Epoch Investment Partners Inc. Has $1.17 Million Stock Position in Universal Display Corporation $OLED

Epoch Investment Partners Inc. trimmed its holdings in shares of Universal Display Corporation (NASDAQ:OLED) by 67.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,046 shares of the semiconductor company’s stock after selling 20,904 shares during the period. Epoch Investment Partners Inc.’s holdings in Universal Display were worth $1,173,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its position in shares of Universal Display by 309.8% during the third quarter. Smartleaf Asset Management LLC now owns 209 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 158 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Universal Display in the 3rd quarter valued at approximately $33,000. Jones Financial Companies Lllp increased its stake in Universal Display by 104.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 388 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 198 shares in the last quarter. RHL Group LLC bought a new position in Universal Display in the fourth quarter valued at approximately $60,000. Finally, Canada Pension Plan Investment Board bought a new position in Universal Display in the second quarter valued at approximately $62,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Price Performance

Universal Display stock opened at $92.97 on Tuesday. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 20.75 and a beta of 1.54. The firm has a 50-day moving average of $93.20 and a 200-day moving average of $105.93. Universal Display Corporation has a one year low of $83.64 and a one year high of $162.36.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, April 30th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.37). Universal Display had a return on equity of 12.34% and a net margin of 34.08%.The company had revenue of $142.21 million for the quarter, compared to the consensus estimate of $161.23 million. During the same quarter in the previous year, the company posted $1.35 EPS. The business’s revenue was down 14.5% on a year-over-year basis. As a group, sell-side analysts expect that Universal Display Corporation will post 4.23 earnings per share for the current year.

Universal Display Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, June 16th. Universal Display’s dividend payout ratio is presently 44.64%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group set a $135.00 target price on shares of Universal Display in a research note on Tuesday, April 21st. Wall Street Zen raised Universal Display from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Roth Mkm set a $168.00 price objective on Universal Display in a research report on Friday, May 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Universal Display in a report on Monday, March 23rd. Finally, Zacks Research lowered Universal Display from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $130.60.

Universal Display Company Profile

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.