Orion Portfolio Solutions LLC Sells 364 Shares of Universal Display Co. (NASDAQ:OLED)

Orion Portfolio Solutions LLC decreased its position in Universal Display Co. (NASDAQ:OLED) by 5.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,357 shares of the semiconductor company’s stock after selling 364 shares during the period. Orion Portfolio Solutions LLC’s holdings in Universal Display were worth $929,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in Universal Display by 401.9% during the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 209 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Universal Display by 761.1% during the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 274 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Universal Display by 185.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 232 shares during the last quarter. Jones Financial Companies Lllp raised its position in Universal Display by 2,005.9% during the 4th quarter. Jones Financial Companies Lllp now owns 358 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 341 shares during the last quarter. Finally, Quarry LP lifted its holdings in Universal Display by 1,347.8% in the 3rd quarter. Quarry LP now owns 333 shares of the semiconductor company’s stock worth $70,000 after buying an additional 310 shares during the period. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Price Performance

NASDAQ:OLED opened at $113.42 on Friday. Universal Display Co. has a one year low of $109.66 and a one year high of $237.00. The company’s 50-day simple moving average is $147.52 and its 200 day simple moving average is $165.44. The firm has a market capitalization of $5.38 billion, a P/E ratio of 24.39, a PEG ratio of 1.61 and a beta of 1.40.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, beating 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 company had revenue of $162.29 million during the quarter, compared to analyst estimates of $152.75 million. On average, equities research analysts expect that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.45 dividend. This is a boost from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, March 17th. This represents a $1.80 dividend on an annualized basis and a yield of 1.59%. Universal Display’s payout ratio is presently 38.71%.

Wall Street Analysts Forecast Growth

OLED has been the topic of several research analyst reports. Roth Mkm boosted their target price on Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Oppenheimer decreased their price objective on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, January 2nd. Susquehanna dropped their target price on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Citigroup reduced their price target on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Finally, The Goldman Sachs Group lowered their price objective on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $190.43.

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.