WINTON GROUP Ltd Grows Holdings in Universal Display Corporation $OLED

WINTON GROUP Ltd lifted its stake in Universal Display Corporation (NASDAQ:OLED) by 381.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 62,919 shares of the semiconductor company’s stock after acquiring an additional 49,844 shares during the quarter. WINTON GROUP Ltd owned 0.14% of Universal Display worth $5,448,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. XXEC Inc. acquired a new position in Universal Display during the second quarter worth $2,508,286,000. California State Teachers Retirement System increased its stake in shares of Universal Display by 8,176.2% during the second quarter. California State Teachers Retirement System now owns 4,339,198 shares of the semiconductor company’s stock worth $375,731,000 after buying an additional 4,286,768 shares during the period. BlackRock Inc. purchased a new stake in shares of Universal Display in the 2nd quarter valued at approximately $373,931,000. Primecap Management Co. CA purchased a new position in Universal Display in the second quarter valued at $190,136,000. Finally, State Street Corp increased its holdings in shares of Universal Display by 4.3% in the 4th quarter. State Street Corp now owns 1,694,779 shares of the semiconductor company’s stock valued at $197,916,000 after acquiring an additional 69,163 shares during the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OLED. Citigroup cut their price target on shares of Universal Display from $100.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. BTIG Research lowered Universal Display to a “neutral” rating in a report on Friday, July 31st. Zacks Research upgraded Universal Display from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 13th. Susquehanna dropped their price target on Universal Display from $110.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Finally, Needham & Company LLC reduced their price objective on Universal Display from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $116.33.

Universal Display Stock Performance

NASDAQ OLED opened at $81.16 on Friday. The firm’s fifty day moving average is $83.40 and its two-hundred day moving average is $90.03. Universal Display Corporation has a one year low of $76.42 and a one year high of $153.38. The firm has a market cap of $3.73 billion, a PE ratio of 19.65 and a beta of 1.56.

Universal Display (NASDAQ:OLED) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.03. Universal Display had a net margin of 32.24% and a return on equity of 11.35%. The business had revenue of $152.16 million during the quarter, compared to the consensus estimate of $157.54 million. During the same quarter in the prior year, the firm earned $1.41 earnings per share. The business’s quarterly revenue was down 11.4% compared to the same quarter last year. Research analysts predict that Universal Display Corporation will post 4.17 earnings per share for the current year.

Universal Display Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, September 16th. Universal Display’s dividend payout ratio (DPR) is presently 48.43%.

Universal Display Company Profile

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.