Robeco Schweiz AG Makes New Investment in Universal Display Corporation (NASDAQ:OLED)

Robeco Schweiz AG acquired a new stake in Universal Display Corporation (NASDAQ:OLED - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 33,000 shares of the semiconductor company's stock, valued at approximately $4,603,000. Robeco Schweiz AG owned 0.07% of Universal Display at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its stake in shares of Universal Display by 5.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 139,646 shares of the semiconductor company's stock valued at $19,478,000 after buying an additional 6,604 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Universal Display in the 1st quarter worth about $242,000. GAMMA Investing LLC raised its stake in Universal Display by 134.1% in the 1st quarter. GAMMA Investing LLC now owns 962 shares of the semiconductor company's stock valued at $134,000 after acquiring an additional 551 shares during the period. DAVENPORT & Co LLC purchased a new position in shares of Universal Display in the first quarter worth about $377,000. Finally, Teacher Retirement System of Texas increased its stake in shares of Universal Display by 21.7% in the first quarter. Teacher Retirement System of Texas now owns 10,555 shares of the semiconductor company's stock worth $1,472,000 after purchasing an additional 1,884 shares in the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on OLED shares. Wall Street Zen upgraded shares of Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $170.00 price target on shares of Universal Display in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $190.43.

Universal Display Trading Down 1.6%

Shares of Universal Display stock traded down $2.44 during trading on Monday, hitting $153.05. The stock had a trading volume of 421,634 shares, compared to its average volume of 689,780. The firm has a market cap of $7.27 billion, a price-to-earnings ratio of 31.82, a P/E/G ratio of 1.68 and a beta of 1.51. Universal Display Corporation has a 12 month low of $103.70 and a 12 month high of $237.00. The business's 50-day moving average is $152.01 and its 200 day moving average is $145.04.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.28. The firm had revenue of $166.28 million for the quarter, compared to analysts' expectations of $154.76 million. Universal Display had a return on equity of 15.35% and a net margin of 35.40%. The company's revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.19 EPS. As a group, equities analysts expect that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Monday, June 16th. Universal Display's dividend payout ratio (DPR) is presently 37.42%.

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.