Robeco Schweiz AG Acquires 7,300 Shares of Universal Display Corporation $OLED

Robeco Schweiz AG raised its stake in Universal Display Corporation (NASDAQ:OLED) by 22.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,300 shares of the semiconductor company’s stock after acquiring an additional 7,300 shares during the quarter. Robeco Schweiz AG owned approximately 0.08% of Universal Display worth $5,788,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OLED. Whittier Trust Co. bought a new position in shares of Universal Display in the 2nd quarter valued at $30,000. Parkside Financial Bank & Trust increased its position in Universal Display by 236.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 202 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 142 shares during the period. Atlantic Union Bankshares Corp acquired a new position in shares of Universal Display during the second quarter worth $39,000. Farther Finance Advisors LLC increased its holdings in Universal Display by 79.2% in the second quarter. Farther Finance Advisors LLC now owns 276 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 122 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in Universal Display by 161.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 296 shares of the semiconductor company’s stock worth $46,000 after buying an additional 183 shares during the period. Institutional investors own 78.19% of the company’s stock.

Wall Street Analysts Forecast Growth

OLED has been the topic of a number of recent analyst reports. Zacks Research lowered Universal Display from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Needham & Company LLC restated a “buy” rating and issued a $150.00 price target on shares of Universal Display in a research report on Monday, December 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Universal Display in a research report on Wednesday, December 24th. Finally, Wall Street Zen downgraded shares of Universal Display from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $177.60.

Universal Display Stock Down 1.3%

Universal Display stock opened at $124.29 on Wednesday. The company has a market capitalization of $5.91 billion, a PE ratio of 26.79, a PEG ratio of 3.54 and a beta of 1.62. The firm’s fifty day moving average is $120.02 and its 200 day moving average is $136.66. Universal Display Corporation has a 12-month low of $103.70 and a 12-month high of $164.29.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.27). Universal Display had a return on equity of 14.10% and a net margin of 34.65%.The company had revenue of $139.61 million for the quarter, compared to the consensus estimate of $165.56 million. During the same period last year, the company earned $1.40 EPS. Universal Display’s revenue for the quarter was down 13.6% compared to the same quarter last year. Sell-side analysts expect that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Wednesday, December 17th. Universal Display’s dividend payout ratio (DPR) is currently 38.79%.

Universal Display Profile

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.