Robeco Schweiz AG Has $2.90 Million Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Robeco Schweiz AG cut its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 91.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,800 shares of the semiconductor company’s stock after selling 143,800 shares during the period. Robeco Schweiz AG’s holdings in Universal Display were worth $2,901,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. ORG Partners LLC acquired a new position in shares of Universal Display in the 1st quarter valued at $27,000. Principal Securities Inc. bought a new stake in shares of Universal Display in the fourth quarter valued at about $34,000. Tsfg LLC acquired a new position in Universal Display during the 1st quarter worth approximately $34,000. University of Texas Texas AM Investment Managment Co. acquired a new position in Universal Display during the fourth quarter worth $35,000. Finally, Cape Investment Advisory Inc. boosted its stake in shares of Universal Display by 1,977.8% during the 4th quarter. Cape Investment Advisory Inc. now owns 187 shares of the semiconductor company’s stock worth $36,000 after buying an additional 178 shares during the last quarter. Institutional investors own 78.19% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. TD Cowen upped their price objective on Universal Display from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Roth Mkm raised their target price on shares of Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Needham & Company LLC raised their price objective on shares of Universal Display from $198.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Oppenheimer boosted their price objective on Universal Display from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, July 3rd. Finally, Susquehanna boosted their price target on Universal Display from $170.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Universal Display has a consensus rating of “Moderate Buy” and an average target price of $225.88.

Universal Display Stock Up 0.2 %

OLED stock opened at $203.03 on Friday. Universal Display Co. has a 52 week low of $133.67 and a 52 week high of $237.00. The business has a 50-day simple moving average of $200.35 and a 200 day simple moving average of $184.15. The company has a market cap of $9.63 billion, a PE ratio of 44.14, a price-to-earnings-growth ratio of 2.16 and a beta of 1.41.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.04). Universal Display had a return on equity of 15.25% and a net margin of 35.74%. The firm had revenue of $158.50 million for the quarter, compared to analyst estimates of $159.46 million. During the same quarter in the prior year, the business posted $1.04 EPS. The business’s revenue was up 8.1% on a year-over-year basis. On average, analysts anticipate that Universal Display Co. will post 4.81 EPS for the current fiscal year.

Universal Display Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Monday, September 16th. Universal Display’s dividend payout ratio is presently 34.78%.

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.