TD Private Client Wealth LLC Has $1.42 Million Stake in Universal Display Co. (NASDAQ:OLED)

TD Private Client Wealth LLC trimmed its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 6.2% in the fourth quarter, HoldingsChannel reports. The firm owned 9,742 shares of the semiconductor company’s stock after selling 645 shares during the period. TD Private Client Wealth LLC’s holdings in Universal Display were worth $1,424,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OLED. Brooklyn Investment Group bought a new position in Universal Display in the 3rd quarter valued at $30,000. True Wealth Design LLC bought a new position in Universal Display in the 3rd quarter valued at $36,000. Blue Trust Inc. boosted its position in Universal Display by 401.9% in the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 209 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Universal Display by 761.1% in the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 274 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Universal Display by 185.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company’s stock valued at $52,000 after buying an additional 232 shares during the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

Universal Display Stock Down 1.9 %

NASDAQ:OLED opened at $148.50 on Friday. The stock’s fifty day simple moving average is $149.09 and its 200-day simple moving average is $169.40. The firm has a market capitalization of $7.05 billion, a P/E ratio of 31.94, a P/E/G ratio of 1.61 and a beta of 1.40. Universal Display Co. has a 12-month low of $140.17 and a 12-month 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 for the quarter, topping the consensus estimate of $1.08 by $0.14. The firm had revenue of $162.29 million for the quarter, compared to analyst estimates of $152.75 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. As a group, equities research analysts expect that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, March 17th. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.21%. Universal Display’s payout ratio is currently 38.71%.

Analysts Set New Price Targets

OLED has been the topic of a number of recent research reports. StockNews.com upgraded Universal Display from a “sell” rating to a “hold” rating in a research report on Friday. Citigroup decreased their price objective on Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Needham & Company LLC decreased their price objective 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. The Goldman Sachs Group reduced their price target on Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, Oppenheimer reduced their price target on Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.