TD Private Client Wealth LLC Has $1.42 Million Stock Position in Universal Display Co. (NASDAQ:OLED)

TD Private Client Wealth LLC trimmed its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,742 shares of the semiconductor company’s stock after selling 645 shares during the period. TD Private Client Wealth LLC’s holdings in Universal Display were worth $1,424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of OLED. Raymond James Financial Inc. acquired a new position in Universal Display in the 4th quarter worth about $41,504,000. Jennison Associates LLC boosted its stake in shares of Universal Display by 58.2% during the 4th quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company’s stock worth $99,975,000 after acquiring an additional 251,557 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Universal Display by 1,387.6% during the 3rd quarter. Citigroup Inc. now owns 261,723 shares of the semiconductor company’s stock worth $54,936,000 after acquiring an additional 244,129 shares in the last quarter. Barclays PLC boosted its stake in shares of Universal Display by 753.8% during the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company’s stock worth $44,608,000 after acquiring an additional 187,627 shares in the last quarter. Finally, Southpoint Capital Advisors LP boosted its stake in shares of Universal Display by 46.0% during the 3rd quarter. Southpoint Capital Advisors LP now owns 365,000 shares of the semiconductor company’s stock worth $76,614,000 after acquiring an additional 115,000 shares in the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on OLED. StockNews.com upgraded Universal Display from a “sell” rating to a “hold” rating in a research note on Friday. Oppenheimer decreased their target price on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, January 2nd. The Goldman Sachs Group decreased their target price on Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Susquehanna reduced their price objective on Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Finally, Needham & Company LLC reduced their price objective on Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Universal Display has a consensus rating of “Moderate Buy” and an average target price of $190.43.

Universal Display Trading Down 1.9 %

Shares of OLED opened at $148.50 on Friday. Universal Display Co. has a 1 year low of $140.17 and a 1 year high of $237.00. The stock has a 50 day simple moving average of $149.09 and a 200-day simple moving average of $169.40. The stock has a market cap of $7.05 billion, a PE ratio of 31.94, a PEG ratio of 1.61 and a beta of 1.40.

Universal Display (NASDAQ:OLED) last issued its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The business had revenue of $162.29 million during the quarter, compared to analysts’ expectations of $152.75 million. On average, sell-side analysts forecast that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, March 17th. This is a boost from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.21%. Universal Display’s dividend payout ratio is presently 38.71%.

About Universal Display

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.