Vontobel Holding Ltd. Has $34.05 Million Stock Holdings in Universal Display Corporation $OLED

Vontobel Holding Ltd. boosted its holdings in Universal Display Corporation (NASDAQ:OLED) by 36.4% during the second quarter, HoldingsChannel.com reports. The fund owned 220,466 shares of the semiconductor company’s stock after purchasing an additional 58,833 shares during the period. Vontobel Holding Ltd.’s holdings in Universal Display were worth $34,053,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Rise Advisors LLC boosted its holdings in Universal Display by 87.9% during the first quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 87 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of Universal Display by 4,700.0% during 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 during the period. Brooklyn Investment Group raised its stake in Universal Display by 98.5% during the first quarter. Brooklyn Investment Group now owns 270 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 134 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Universal Display by 79.2% during the second quarter. Farther Finance Advisors LLC now owns 276 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 122 shares in the last quarter. Finally, Banque Transatlantique SA acquired a new position in Universal Display during the first quarter worth $45,000. 78.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on OLED shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Universal Display in a report on Wednesday. Zacks Research lowered shares of Universal Display from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.43.

Universal Display Stock Performance

Shares of OLED stock opened at $144.89 on Thursday. The stock’s fifty day moving average is $141.84 and its 200-day moving average is $142.64. The stock has a market capitalization of $6.89 billion, a PE ratio of 28.30, a PEG 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 issued its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $161.58 million. During the same quarter in the prior year, the company earned $1.10 EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. Universal Display has set its FY 2025 guidance at EPS. As a group, analysts forecast that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. Universal Display’s dividend payout ratio (DPR) is currently 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.