Vontobel Holding Ltd. Acquires 2,885 Shares of Universal Display Co. (NASDAQ:OLED)

Vontobel Holding Ltd. increased its holdings in Universal Display Co. (NASDAQ:OLED) by 1.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 167,347 shares of the semiconductor company’s stock after purchasing an additional 2,885 shares during the period. Vontobel Holding Ltd.’s holdings in Universal Display were worth $35,126,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in OLED. SageView Advisory Group LLC bought a new stake in shares of Universal Display during the 1st quarter valued at $1,179,000. Montag A & Associates Inc. lifted its holdings in Universal Display by 28.9% in the 1st quarter. Montag A & Associates Inc. now owns 11,848 shares of the semiconductor company’s stock worth $1,996,000 after purchasing an additional 2,655 shares in the last quarter. Tidal Investments LLC boosted its stake in Universal Display by 172.0% in the 1st quarter. Tidal Investments LLC now owns 6,246 shares of the semiconductor company’s stock worth $1,052,000 after purchasing an additional 3,950 shares during the period. Meeder Asset Management Inc. purchased a new stake in Universal Display during the 1st quarter valued at approximately $1,001,000. Finally, Harbor Capital Advisors Inc. raised its position in shares of Universal Display by 375.1% during the second quarter. Harbor Capital Advisors Inc. now owns 10,043 shares of the semiconductor company’s stock valued at $2,112,000 after buying an additional 7,929 shares during the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Oppenheimer lifted their price target on shares of Universal Display from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, July 3rd. The Goldman Sachs Group boosted their price objective on Universal Display from $208.00 to $243.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Susquehanna boosted their target price on Universal Display from $170.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. TD Cowen raised their price target on Universal Display from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Needham & Company LLC boosted their price objective on shares of Universal Display from $198.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Universal Display presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.88.

Universal Display Stock Up 0.0 %

Shares of Universal Display stock opened at $201.88 on Thursday. Universal Display Co. has a 52-week low of $133.67 and a 52-week high of $237.00. The firm’s 50 day moving average price is $197.25 and its 200-day moving average price is $191.07. The company has a market cap of $9.58 billion, a P/E ratio of 43.32, a PEG ratio of 2.20 and a beta of 1.42.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.04). The firm had revenue of $158.50 million during the quarter, compared to analysts’ expectations of $159.46 million. Universal Display had a return on equity of 15.25% and a net margin of 35.74%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.04 earnings per share. As a group, equities research analysts forecast that Universal Display Co. will post 4.81 EPS for the current fiscal year.

Universal Display Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Monday, September 16th. Universal Display’s dividend payout ratio (DPR) is 34.33%.

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.