Captrust Financial Advisors Trims Stock Position in Universal Display Co. (NASDAQ:OLED)

Captrust Financial Advisors trimmed its stake in shares of Universal Display Co. (NASDAQ:OLED) by 32.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,786 shares of the semiconductor company’s stock after selling 1,313 shares during the quarter. Captrust Financial Advisors’ holdings in Universal Display were worth $407,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bayesian Capital Management LP purchased a new stake in shares of Universal Display during the fourth quarter worth approximately $317,000. Bank of America Corp DE raised its position in Universal Display by 7.7% during the 4th quarter. Bank of America Corp DE now owns 363,042 shares of the semiconductor company’s stock worth $53,077,000 after buying an additional 25,997 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Universal Display by 16.9% in the 4th quarter. BNP Paribas Financial Markets now owns 61,641 shares of the semiconductor company’s stock worth $9,012,000 after acquiring an additional 8,928 shares during the period. Algert Global LLC boosted its holdings in shares of Universal Display by 14.6% in the fourth quarter. Algert Global LLC now owns 32,120 shares of the semiconductor company’s stock valued at $4,696,000 after acquiring an additional 4,089 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of Universal Display by 24.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,236 shares of the semiconductor company’s stock worth $619,000 after acquiring an additional 845 shares during the period. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OLED has been the subject of a number of recent analyst reports. Roth Mkm raised their price objective on shares of Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, February 21st. StockNews.com raised Universal Display from a “sell” rating to a “hold” rating in a report on Friday, May 2nd. The Goldman Sachs Group dropped their price objective on Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Citigroup reduced their target price on Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Finally, Susquehanna lowered their price target on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $190.43.

Universal Display Price Performance

Shares of NASDAQ OLED opened at $152.23 on Tuesday. The firm’s 50-day moving average is $134.74 and its two-hundred day moving average is $147.95. The company has a market capitalization of $7.23 billion, a PE ratio of 32.74, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46. Universal Display Co. has a 12-month low of $103.70 and a 12-month high of $237.00.

Universal Display (NASDAQ:OLED) last posted its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.28. The firm had revenue of $166.28 million for the quarter, compared to analyst estimates of $154.76 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. Universal Display’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.19 EPS. On average, analysts forecast that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Monday, June 16th. Universal Display’s payout ratio is currently 37.42%.

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.