Universal Display Corporation $OLED Stock Holdings Lowered by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its stake in Universal Display Corporation (NASDAQ:OLED) by 98.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,221 shares of the semiconductor company’s stock after selling 61,656 shares during the period. Sterling Capital Management LLC’s holdings in Universal Display were worth $94,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in OLED. Pension & Wealth Management Advisors Inc. bought a new stake in Universal Display during the 3rd quarter valued at about $28,000. NFSG Corp bought a new position in Universal Display in the 3rd quarter worth about $31,000. Elevation Wealth Partners LLC bought a new position in Universal Display in the 3rd quarter worth about $51,000. Versant Capital Management Inc grew its stake in Universal Display by 347.8% in the 3rd quarter. Versant Capital Management Inc now owns 703 shares of the semiconductor company’s stock worth $54,000 after acquiring an additional 546 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Universal Display by 373.0% during the third quarter. GAMMA Investing LLC now owns 965 shares of the semiconductor company’s stock worth $74,000 after acquiring an additional 761 shares during the period. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Wall Street Analyst Weigh In

OLED has been the subject of several research analyst reports. Oppenheimer decreased their price target on shares of Universal Display from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Thursday, October 29th. BTIG Research lowered Universal Display to a “neutral” rating in a report on Friday, July 31st. Needham & Company LLC dropped their price objective on Universal Display from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Susquehanna raised their price objective on Universal Display from $90.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Zacks Research upgraded Universal Display from a “strong sell” rating to a “hold” rating in a report on Thursday, August 13th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $114.00.

Universal Display Price Performance

NASDAQ:OLED opened at $89.84 on Tuesday. Universal Display Corporation has a 1-year low of $70.77 and a 1-year high of $150.04. The company has a 50-day moving average of $80.83 and a 200 day moving average of $92.03. The firm has a market cap of $4.13 billion, a PE ratio of 18.22 and a beta of 1.53.

Universal Display (NASDAQ:OLED) last posted its earnings results on Wednesday, October 28th. The semiconductor company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.10. Universal Display had a net margin of 36.74% and a return on equity of 12.11%. The business had revenue of $160.43 million for the quarter, compared to the consensus estimate of $162.72 million. During the same quarter last year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. Sell-side analysts anticipate that Universal Display Corporation will post 4.40 EPS for the current fiscal year.

Universal Display Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 17th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, December 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. Universal Display’s dividend payout ratio (DPR) is currently 40.57%.

Universal Display Company Profile

Universal Display Corporation (NASDAQ: OLED) develops and commercializes technologies and materials used in organic light-emitting diode (OLED) displays and lighting. The company’s portfolio includes phosphorescent OLED (PHOLED) materials, which are designed to improve display efficiency, along with OLED research, development and manufacturing technologies.

Universal Display supplies OLED emitter materials and related products to display manufacturers and licenses its intellectual property and technology.