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

Mutual of America Capital Management LLC lowered its position in shares of Universal Display Co. (NASDAQ:OLED) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,923 shares of the semiconductor company’s stock after selling 1,395 shares during the period. Mutual of America Capital Management LLC’s holdings in Universal Display were worth $5,149,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new stake in Universal Display during the 3rd quarter valued at $31,000. Rise Advisors LLC purchased a new stake in Universal Display during the 4th quarter valued at $57,000. Tyler Stone Wealth Management bought a new position in Universal Display in the 2nd quarter worth $43,000. Brown Brothers Harriman & Co. bought a new position in Universal Display in the 1st quarter worth $93,000. Finally, Fifth Third Bancorp raised its holdings in Universal Display by 22.5% in the 3rd quarter. Fifth Third Bancorp now owns 593 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Universal Display Stock Performance

Shares of Universal Display stock opened at $159.59 on Monday. The stock has a market capitalization of $7.56 billion, a PE ratio of 37.64, a price-to-earnings-growth ratio of 1.74 and a beta of 1.45. Universal Display Co. has a 52-week low of $125.98 and a 52-week high of $194.84. The company has a 50-day simple moving average of $170.46 and a two-hundred day simple moving average of $169.40.

Universal Display (NASDAQ:OLED) last issued its earnings results on Thursday, February 22nd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.11. The business had revenue of $158.32 million during the quarter, compared to analysts’ expectations of $161.08 million. Universal Display had a net margin of 35.22% and a return on equity of 14.85%. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.36 earnings per share. As a group, equities research analysts forecast that Universal Display Co. will post 4.72 EPS for the current fiscal year.

Universal Display Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.40 dividend. The ex-dividend date was Thursday, March 14th. This is a boost from Universal Display’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 1.00%. Universal Display’s payout ratio is 37.74%.

Analyst Upgrades and Downgrades

Several research analysts have commented on OLED shares. Citigroup restated a “neutral” rating and issued a $180.00 price objective (up from $161.00) on shares of Universal Display in a report on Friday, January 19th. Oppenheimer restated an “outperform” rating and issued a $200.00 price objective (down from $210.00) on shares of Universal Display in a report on Friday, February 23rd. TD Cowen upped their price objective on shares of Universal Display from $165.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Needham & Company LLC restated a “buy” rating and issued a $198.00 price objective on shares of Universal Display in a report on Tuesday, March 26th. Finally, TheStreet upgraded shares of Universal Display from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $199.86.

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.