Dimensional Fund Advisors LP Trims Position in Universal Display Co. (NASDAQ:OLED)

Dimensional Fund Advisors LP reduced its holdings in Universal Display Co. (NASDAQ:OLED) by 10.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 349,904 shares of the semiconductor company’s stock after selling 41,874 shares during the period. Dimensional Fund Advisors LP owned about 0.74% of Universal Display worth $66,925,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vontobel Holding Ltd. boosted its holdings in Universal Display by 6.4% in the fourth quarter. Vontobel Holding Ltd. now owns 309,804 shares of the semiconductor company’s stock valued at $59,253,000 after purchasing an additional 18,582 shares during the last quarter. Van ECK Associates Corp raised its position in Universal Display by 18.3% during the fourth quarter. Van ECK Associates Corp now owns 270,184 shares of the semiconductor company’s stock valued at $51,676,000 after acquiring an additional 41,795 shares in the last quarter. FengHe Fund Management Pte. Ltd. acquired a new position in Universal Display in the fourth quarter valued at approximately $5,451,000. Linden Thomas Advisory Services LLC boosted its position in Universal Display by 3.3% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 14,848 shares of the semiconductor company’s stock worth $2,840,000 after purchasing an additional 469 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of Universal Display by 54.5% during the 3rd quarter. Sei Investments Co. now owns 80,538 shares of the semiconductor company’s stock worth $12,644,000 after purchasing an additional 28,415 shares during the period. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Trading Up 1.3 %

NASDAQ:OLED opened at $176.59 on Friday. The stock has a 50 day moving average of $165.02 and a two-hundred day moving average of $171.84. Universal Display Co. has a 12 month low of $133.67 and a 12 month high of $194.84. The firm has a market cap of $8.38 billion, a P/E ratio of 38.39, a price-to-earnings-growth ratio of 1.89 and a beta of 1.44.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.05 by $0.14. Universal Display had a return on equity of 15.57% and a net margin of 36.00%. The firm had revenue of $165.26 million during the quarter, compared to analysts’ expectations of $150.75 million. During the same period in the previous year, the business earned $0.83 earnings per share. The firm’s revenue for the quarter was up 26.7% on a year-over-year basis. On average, research analysts forecast that Universal Display Co. will post 4.76 earnings per share for the current year.

Universal Display Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.60 dividend on an annualized basis and a yield of 0.91%. Universal Display’s payout ratio is presently 34.78%.

Insider Activity at Universal Display

In other Universal Display news, SVP Mauro Premutico sold 8,202 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $176.82, for a total value of $1,450,277.64. Following the transaction, the senior vice president now directly owns 28,743 shares of the company’s stock, valued at approximately $5,082,337.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Universal Display news, EVP Julia J. Brown sold 10,358 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $175.00, for a total value of $1,812,650.00. Following the completion of the sale, the executive vice president now directly owns 56,624 shares of the company’s stock, valued at approximately $9,909,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mauro Premutico sold 8,202 shares of Universal Display stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $176.82, for a total value of $1,450,277.64. Following the transaction, the senior vice president now owns 28,743 shares in the company, valued at approximately $5,082,337.26. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on OLED shares. TD Cowen raised their price target on shares of Universal Display from $165.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Needham & Company LLC restated a “buy” rating and issued a $198.00 price target on shares of Universal Display in a research note on Friday, May 3rd. Finally, Oppenheimer reiterated an “outperform” rating and set a $200.00 price target (down previously from $210.00) on shares of Universal Display in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.86.

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.