Nan Fung Trinity HK Ltd. Lowers Holdings in Universal Display Co. (NASDAQ:OLED)

Nan Fung Trinity HK Ltd. lowered its position in shares of Universal Display Co. (NASDAQ:OLED) by 35.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,700 shares of the semiconductor company’s stock after selling 38,500 shares during the period. Universal Display comprises approximately 2.7% of Nan Fung Trinity HK Ltd.’s holdings, making the stock its 14th largest holding. Nan Fung Trinity HK Ltd.’s holdings in Universal Display were worth $13,140,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Treasurer of the State of North Carolina grew its holdings in Universal Display by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 20,516 shares of the semiconductor company’s stock worth $3,221,000 after acquiring an additional 100 shares in the last quarter. CWM LLC lifted its position in shares of Universal Display by 21.0% during the fourth quarter. CWM LLC now owns 606 shares of the semiconductor company’s stock valued at $116,000 after buying an additional 105 shares during the last quarter. Bahl & Gaynor Inc. lifted its position in shares of Universal Display by 0.6% during the third quarter. Bahl & Gaynor Inc. now owns 18,288 shares of the semiconductor company’s stock valued at $2,871,000 after buying an additional 109 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Universal Display by 22.5% during the third quarter. Fifth Third Bancorp now owns 593 shares of the semiconductor company’s stock valued at $93,000 after buying an additional 109 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Universal Display during the fourth quarter valued at about $25,000. 78.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. TD Cowen increased their price target on shares of Universal Display from $165.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Oppenheimer reiterated an “outperform” rating and issued a $200.00 target price (down from $210.00) on shares of Universal Display in a research note on Friday, February 23rd. Citigroup reiterated a “neutral” rating and issued a $180.00 target price (up from $161.00) on shares of Universal Display in a research note on Friday, January 19th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $198.00 target price on shares of Universal Display in a research note on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Universal Display presently has a consensus rating of “Moderate Buy” and an average price target of $199.86.

Universal Display Trading Down 1.1 %

NASDAQ OLED traded down $1.98 on Thursday, hitting $173.17. 131,347 shares of the company’s stock traded hands, compared to its average volume of 289,881. Universal Display Co. has a 1-year low of $133.67 and a 1-year high of $194.84. The firm’s 50-day moving average price is $163.58 and its two-hundred day moving average price is $169.40. The firm has a market capitalization of $8.22 billion, a PE ratio of 38.08, a P/E/G ratio of 1.85 and a beta of 1.44.

Universal Display (NASDAQ:OLED) last posted its earnings results on Thursday, May 2nd. The semiconductor company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.14. The firm had revenue of $165.26 million during the quarter, compared to analyst estimates of $150.75 million. Universal Display had a net margin of 36.00% and a return on equity of 15.57%. The business’s quarterly revenue was up 26.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 EPS. On average, research analysts anticipate that Universal Display Co. will post 4.74 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Friday, June 14th. Universal Display’s dividend payout ratio (DPR) is 34.78%.

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.