Handelsbanken Fonder AB Has $13.62 Million Stake in Universal Display Corporation $OLED

Handelsbanken Fonder AB increased its stake in shares of Universal Display Corporation (NASDAQ:OLED) by 113.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 116,590 shares of the semiconductor company’s stock after acquiring an additional 61,886 shares during the period. Handelsbanken Fonder AB’s holdings in Universal Display were worth $13,615,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Universal Display by 10.0% in the 3rd quarter. Vanguard Group Inc. now owns 5,069,107 shares of the semiconductor company’s stock valued at $728,076,000 after buying an additional 460,792 shares during the last quarter. Primecap Management Co. CA grew its holdings in Universal Display by 1.9% in the 3rd quarter. Primecap Management Co. CA now owns 2,258,378 shares of the semiconductor company’s stock valued at $324,371,000 after buying an additional 43,070 shares during the last quarter. Greenhouse Funds LLLP grew its holdings in Universal Display by 12.6% in the 3rd quarter. Greenhouse Funds LLLP now owns 725,278 shares of the semiconductor company’s stock valued at $104,172,000 after buying an additional 81,132 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Universal Display by 2.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 685,707 shares of the semiconductor company’s stock valued at $98,490,000 after buying an additional 19,017 shares during the last quarter. Finally, UBS Group AG grew its holdings in Universal Display by 100.8% in the 4th quarter. UBS Group AG now owns 646,787 shares of the semiconductor company’s stock valued at $75,532,000 after buying an additional 324,677 shares during the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on OLED. The Goldman Sachs Group set a $135.00 target price on Universal Display in a report on Tuesday, April 21st. Needham & Company LLC lowered their target price on Universal Display from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Wall Street Zen raised Universal Display from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Universal Display in a report on Monday, March 23rd. Finally, Oppenheimer lowered their target price on Universal Display from $160.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Universal Display has an average rating of “Hold” and a consensus price target of $130.60.

Universal Display Trading Up 1.0%

Shares of NASDAQ:OLED opened at $91.57 on Friday. Universal Display Corporation has a 1-year low of $83.64 and a 1-year high of $163.21. The firm has a market capitalization of $4.28 billion, a PE ratio of 20.44 and a beta of 1.54. The business’s 50 day moving average is $93.97 and its 200-day moving average is $109.60.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.37). Universal Display had a return on equity of 12.34% and a net margin of 34.08%.The firm had revenue of $142.21 million for the quarter, compared to analyst estimates of $161.23 million. During the same period in the previous year, the business posted $1.35 EPS. Universal Display’s revenue for the quarter was down 14.5% compared to the same quarter last year. On average, sell-side analysts predict that Universal Display Corporation will post 4.4 EPS for the current year.

Universal Display Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, June 16th. Universal Display’s dividend payout ratio (DPR) is presently 44.64%.

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.