Copeland Capital Management LLC Sells 43,525 Shares of Universal Display Co. (NASDAQ:OLED)

Copeland Capital Management LLC trimmed its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 9.6% during the third quarter, HoldingsChannel reports. The firm owned 410,904 shares of the semiconductor company’s stock after selling 43,525 shares during the quarter. Universal Display accounts for about 1.5% of Copeland Capital Management LLC’s investment portfolio, making the stock its 14th biggest holding. Copeland Capital Management LLC’s holdings in Universal Display were worth $86,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Red Spruce Capital LLC increased its holdings in Universal Display by 0.7% during the second quarter. Red Spruce Capital LLC now owns 11,146 shares of the semiconductor company’s stock worth $2,343,000 after buying an additional 76 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Universal Display by 7.6% in the 2nd quarter. CIBC Asset Management Inc now owns 1,351 shares of the semiconductor company’s stock worth $284,000 after purchasing an additional 96 shares during the period. UMB Bank n.a. lifted its stake in Universal Display by 42.1% in the third quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company’s stock valued at $68,000 after purchasing an additional 96 shares during the last quarter. Bahl & Gaynor Inc. grew its holdings in Universal Display by 0.5% during the first quarter. Bahl & Gaynor Inc. now owns 18,645 shares of the semiconductor company’s stock valued at $3,141,000 after purchasing an additional 101 shares during the period. Finally, Inspire Investing LLC increased its position in Universal Display by 5.4% in the first quarter. Inspire Investing LLC now owns 2,107 shares of the semiconductor company’s stock worth $355,000 after buying an additional 108 shares during the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Trading Up 0.1 %

Shares of NASDAQ:OLED opened at $204.52 on Tuesday. The company has a 50 day moving average of $198.71 and a 200 day moving average of $191.81. The stock has a market cap of $9.70 billion, a P/E ratio of 43.89, a P/E/G ratio of 2.18 and a beta of 1.42. Universal Display Co. has a 12 month low of $133.67 and a 12 month high of $237.00.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). Universal Display had a net margin of 35.74% and a return on equity of 15.25%. The firm had revenue of $158.50 million for the quarter, compared to analysts’ expectations of $159.46 million. During the same quarter last year, the firm earned $1.04 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts forecast that Universal Display Co. will post 4.81 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.60 annualized dividend and a dividend yield of 0.78%. Universal Display’s payout ratio is currently 34.33%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. TD Cowen upped their price target on Universal Display from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Oppenheimer upped their price objective on shares of Universal Display from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, July 3rd. Roth Mkm lifted their target price on shares of Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Susquehanna upped their price target on shares of Universal Display from $170.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group lifted their price objective on shares of Universal Display from $208.00 to $243.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Universal Display currently has an average rating of “Moderate Buy” and a consensus target price of $225.88.

Universal Display 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.