Universal Display Co. (NASDAQ:OLED) Shares Sold by Morgan Stanley

Morgan Stanley trimmed its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 31.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,513 shares of the semiconductor company’s stock after selling 70,003 shares during the quarter. Morgan Stanley owned 0.32% of Universal Display worth $19,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Bedel Financial Consulting Inc. grew its position in Universal Display by 1,446.2% during the 1st quarter. Bedel Financial Consulting Inc. now owns 201 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 188 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of Universal Display during the first quarter worth $27,000. Archer Investment Corp grew its holdings in shares of Universal Display by 44.0% during the first quarter. Archer Investment Corp now owns 229 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 70 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Universal Display in the 4th quarter valued at $33,000. Finally, Pacifica Partners Inc. purchased a new position in Universal Display in the 1st quarter worth $34,000. 67.45% of the stock is currently owned by institutional investors.

OLED opened at $146.88 on Wednesday. The firm has a fifty day moving average price of $151.68 and a 200 day moving average price of $164.53. Universal Display Co. has a 1 year low of $105.11 and a 1 year high of $230.32. The stock has a market cap of $6.92 billion, a P/E ratio of 48.00, a P/E/G ratio of 1.70 and a beta of 1.56.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.12. Universal Display had a net margin of 33.74% and a return on equity of 18.85%. The company had revenue of $112.30 million during the quarter, compared to analysts’ expectations of $93.94 million. During the same quarter in the previous year, the company earned $0.66 earnings per share. The firm’s revenue for the quarter was up 27.6% on a year-over-year basis. Analysts forecast that Universal Display Co. will post 2.88 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.15 dividend. The ex-dividend date was Friday, June 12th. This represents a $0.60 dividend on an annualized basis and a yield of 0.41%. Universal Display’s payout ratio is 18.18%.

OLED has been the topic of a number of research reports. Oppenheimer reissued a “hold” rating on shares of Universal Display in a report on Friday, May 8th. Deutsche Bank cut their price target on shares of Universal Display from $220.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, March 27th. Cowen upgraded shares of Universal Display from a “market perform” rating to an “outperform” rating and set a $200.00 price objective for the company in a research note on Monday, May 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of Universal Display in a report on Friday, May 8th. Finally, BidaskClub raised shares of Universal Display from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Universal Display presently has a consensus rating of “Hold” and an average target price of $196.06.

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 flat panel displays and solid-state lighting applications. As of February 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide.

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Institutional Ownership by Quarter for Universal Display (NASDAQ:OLED)

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