Swiss National Bank Sells 1,300 Shares of Universal Display Corporation (NASDAQ:OLED)

Swiss National Bank decreased its position in shares of Universal Display Corporation (NASDAQ:OLED) by 1.5% during the first quarter, Holdings Channel reports. The fund owned 87,400 shares of the semiconductor company’s stock after selling 1,300 shares during the period. Swiss National Bank’s holdings in Universal Display were worth $12,191,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in shares of Universal Display in the fourth quarter worth approximately $29,000. Golden State Wealth Management LLC increased its stake in Universal Display by 4,700.0% in the 1st quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company’s stock worth $33,000 after buying an additional 235 shares in the last quarter. Global X Japan Co. Ltd. purchased a new position in shares of Universal Display in the first quarter worth $49,000. Transce3nd LLC purchased a new position in Universal Display during the 4th quarter valued at approximately $54,000. Finally, HM Payson & Co. increased its holdings in shares of Universal Display by 235.4% in the 1st quarter. HM Payson & Co. now owns 436 shares of the semiconductor company’s stock worth $61,000 after buying an additional 306 shares during the last quarter. Institutional investors own 78.19% of the company’s stock.

Universal Display Trading Down 1.1%

Shares of OLED opened at $143.58 on Friday. The firm has a market cap of $6.82 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 1.55 and a beta of 1.47. Universal Display Corporation has a 12-month low of $103.70 and a 12-month high of $215.90. The company’s 50 day simple moving average is $151.38 and its 200-day simple moving average is $144.61.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.23. Universal Display had a return on equity of 15.82% and a net margin of 36.95%. The company had revenue of $171.79 million during the quarter, compared to analysts’ expectations of $161.58 million. During the same period in the previous year, the firm posted $1.10 earnings per share. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities research analysts forecast 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 will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 16th. Universal Display’s payout ratio is presently 35.16%.

Analyst Ratings Changes

Several equities analysts recently commented on OLED shares. Needham & Company LLC reiterated a “buy” rating and set a $170.00 price target on shares of Universal Display in a report on Friday, May 2nd. Wall Street Zen upgraded Universal Display from a “sell” rating to a “hold” rating in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $190.43.

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.