target price on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Susquehanna decreased their target price on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Finally, Needham & Company LLC cut their price target on Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Universal Display currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.43.

Universal Display 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.