Robeco Schweiz AG Invests $4.60 Million 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 approximately 0.07% of Universal Display as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in OLED. Orion Capital Management LLC acquired a new position in shares of Universal Display in the 4th quarter valued at $29,000. Brown Brothers Harriman & Co. raised its stake in shares of Universal Display by 280.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock valued at $31,000 after buying an additional 154 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of Universal Display by 4,700.0% in the 1st quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company's stock valued at $33,000 after buying an additional 235 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Universal Display during the 4th quarter worth about $40,000. Finally, Farther Finance Advisors LLC increased its position in shares of Universal Display by 761.1% during the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock worth $45,000 after purchasing an additional 274 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company's stock.

Universal Display Stock Down 1.4%

NASDAQ:OLED traded down $2.19 during mid-day trading on Friday, reaching $155.49. 392,981 shares of the company were exchanged, compared to its average volume of 613,045. Universal Display Corporation has a 12 month low of $103.70 and a 12 month high of $237.00. The company has a fifty day moving average of $152.01 and a 200 day moving average of $145.13. The stock has a market cap of $7.39 billion, a PE ratio of 32.33, a PEG ratio of 1.70 and a beta of 1.51.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.28. Universal Display had a net margin of 35.40% and a return on equity of 15.35%. The firm had revenue of $166.28 million for the quarter, compared to analyst estimates of $154.76 million. During the same quarter in the prior year, the firm earned $1.19 EPS. The company's revenue was up .6% on a year-over-year basis. On average, equities research analysts anticipate that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Monday, June 16th. Universal Display's dividend payout ratio is 37.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Needham & Company LLC reiterated a "buy" rating and set a $170.00 target price on shares of Universal Display in a research report on Friday, May 2nd. Wall Street Zen upgraded shares of Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.43.

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.