Universal Display Corporation (NASDAQ:OLED) Shares Purchased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ grew its position in shares of Universal Display Corporation (NASDAQ:OLED) by 515.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 942 shares of the semiconductor company’s stock after purchasing an additional 789 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Universal Display were worth $131,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Orion Capital Management LLC bought a new stake in Universal Display during the fourth quarter worth approximately $29,000. Brown Brothers Harriman & Co. increased its holdings in shares of Universal Display by 280.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 154 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 valued at $33,000 after acquiring an additional 235 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Universal Display during the 4th quarter valued at $40,000. Finally, Global X Japan Co. Ltd. bought a new stake in shares of Universal Display during the 1st quarter worth $49,000. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Stock Down 0.8%

Shares of NASDAQ:OLED opened at $146.45 on Thursday. The company’s fifty day moving average is $152.45 and its two-hundred day moving average is $145.14. The company has a market cap of $6.96 billion, a P/E ratio of 30.45, a price-to-earnings-growth ratio of 1.60 and a beta of 1.51. Universal Display Corporation has a 12-month low of $103.70 and a 12-month high of $225.47.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.28. The business had revenue of $166.28 million for the quarter, compared to the consensus estimate of $154.76 million. Universal Display had a return on equity of 15.35% and a net margin of 35.40%. Universal Display’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 earnings per share. Equities research analysts anticipate that Universal Display Corporation will post 4.71 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on OLED shares. Needham & Company LLC restated a “buy” rating and issued a $170.00 target price on shares of Universal Display in a report on Friday, May 2nd. Wall Street Zen raised Universal Display from a “sell” rating to a “hold” rating in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $190.43.

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.