Universal Display Co. (NASDAQ:OLED) Position Lowered by Venturi Wealth Management LLC

Venturi Wealth Management LLC decreased its stake in shares of Universal Display Co. (NASDAQ:OLED) by 8.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of Universal Display by 1.9% during the third quarter. Geode Capital Management LLC now owns 799,352 shares of the semiconductor company’s stock worth $167,825,000 after purchasing an additional 15,015 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Universal Display by 58.2% during the fourth quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company’s stock worth $99,975,000 after purchasing an additional 251,557 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Universal Display by 27.2% during the third quarter. Van ECK Associates Corp now owns 507,440 shares of the semiconductor company’s stock worth $101,914,000 after purchasing an additional 108,394 shares during the last quarter. Southpoint Capital Advisors LP lifted its position in shares of Universal Display by 46.0% during the third quarter. Southpoint Capital Advisors LP now owns 365,000 shares of the semiconductor company’s stock worth $76,614,000 after purchasing an additional 115,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Universal Display by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 333,872 shares of the semiconductor company’s stock worth $70,080,000 after purchasing an additional 10,046 shares during the last quarter. Institutional investors own 78.19% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on OLED. Roth Mkm increased 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. TD Cowen cut their target price on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Susquehanna cut their target price on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday. Oppenheimer cut their target price on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, January 2nd. Finally, Needham & Company LLC cut their target price on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a report on Friday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Universal Display has an average rating of “Moderate Buy” and a consensus target price of $190.43.

Universal Display Trading Up 6.8 %

Shares of NASDAQ:OLED opened at $157.30 on Friday. The firm’s 50 day moving average is $148.41 and its two-hundred day moving average is $173.75. Universal Display Co. has a 52 week low of $140.17 and a 52 week high of $237.00. The firm has a market capitalization of $7.47 billion, a P/E ratio of 31.59, a PEG ratio of 1.60 and a beta of 1.39.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.08 by $0.14. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. The company had revenue of $162.29 million for the quarter, compared to analyst estimates of $152.75 million. Analysts predict that Universal Display Co. will post 4.77 EPS for the current year.

Universal Display Increases Dividend

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

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.