LVW Advisors LLC Reduces Stake in Universal Display Co. (NASDAQ:OLED)

LVW Advisors LLC cut its stake in Universal Display Co. (NASDAQ:OLED) by 15.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,150 shares of the semiconductor company’s stock after selling 591 shares during the period. LVW Advisors LLC’s holdings in Universal Display were worth $461,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Glenmede Trust Co. NA lifted its holdings in shares of Universal Display by 1.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock valued at $1,269,000 after buying an additional 97 shares during the period. BNP Paribas Financial Markets grew its position in shares of Universal Display by 8.8% in the third quarter. BNP Paribas Financial Markets now owns 52,713 shares of the semiconductor company’s stock valued at $11,064,000 after purchasing an additional 4,269 shares during the last quarter. Montanaro Asset Management Ltd increased its position in Universal Display by 217.4% during the 3rd quarter. Montanaro Asset Management Ltd now owns 63,260 shares of the semiconductor company’s stock worth $13,278,000 after purchasing an additional 43,330 shares in the last quarter. Cerity Partners LLC raised its position in shares of Universal Display by 385.2% in the third quarter. Cerity Partners LLC now owns 8,588 shares of the semiconductor company’s stock valued at $1,803,000 after buying an additional 6,818 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in shares of Universal Display by 117.2% during the 2nd quarter. ProShare Advisors LLC now owns 18,762 shares of the semiconductor company’s stock worth $3,945,000 after purchasing an additional 10,122 shares during the period. 78.19% of the stock is owned by institutional investors and hedge funds.

Universal Display Trading Up 1.4 %

Shares of OLED opened at $149.24 on Tuesday. Universal Display Co. has a 52 week low of $143.25 and a 52 week high of $237.00. The firm has a market cap of $7.08 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 1.62 and a beta of 1.40. The stock has a 50 day moving average of $156.59 and a 200-day moving average of $185.36.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.21. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. The firm had revenue of $161.63 million during the quarter, compared to the consensus estimate of $165.28 million. During the same quarter in the previous year, the company posted $1.08 earnings per share. The firm’s revenue was up 14.6% on a year-over-year basis. On average, sell-side analysts predict that Universal Display Co. will post 4.77 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.07%. Universal Display’s payout ratio is currently 32.13%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. TD Cowen dropped their price objective on Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Oppenheimer dropped their price target on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, January 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $215.00 target price on shares of Universal Display in a research note on Thursday, January 16th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $212.50.

Insider Activity

In other news, Director Lawrence Lacerte purchased 742 shares of Universal Display stock in a transaction dated Monday, November 4th. The stock was bought at an average price of $180.89 per share, with a total value of $134,220.38. Following the completion of the acquisition, the director now owns 122,372 shares in the company, valued at $22,135,871.08. The trade was a 0.61 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.

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.