Swiss National Bank Has $16.95 Million Stock Position in Universal Display Co. (NASDAQ:OLED)

Swiss National Bank reduced its holdings in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 10.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 88,600 shares of the semiconductor company's stock after selling 10,200 shares during the period. Swiss National Bank owned approximately 0.19% of Universal Display worth $16,946,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in OLED. Commonwealth Equity Services LLC grew its stake in Universal Display by 7.6% during the third quarter. Commonwealth Equity Services LLC now owns 15,697 shares of the semiconductor company's stock worth $2,464,000 after buying an additional 1,107 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Universal Display by 2.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 8,190 shares of the semiconductor company's stock worth $1,286,000 after purchasing an additional 162 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Universal Display by 1.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 21,316 shares of the semiconductor company's stock worth $3,346,000 after purchasing an additional 282 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new position in shares of Universal Display in the third quarter worth approximately $340,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Universal Display by 56.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,193 shares of the semiconductor company's stock worth $1,914,000 after purchasing an additional 4,383 shares during the period. Hedge funds and other institutional investors own 78.19% of the company's stock.

Universal Display Price Performance

NASDAQ OLED traded down $2.68 during trading hours on Friday, reaching $171.08. 427,402 shares of the company's stock traded hands, compared to its average volume of 292,873. The firm has a market cap of $8.12 billion, a PE ratio of 38.00, a PEG ratio of 1.85 and a beta of 1.44. Universal Display Co. has a 52-week low of $133.67 and a 52-week high of $194.84. The firm has a 50-day simple moving average of $163.57 and a 200 day simple moving average of $169.43.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.14. The company had revenue of $165.26 million for the quarter, compared to the consensus estimate of $150.75 million. Universal Display had a return on equity of 15.57% and a net margin of 36.00%. The firm's quarterly revenue was up 26.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 EPS. Sell-side analysts forecast that Universal Display Co. will post 4.74 EPS for the current fiscal year.

Universal Display Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. Universal Display's payout ratio is presently 34.78%.

Insiders Place Their Bets

In other news, EVP Julia J. Brown sold 10,358 shares of the firm's stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $175.00, for a total transaction of $1,812,650.00. Following the completion of the transaction, the executive vice president now owns 56,624 shares in the company, valued at $9,909,200. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Mauro Premutico sold 8,202 shares of the business's stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $176.82, for a total value of $1,450,277.64. Following the completion of the transaction, the senior vice president now owns 28,743 shares of the company's stock, valued at $5,082,337.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Julia J. Brown sold 10,358 shares of the business's stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $175.00, for a total transaction of $1,812,650.00. Following the completion of the transaction, the executive vice president now directly owns 56,624 shares of the company's stock, valued at approximately $9,909,200. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $198.00 target price on shares of Universal Display in a research report on Friday, May 3rd. Citigroup reissued a "neutral" rating and issued a $180.00 price objective (up previously from $161.00) on shares of Universal Display in a report on Friday, January 19th. Oppenheimer reaffirmed an "outperform" rating and set a $200.00 price target (down previously from $210.00) on shares of Universal Display in a report on Friday, February 23rd. Finally, TD Cowen raised their price target on Universal Display from $165.00 to $210.00 and gave the stock an "outperform" rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $199.86.

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.