Slow Capital Inc. Reduces Stake in Universal Display Co. (NASDAQ:OLED)

Slow Capital Inc. lowered its stake in Universal Display Co. (NASDAQ:OLED) by 0.3% in the 4th quarter, HoldingsChannel reports. The fund owned 22,247 shares of the semiconductor company’s stock after selling 70 shares during the period. Slow Capital Inc.’s holdings in Universal Display were worth $4,255,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. US Bancorp DE lifted its stake in Universal Display by 44.7% in the first quarter. US Bancorp DE now owns 2,947 shares of the semiconductor company’s stock worth $492,000 after purchasing an additional 911 shares during the last quarter. HighTower Advisors LLC lifted its stake in Universal Display by 2.0% in the first quarter. HighTower Advisors LLC now owns 9,647 shares of the semiconductor company’s stock worth $1,610,000 after purchasing an additional 189 shares during the last quarter. BlackRock Inc. lifted its stake in Universal Display by 2.8% in the first quarter. BlackRock Inc. now owns 4,309,400 shares of the semiconductor company’s stock worth $719,455,000 after purchasing an additional 117,055 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in Universal Display by 8.4% in the first quarter. Great West Life Assurance Co. Can now owns 24,038 shares of the semiconductor company’s stock worth $4,121,000 after purchasing an additional 1,860 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its stake in Universal Display by 1.1% in the first quarter. Yousif Capital Management LLC now owns 22,569 shares of the semiconductor company’s stock worth $3,768,000 after purchasing an additional 239 shares during the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Universal Display Price Performance

NASDAQ OLED traded down $1.99 on Wednesday, hitting $152.04. The stock had a trading volume of 81,012 shares, compared to its average volume of 281,043. The business’s fifty day moving average price is $169.90 and its 200 day moving average price is $169.41. Universal Display Co. has a 52-week low of $125.98 and a 52-week high of $194.84. The stock has a market cap of $7.20 billion, a price-to-earnings ratio of 36.33, a price-to-earnings-growth ratio of 1.74 and a beta of 1.45.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, February 22nd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.11. Universal Display had a net margin of 35.22% and a return on equity of 14.85%. The business had revenue of $158.32 million for the quarter, compared to analyst estimates of $161.08 million. During the same period in the previous year, the company earned $1.36 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Universal Display Co. will post 4.72 EPS for the current year.

Universal Display Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.40 dividend. This is a positive change from Universal Display’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Thursday, March 14th. Universal Display’s payout ratio is currently 37.74%.

Analyst Ratings Changes

OLED has been the subject of several analyst reports. Oppenheimer reissued an “outperform” rating and issued a $200.00 price objective (down previously from $210.00) on shares of Universal Display in a research note on Friday, February 23rd. TheStreet raised shares of Universal Display from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $198.00 price target on shares of Universal Display in a research note on Tuesday, March 26th. TD Cowen lifted their price target on shares of Universal Display from $165.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Finally, Citigroup reissued a “neutral” rating and issued a $180.00 price objective (up previously from $161.00) on shares of Universal Display in a research note on Friday, January 19th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $199.86.

Universal Display Profile

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.