Slow Capital Inc. Has $4.90 Million Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Slow Capital Inc. grew its position in Universal Display Co. (NASDAQ:OLED) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,351 shares of the semiconductor company’s stock after purchasing an additional 1,053 shares during the period. Slow Capital Inc.’s holdings in Universal Display were worth $4,901,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in shares of Universal Display during the third quarter worth $31,000. Cardinal Capital Management raised its holdings in shares of Universal Display by 7.6% during the third quarter. Cardinal Capital Management now owns 9,237 shares of the semiconductor company’s stock worth $1,939,000 after acquiring an additional 649 shares during the period. Heritage Family Offices LLP acquired a new stake in shares of Universal Display during the third quarter worth $408,000. Vontobel Holding Ltd. raised its holdings in shares of Universal Display by 1.8% during the third quarter. Vontobel Holding Ltd. now owns 167,347 shares of the semiconductor company’s stock worth $35,126,000 after acquiring an additional 2,885 shares during the period. Finally, Swedbank AB raised its holdings in shares of Universal Display by 14.9% during the third quarter. Swedbank AB now owns 5,364 shares of the semiconductor company’s stock worth $1,126,000 after acquiring an additional 696 shares during the period. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on OLED shares. TD Cowen raised their price objective on shares of Universal Display from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC lifted their price target on shares of Universal Display from $198.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. The Goldman Sachs Group lifted their price target on shares of Universal Display from $208.00 to $243.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Roth Mkm lifted their price target on shares of Universal Display from $189.00 to $217.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Susquehanna lifted their price target on shares of Universal Display from $170.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $225.88.

Universal Display Price Performance

Shares of OLED opened at $204.23 on Friday. The firm has a 50-day moving average of $198.71 and a 200-day moving average of $191.43. Universal Display Co. has a one year low of $133.67 and a one year high of $237.00. The company has a market cap of $9.69 billion, a PE ratio of 43.83, a price-to-earnings-growth ratio of 2.20 and a beta of 1.42.

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

Universal Display Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Monday, September 16th. Universal Display’s payout ratio is 34.33%.

Universal Display Company 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.