Vestmark Advisory Solutions Inc. Sells 6,885 Shares of Universal Display Co. (NASDAQ:OLED)

Vestmark Advisory Solutions Inc. decreased its stake in shares of Universal Display Co. (NASDAQ:OLED) by 33.0% in the 4th quarter, Holdings Channel reports. The fund owned 13,954 shares of the semiconductor company’s stock after selling 6,885 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Universal Display were worth $2,040,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in Universal Display by 1.9% in the third quarter. Geode Capital Management LLC now owns 799,352 shares of the semiconductor company’s stock valued at $167,825,000 after purchasing an additional 15,015 shares in the last quarter. Jennison Associates LLC grew its position in Universal Display by 58.2% in the fourth quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company’s stock valued at $99,975,000 after purchasing an additional 251,557 shares in the last quarter. Bank of New York Mellon Corp grew its position in Universal Display by 10.7% in the fourth quarter. Bank of New York Mellon Corp now owns 437,592 shares of the semiconductor company’s stock valued at $63,976,000 after purchasing an additional 42,218 shares in the last quarter. Southpoint Capital Advisors LP grew its position in Universal Display by 46.0% in the third quarter. Southpoint Capital Advisors LP now owns 365,000 shares of the semiconductor company’s stock valued at $76,614,000 after purchasing an additional 115,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Universal Display by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company’s stock valued at $49,857,000 after purchasing an additional 7,147 shares in the last quarter. Institutional investors own 78.19% of the company’s stock.

Universal Display Stock Performance

NASDAQ OLED opened at $159.74 on Friday. The firm has a 50-day moving average of $148.52 and a 200-day moving average of $172.43. The stock has a market cap of $7.58 billion, a PE ratio of 34.35, a P/E/G ratio of 1.61 and a beta of 1.39. Universal Display Co. has a 52-week low of $140.17 and a 52-week high of $237.00.

Universal Display (NASDAQ:OLED) last posted its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping 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 34.29% and a return on equity of 15.51%. As a group, analysts predict that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Monday, March 17th. This is a boost from Universal Display’s previous quarterly dividend of $0.40. Universal Display’s dividend payout ratio (DPR) is currently 38.71%.

Wall Street Analysts Forecast Growth

OLED has been the subject of a number of analyst reports. Needham & Company LLC decreased their target price on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 21st. 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. The Goldman Sachs Group cut their price target on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Roth Mkm increased their price target on shares of Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, StockNews.com cut shares of Universal Display from a “hold” rating to a “sell” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $190.43.

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.