Advisor OS LLC Has $243,000 Stock Position in Universal Display Co. (NASDAQ:OLED)

Advisor OS LLC lowered its stake in Universal Display Co. (NASDAQ:OLED) by 34.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,662 shares of the semiconductor company’s stock after selling 881 shares during the quarter. Advisor OS LLC’s holdings in Universal Display were worth $243,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp boosted its holdings in shares of Universal Display by 10.7% during the fourth quarter. Bank of New York Mellon Corp now owns 437,592 shares of the semiconductor company’s stock worth $63,976,000 after acquiring an additional 42,218 shares during the period. Crestwood Advisors Group LLC raised its position in Universal Display by 1.1% during the fourth quarter. Crestwood Advisors Group LLC now owns 134,507 shares of the semiconductor company’s stock valued at $19,665,000 after purchasing an additional 1,477 shares in the last quarter. Hardman Johnston Global Advisors LLC increased its holdings in shares of Universal Display by 4.0% during the fourth quarter. Hardman Johnston Global Advisors LLC now owns 244,862 shares of the semiconductor company’s stock worth $35,799,000 after buying an additional 9,465 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Universal Display during the fourth quarter worth $1,655,000. Finally, Hussman Strategic Advisors Inc. acquired a new position in shares of Universal Display during the fourth quarter worth $921,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on OLED shares. Needham & Company LLC reduced their price objective on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group cut their price objective on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Oppenheimer cut their price objective on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, January 2nd. TD Cowen lowered 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. Finally, Susquehanna lowered 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, February 21st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Universal Display has an average rating of “Moderate Buy” and an average price target of $190.43.

Universal Display Stock Down 6.6 %

Shares of NASDAQ:OLED opened at $150.99 on Friday. The stock has a market cap of $7.17 billion, a PE ratio of 32.47, a PEG ratio of 1.61 and a beta of 1.39. The company’s fifty day moving average is $148.67 and its 200 day moving average is $173.52. Universal Display Co. has a 52 week low of $140.17 and a 52 week high of $237.00.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The firm had revenue of $162.29 million for the quarter, compared to analysts’ expectations of $152.75 million. Sell-side analysts anticipate that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.45 per share. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, March 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.19%. Universal Display’s payout ratio is presently 38.71%.

Universal Display Company Profile

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.