QRG Capital Management Inc. Invests $225,000 in Universal Display Corporation $OLED

QRG Capital Management Inc. acquired a new position in shares of Universal Display Corporation (NASDAQ:OLED) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,454 shares of the semiconductor company’s stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Copeland Capital Management LLC lifted its position in Universal Display by 15.0% in the 2nd quarter. Copeland Capital Management LLC now owns 457,396 shares of the semiconductor company’s stock worth $70,650,000 after buying an additional 59,640 shares during the last quarter. Lecap Asset Management Ltd. bought a new position in shares of Universal Display during the second quarter valued at approximately $1,082,000. Impact Capital Partners LLC raised its holdings in shares of Universal Display by 1.4% during the second quarter. Impact Capital Partners LLC now owns 4,823 shares of the semiconductor company’s stock valued at $745,000 after acquiring an additional 67 shares in the last quarter. Columbia Asset Management bought a new position in Universal Display in the second quarter worth $202,000. Finally, Truist Financial Corp raised its holdings in Universal Display by 0.5% in the second quarter. Truist Financial Corp now owns 40,882 shares of the semiconductor company’s stock worth $6,315,000 after purchasing an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Universal Display in a report on Wednesday, October 8th. Zacks Research cut Universal Display from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Universal Display presently has an average rating of “Moderate Buy” and an average price target of $190.43.

Universal Display Price Performance

Universal Display stock opened at $137.40 on Monday. Universal Display Corporation has a one year low of $103.70 and a one year high of $214.57. The stock has a market capitalization of $6.53 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 4.03 and a beta of 1.55. The business’s fifty day moving average is $141.64 and its 200 day moving average is $142.34.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.18 by $0.23. Universal Display had a return on equity of 15.82% and a net margin of 36.95%.The company had revenue of $171.79 million for the quarter, compared to analysts’ expectations of $161.58 million. During the same period last year, the firm posted $1.10 earnings per share. Universal Display’s revenue was up 8.4% compared to the same quarter last year. Universal Display has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Dividend Announcement

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

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.