Venturi Wealth Management LLC Lowers Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Venturi Wealth Management LLC reduced its position in Universal Display Co. (NASDAQ:OLED) by 8.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,589 shares of the semiconductor company’s stock after selling 150 shares during the period. Venturi Wealth Management LLC’s holdings in Universal Display were worth $232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OLED. Jennison Associates LLC grew its stake in Universal Display by 58.2% in the 4th quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company’s stock worth $99,975,000 after acquiring an additional 251,557 shares during the period. Citigroup Inc. grew its stake in shares of Universal Display by 1,387.6% during the 3rd quarter. Citigroup Inc. now owns 261,723 shares of the semiconductor company’s stock valued at $54,936,000 after buying an additional 244,129 shares during the period. Barclays PLC grew its stake in shares of Universal Display by 753.8% during the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company’s stock valued at $44,608,000 after buying an additional 187,627 shares during the period. Southpoint Capital Advisors LP grew its stake in shares of Universal Display by 46.0% during the 3rd quarter. Southpoint Capital Advisors LP now owns 365,000 shares of the semiconductor company’s stock valued at $76,614,000 after buying an additional 115,000 shares during the period. Finally, Van ECK Associates Corp grew its stake in shares of Universal Display by 27.2% during the 3rd quarter. Van ECK Associates Corp now owns 507,440 shares of the semiconductor company’s stock valued at $101,914,000 after buying an additional 108,394 shares during the period. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Trading Up 6.8 %

Shares of Universal Display stock opened at $157.30 on Friday. Universal Display Co. has a twelve month low of $140.17 and a twelve month high of $237.00. The stock has a market cap of $7.47 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 1.60 and a beta of 1.39. The company has a fifty day moving average price of $148.41 and a 200 day moving average price of $173.75.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. The company had revenue of $162.29 million during the quarter, compared to analysts’ expectations of $152.75 million. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. Analysts forecast that Universal Display Co. will post 4.77 earnings per share for the current year.

Universal Display Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.45 dividend. This is a boost from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Monday, March 17th. Universal Display’s dividend payout ratio is presently 32.13%.

Analyst Upgrades and Downgrades

OLED has been the subject of several research reports. Citigroup lowered their price objective on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Susquehanna lowered their price objective on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday. Needham & Company LLC lowered their price objective on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a research note on Friday. Roth Mkm upped their price target on shares of Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Oppenheimer decreased their price target on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Universal Display has an average rating of “Moderate Buy” and an average target price 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.