Vontobel Holding Ltd. Acquires 58,833 Shares of Universal Display Corporation $OLED

Vontobel Holding Ltd. boosted its holdings in shares of Universal Display Corporation (NASDAQ:OLED) by 36.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 220,466 shares of the semiconductor company’s stock after buying an additional 58,833 shares during the quarter. Vontobel Holding Ltd. owned about 0.46% of Universal Display worth $34,053,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Universal Display by 73.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,407,846 shares of the semiconductor company’s stock worth $614,806,000 after acquiring an additional 1,871,333 shares in the last quarter. Brown Advisory Inc. acquired a new stake in Universal Display in the 1st quarter worth approximately $72,327,000. FengHe Fund Management Pte. Ltd. bought a new position in shares of Universal Display in the first quarter valued at approximately $41,147,000. Raymond James Financial Inc. raised its position in shares of Universal Display by 64.4% in the first quarter. Raymond James Financial Inc. now owns 466,612 shares of the semiconductor company’s stock valued at $65,083,000 after purchasing an additional 182,730 shares during the period. Finally, Segall Bryant & Hamill LLC raised its position in shares of Universal Display by 134.1% in the first quarter. Segall Bryant & Hamill LLC now owns 213,004 shares of the semiconductor company’s stock valued at $29,710,000 after purchasing an additional 121,998 shares during the period. 78.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on OLED. Zacks Research lowered shares of Universal Display from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Universal Display in a research report on Wednesday. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Universal Display has an average rating of “Moderate Buy” and an average price target of $190.43.

Universal Display Stock Performance

Shares of OLED opened at $144.89 on Thursday. The company has a 50-day simple moving average of $141.84 and a 200-day simple moving average of $142.64. The firm has a market capitalization of $6.89 billion, a P/E ratio of 28.30, a P/E/G ratio of 4.12 and a beta of 1.55. Universal Display Corporation has a 52 week low of $103.70 and a 52 week high of $214.57.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.23. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The business had revenue of $171.79 million during the quarter, compared to analyst estimates of $161.58 million. During the same quarter in the prior year, the business earned $1.10 earnings per share. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. Universal Display has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Universal Display Corporation will post 4.71 earnings per share for the current year.

Universal Display Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 16th. Universal Display’s dividend payout ratio (DPR) is presently 35.16%.

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.