Mutual of America Capital Management LLC Sells 534 Shares of Universal Display Co. (NASDAQ:OLED)

Mutual of America Capital Management LLC trimmed its stake in Universal Display Co. (NASDAQ:OLED) by 2.2% during the fourth quarter, Holdings Channel reports. The fund owned 23,316 shares of the semiconductor company’s stock after selling 534 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Universal Display were worth $3,409,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in OLED. Assetmark Inc. bought a new position in shares of Universal Display in the 3rd quarter valued at approximately $29,000. Brooklyn Investment Group bought a new position in shares of Universal Display in the 3rd quarter valued at approximately $30,000. Nisa Investment Advisors LLC increased its position in Universal Display by 60.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock worth $36,000 after buying an additional 65 shares during the period. True Wealth Design LLC bought a new position in Universal Display in the 3rd quarter worth approximately $36,000. Finally, Blue Trust Inc. increased its position in Universal Display by 401.9% in the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock worth $38,000 after buying an additional 209 shares during the period. 78.19% of the stock is owned by institutional investors.

Universal Display Trading Up 2.6 %

OLED opened at $152.76 on Thursday. The stock has a market cap of $7.25 billion, a PE ratio of 32.85, a P/E/G ratio of 1.61 and a beta of 1.39. Universal Display Co. has a 1 year low of $140.17 and a 1 year high of $237.00. The stock’s 50 day simple moving average is $148.55 and its 200-day simple moving average is $172.73.

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

Universal Display Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.45 dividend. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.80 annualized dividend and a yield of 1.18%. Universal Display’s payout ratio is currently 38.71%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Susquehanna dropped their price target on Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Citigroup dropped their price target on Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. The Goldman Sachs Group dropped their price target on Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Needham & Company LLC dropped their price target on Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, Roth Mkm lifted their price target on Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.