Mutual of America Capital Management LLC Reduces Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Mutual of America Capital Management LLC cut its holdings in shares of Universal Display Co. (NASDAQ:OLEDGet Rating) by 8.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,314 shares of the semiconductor company’s stock after selling 3,221 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.08% of Universal Display worth $3,673,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Signaturefd LLC grew its position in shares of Universal Display by 174.4% in the 1st quarter. Signaturefd LLC now owns 354 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 225 shares in the last quarter. Nan Fung Trinity HK Ltd. boosted its position in Universal Display by 9.4% during the 1st quarter. Nan Fung Trinity HK Ltd. now owns 38,300 shares of the semiconductor company’s stock valued at $6,394,000 after purchasing an additional 3,300 shares during the period. Coastline Trust Co boosted its position in Universal Display by 3.8% during the 1st quarter. Coastline Trust Co now owns 15,640 shares of the semiconductor company’s stock valued at $2,611,000 after purchasing an additional 570 shares during the period. Envestnet Asset Management Inc. boosted its position in Universal Display by 11.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 42,712 shares of the semiconductor company’s stock valued at $7,131,000 after purchasing an additional 4,328 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in Universal Display by 0.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 10,467 shares of the semiconductor company’s stock valued at $1,747,000 after purchasing an additional 94 shares during the period. 71.77% of the stock is currently owned by hedge funds and other institutional investors.

Universal Display Stock Performance

OLED opened at $109.44 on Monday. Universal Display Co. has a one year low of $89.41 and a one year high of $178.75. The stock’s fifty day moving average is $100.11 and its 200-day moving average is $110.36. The company has a market capitalization of $5.17 billion, a PE ratio of 27.36, a P/E/G ratio of 1.56 and a beta of 1.41.

Universal Display Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, December 15th. Universal Display’s dividend payout ratio is presently 30.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on OLED. Needham & Company LLC reduced their price objective on Universal Display from $140.00 to $128.00 and set a “buy” rating for the company in a research report on Friday, November 4th. DA Davidson reduced their price objective on Universal Display from $165.00 to $140.00 in a research report on Tuesday, July 26th. The Goldman Sachs Group reduced their price target on Universal Display from $185.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, November 4th. Oppenheimer reduced their price target on Universal Display from $150.00 to $135.00 in a research report on Friday, November 4th. Finally, Cowen reduced their price target on Universal Display from $145.00 to $130.00 in a research report on Friday, November 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $145.44.

About Universal Display

(Get Rating)

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. It owns, exclusively licenses, or has sole rights to sublicense approximately 5,500 issued and pending patents worldwide.

Featured Articles

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

Receive News & Ratings for Universal Display Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Display and related companies with MarketBeat.com's FREE daily email newsletter.