Vontobel Holding Ltd. Increases Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Vontobel Holding Ltd. lifted its position in Universal Display Co. (NASDAQ:OLED - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 309,804 shares of the semiconductor company's stock after buying an additional 18,582 shares during the period. Vontobel Holding Ltd. owned about 0.65% of Universal Display worth $59,253,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System bought a new position in Universal Display during the fourth quarter valued at approximately $2,333,000. Koshinski Asset Management Inc. bought a new position in Universal Display during the fourth quarter valued at approximately $336,000. Cerity Partners LLC bought a new position in Universal Display during the fourth quarter valued at approximately $207,000. Nisa Investment Advisors LLC lifted its position in Universal Display by 47.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 933 shares of the semiconductor company's stock valued at $178,000 after purchasing an additional 300 shares during the period. Finally, XXEC Inc. raised its position in Universal Display by 1,199.4% in the fourth quarter. XXEC Inc. now owns 38,982 shares of the semiconductor company's stock worth $7,456,000 after acquiring an additional 35,982 shares during the period. Institutional investors own 78.19% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Citigroup reissued a "neutral" rating and issued a $180.00 price objective (up from $161.00) on shares of Universal Display in a research note on Friday, January 19th. TD Cowen raised their target price on shares of Universal Display from $165.00 to $210.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. Bank of America raised shares of Universal Display from a "neutral" rating to a "buy" rating and raised their target price for the company from $160.00 to $250.00 in a research note on Monday, December 18th. Oppenheimer reaffirmed an "outperform" rating and set a $200.00 target price (down from $210.00) on shares of Universal Display in a research note on Friday, February 23rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $198.00 target price on shares of Universal Display in a research note on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $199.86.

Universal Display Price Performance

Shares of Universal Display stock traded down $4.70 during trading on Friday, hitting $159.59. The stock had a trading volume of 202,493 shares, compared to its average volume of 241,914. The firm's fifty day simple moving average is $170.46 and its 200-day simple moving average is $169.40. The stock has a market cap of $7.56 billion, a PE ratio of 37.64, a PEG ratio of 1.74 and a beta of 1.45. Universal Display Co. has a 12 month low of $125.98 and a 12 month high of $194.84.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The semiconductor company reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.18 by $0.11. Universal Display had a net margin of 35.22% and a return on equity of 14.85%. The company had revenue of $158.32 million during the quarter, compared to analyst estimates of $161.08 million. During the same quarter last year, the business posted $1.36 EPS. The firm's revenue for the quarter was down 6.3% on a year-over-year basis. Analysts expect that Universal Display Co. will post 4.72 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.40 per share. This is a positive change from Universal Display's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.00%. Universal Display's dividend payout ratio (DPR) is presently 37.74%.

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.