2,988 Shares in Universal Display Corporation $OLED Purchased by Williams & Novak LLC

Williams & Novak LLC bought a new position in shares of Universal Display Corporation (NASDAQ:OLED) in the second quarter, Holdings Channel.com reports. The institutional investor bought 2,988 shares of the semiconductor company’s stock, valued at approximately $462,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of OLED. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Universal Display by 73.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,407,846 shares of the semiconductor company’s stock worth $614,806,000 after purchasing an additional 1,871,333 shares during the period. Brown Advisory Inc. acquired a new stake in shares of Universal Display during the first quarter worth about $72,327,000. FengHe Fund Management Pte. Ltd. acquired a new position in Universal Display in the first quarter valued at approximately $41,147,000. Raymond James Financial Inc. lifted its holdings in Universal Display by 64.4% in the first quarter. Raymond James Financial Inc. now owns 466,612 shares of the semiconductor company’s stock valued at $65,083,000 after acquiring an additional 182,730 shares during the period. Finally, Segall Bryant & Hamill LLC lifted its holdings in Universal Display by 134.1% in the first quarter. Segall Bryant & Hamill LLC now owns 213,004 shares of the semiconductor company’s stock valued at $29,710,000 after acquiring an additional 121,998 shares during the period. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Price Performance

Shares of OLED stock opened at $137.40 on Friday. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 4.17 and a beta of 1.55. The stock has a 50 day simple moving average of $141.64 and a 200-day simple moving average of $142.46. Universal Display Corporation has a 1-year low of $103.70 and a 1-year high of $214.57.

Universal Display (NASDAQ:OLED) last announced its earnings results on Thursday, July 31st. The semiconductor company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.23. The business had revenue of $171.79 million during the quarter, compared to the consensus estimate of $161.58 million. Universal Display had a return on equity of 15.82% and a net margin of 36.95%.The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 EPS. Universal Display has set its FY 2025 guidance at EPS. Analysts anticipate that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 16th. Universal Display’s dividend payout ratio is presently 35.16%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on OLED shares. Zacks Research downgraded Universal Display from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Universal Display in a report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $190.43.

About Universal Display

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.