WINTON GROUP Ltd Increases Stake in Universal Display Corporation $OLED

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

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new position in Universal Display during the second quarter worth about $195,000. Governors Lane LP purchased a new stake in Universal Display in the 2nd quarter valued at approximately $11,358,000. Allworth Financial LP boosted its holdings in Universal Display by 82.2% in the 2nd quarter. Allworth Financial LP now owns 2,074 shares of the semiconductor company’s stock valued at $180,000 after purchasing an additional 936 shares in the last quarter. Nykredit A S acquired a new position in Universal Display during the 2nd quarter worth approximately $159,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Universal Display during the 2nd quarter worth approximately $3,196,000. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Universal Display Price Performance

Shares of OLED opened at $81.16 on Friday. The firm has a 50 day simple moving average of $83.40 and a 200-day simple moving average of $90.03. Universal Display Corporation has a 1-year low of $76.42 and a 1-year high of $153.38. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 19.65 and a beta of 1.56.

Universal Display (NASDAQ:OLED) last posted its earnings results on Thursday, July 30th. The semiconductor company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.03. The firm had revenue of $152.16 million for the quarter, compared to analyst estimates of $157.54 million. Universal Display had a return on equity of 11.35% and a net margin of 32.24%.Universal Display’s revenue was down 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 EPS. On average, equities analysts expect that Universal Display Corporation will post 4.17 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, September 16th. Universal Display’s payout ratio is 48.43%.

Analyst Ratings Changes

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

Universal Display 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.