Vontobel Holding Ltd. Trims Stake in Universal Display Corporation (NASDAQ:OLED)

Vontobel Holding Ltd. reduced its stake in Universal Display Corporation (NASDAQ:OLED - Free Report) by 1.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 161,633 shares of the semiconductor company's stock after selling 2,688 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.34% of Universal Display worth $22,545,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. CIBC Private Wealth Group LLC grew its stake in shares of Universal Display by 5.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,615 shares of the semiconductor company's stock worth $245,000 after acquiring an additional 85 shares in the last quarter. Arizona State Retirement System boosted its holdings in Universal Display by 0.7% during the fourth quarter. Arizona State Retirement System now owns 13,065 shares of the semiconductor company's stock worth $1,910,000 after purchasing an additional 88 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Universal Display by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company's stock worth $1,475,000 after purchasing an additional 90 shares in the last quarter. Bessemer Group Inc. grew its position in Universal Display by 3.8% in the 1st quarter. Bessemer Group Inc. now owns 2,603 shares of the semiconductor company's stock worth $363,000 after purchasing an additional 95 shares in the last quarter. Finally, Utah Retirement Systems increased its stake in Universal Display by 1.3% in the 4th quarter. Utah Retirement Systems now owns 7,820 shares of the semiconductor company's stock valued at $1,143,000 after buying an additional 100 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors.

Universal Display Trading Down 1.6%

Shares of NASDAQ:OLED traded down $2.53 during mid-day trading on Thursday, reaching $158.91. The company had a trading volume of 274,480 shares, compared to its average volume of 609,976. Universal Display Corporation has a one year low of $103.70 and a one year high of $237.00. The company's 50-day moving average price is $148.90 and its 200-day moving average price is $144.90. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 33.04, a PEG ratio of 1.75 and a beta of 1.51.

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

Universal Display Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.13%. Universal Display's dividend payout ratio is presently 37.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on OLED shares. Needham & Company LLC restated a "buy" rating and issued a $170.00 target price on shares of Universal Display in a research note on Friday, May 2nd. Wall Street Zen raised Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.