Swiss National Bank Grows Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Swiss National Bank lifted its position in shares of Universal Display Co. (NASDAQ:OLED) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 88,700 shares of the semiconductor company’s stock after purchasing an additional 700 shares during the period. Swiss National Bank’s holdings in Universal Display were worth $12,968,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in Universal Display by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 799,352 shares of the semiconductor company’s stock worth $167,825,000 after buying an additional 15,015 shares during the period. Jennison Associates LLC lifted its stake in Universal Display by 58.2% in the fourth 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 during the period. Bank of New York Mellon Corp boosted its holdings in Universal Display by 10.7% in the fourth quarter. Bank of New York Mellon Corp now owns 437,592 shares of the semiconductor company’s stock valued at $63,976,000 after acquiring an additional 42,218 shares in the last quarter. Southpoint Capital Advisors LP increased its position in Universal Display by 46.0% during the 3rd quarter. Southpoint Capital Advisors LP now owns 365,000 shares of the semiconductor company’s stock valued at $76,614,000 after purchasing an additional 115,000 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Universal Display by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company’s stock worth $49,857,000 after purchasing an additional 7,147 shares in the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OLED. StockNews.com cut shares of Universal Display from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. Oppenheimer reduced their target price on Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, January 2nd. Susquehanna lowered their target price on Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. The Goldman Sachs Group reduced their price target on Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Citigroup decreased their price objective on Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $190.43.

Universal Display Trading Down 1.3 %

Universal Display stock opened at $154.36 on Thursday. Universal Display Co. has a 12 month low of $140.17 and a 12 month high of $237.00. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 33.20, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40. The business’s fifty day simple moving average is $149.09 and its two-hundred day simple moving average is $169.93.

Universal Display (NASDAQ:OLED) last announced its quarterly 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. The company had revenue of $162.29 million for the quarter, compared to analysts’ expectations of $152.75 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. On average, equities research analysts predict that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, March 17th. This represents a $1.80 annualized dividend and a dividend yield of 1.17%. This is an increase from Universal Display’s previous quarterly dividend of $0.40. Universal Display’s dividend payout ratio (DPR) is 38.71%.

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.