Copeland Capital Management LLC Sells 25,934 Shares of Universal Display Corporation $OLED

Copeland Capital Management LLC lessened its stake in shares of Universal Display Corporation (NASDAQ:OLED) by 5.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 431,462 shares of the semiconductor company’s stock after selling 25,934 shares during the period. Universal Display comprises approximately 1.3% of Copeland Capital Management LLC’s investment portfolio, making the stock its 25th largest holding. Copeland Capital Management LLC owned 0.91% of Universal Display worth $61,971,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of OLED. Impact Capital Partners LLC raised its stake in shares of Universal Display by 1.4% during the 2nd quarter. Impact Capital Partners LLC now owns 4,823 shares of the semiconductor company’s stock worth $745,000 after purchasing an additional 67 shares in the last quarter. HM Payson & Co. grew its stake in shares of Universal Display by 10.7% in the third quarter. HM Payson & Co. now owns 734 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 71 shares in the last quarter. Parallel Advisors LLC increased its holdings in Universal Display by 9.7% during the second quarter. Parallel Advisors LLC now owns 848 shares of the semiconductor company’s stock worth $131,000 after buying an additional 75 shares during the last quarter. Farther Finance Advisors LLC raised its position in Universal Display by 27.2% during the third quarter. Farther Finance Advisors LLC now owns 351 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 75 shares in the last quarter. Finally, Wealth Alliance LLC lifted its stake in Universal Display by 4.0% in the second quarter. Wealth Alliance LLC now owns 2,186 shares of the semiconductor company’s stock valued at $338,000 after acquiring an additional 85 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors.

Universal Display Stock Performance

Shares of OLED stock opened at $119.24 on Tuesday. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 3.67 and a beta of 1.62. The company has a 50-day simple moving average of $125.50 and a 200 day simple moving average of $139.11. Universal Display Corporation has a 52 week low of $103.70 and a 52 week high of $164.29.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.27). The company had revenue of $139.61 million during the quarter, compared to the consensus estimate of $165.56 million. Universal Display had a net margin of 34.65% and a return on equity of 14.10%. The firm’s revenue was down 13.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.40 earnings per share. Sell-side analysts forecast that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 17th. Universal Display’s dividend payout ratio (DPR) is presently 38.79%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OLED. Zacks Research cut shares of Universal Display from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of Universal Display in a research report on Wednesday, December 24th. Finally, Needham & Company LLC restated a “buy” rating and issued a $150.00 price objective on shares of Universal Display in a research note on Monday, December 22nd. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $181.33.

About Universal Display

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.