Swiss National Bank Buys 700 Shares of Universal Display Co. (NASDAQ:OLED)

Swiss National Bank boosted its stake in Universal Display Co. (NASDAQ:OLED) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,700 shares of the semiconductor company’s stock after purchasing an additional 700 shares during the quarter. Swiss National Bank owned approximately 0.19% of Universal Display worth $12,968,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Assetmark Inc. bought a new position in shares of Universal Display in the third quarter valued at approximately $29,000. Brooklyn Investment Group purchased a new stake in Universal Display in the 3rd quarter worth approximately $30,000. True Wealth Design LLC bought a new position in Universal Display in the 3rd quarter valued at $36,000. Blue Trust Inc. grew its position in shares of Universal Display by 401.9% during the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 209 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Universal Display by 761.1% in the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 274 shares during the period. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Analysts Set New Price Targets

OLED has been the subject of several research analyst reports. Oppenheimer dropped their price objective on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, January 2nd. Citigroup dropped their price target on Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Susquehanna decreased their price objective on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Roth Mkm lifted their target price on shares of Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Needham & Company LLC decreased their price target on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.43.

Universal Display Stock Performance

Shares of OLED opened at $154.36 on Thursday. Universal Display Co. has a fifty-two week low of $140.17 and a fifty-two week high of $237.00. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 1.61 and a beta of 1.40. The firm has a 50 day moving average price of $149.09 and a 200-day moving average price of $169.93.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.14. The business had revenue of $162.29 million during the quarter, compared to analyst estimates of $152.75 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. As a group, equities research analysts predict that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.45 dividend. This is a boost from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Monday, March 17th. Universal Display’s payout ratio is 38.71%.

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.