Universal Beteiligungs und Servicegesellschaft mbH Buys 4,534 Shares of Universal Display Corporation $OLED

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Universal Display Corporation (NASDAQ:OLED) by 110.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,651 shares of the semiconductor company’s stock after acquiring an additional 4,534 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Universal Display were worth $1,243,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Whittier Trust Co. bought a new position in Universal Display during the 2nd quarter valued at about $30,000. Parkside Financial Bank & Trust increased its holdings in shares of Universal Display by 236.7% during the second quarter. Parkside Financial Bank & Trust now owns 202 shares of the semiconductor company’s stock worth $31,000 after buying an additional 142 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Universal Display during the second quarter worth approximately $39,000. Farther Finance Advisors LLC raised its stake in shares of 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 acquiring an additional 122 shares during the last quarter. Finally, Rise Advisors LLC boosted its holdings in shares of Universal Display by 53.3% in the 3rd quarter. Rise Advisors LLC now owns 299 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 104 shares in the last quarter. 78.19% of the stock is owned by institutional investors.

Universal Display Trading Down 1.9%

Shares of NASDAQ OLED opened at $114.82 on Friday. Universal Display Corporation has a 1 year low of $103.70 and a 1 year high of $164.29. The firm’s 50-day moving average is $119.46 and its 200-day moving average is $133.26. The firm has a market capitalization of $5.46 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 3.29 and a beta of 1.62.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.27). Universal Display had a net margin of 34.65% and a return on equity of 14.10%. The business had revenue of $139.61 million during the quarter, compared to analyst estimates of $165.56 million. During the same quarter in the prior year, the company earned $1.40 earnings per share. The company’s quarterly revenue was down 13.6% on a year-over-year basis. As a group, equities research analysts anticipate that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Wednesday, December 17th. Universal Display’s dividend payout ratio (DPR) is currently 38.79%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on OLED shares. Wall Street Zen raised Universal Display from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Needham & Company LLC restated a “buy” rating and set a $150.00 target price on shares of Universal Display in a report on Monday, December 22nd. Zacks Research cut Universal Display from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Citigroup reduced their price target on shares of Universal Display from $150.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 27th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Universal Display in a research report on Wednesday, December 24th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $171.20.

Universal Display Company 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.