MQS Management LLC Purchases Shares of 2,191 Universal Display Corporation $OLED

MQS Management LLC purchased a new stake in Universal Display Corporation (NASDAQ:OLED) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 2,191 shares of the semiconductor company’s stock, valued at approximately $338,000.

Other hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC increased its stake in Universal Display by 87.9% in the first quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 87 shares during the last quarter. Whittier Trust Co. acquired a new stake in shares of Universal Display in the second quarter valued at approximately $30,000. Golden State Wealth Management LLC boosted its holdings in shares of Universal Display by 4,700.0% in the first 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 period. Brooklyn Investment Group boosted its holdings in shares of Universal Display by 98.5% in the first quarter. Brooklyn Investment Group now owns 270 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 134 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Universal Display by 79.2% in the second quarter. Farther Finance Advisors LLC now owns 276 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 122 shares during the period. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Universal Display Price Performance

Shares of NASDAQ OLED opened at $147.01 on Monday. The stock has a fifty day moving average price of $142.95 and a 200 day moving average price of $143.92. Universal Display Corporation has a 1-year low of $103.70 and a 1-year high of $214.57. The company has a market cap of $6.99 billion, a PE ratio of 28.71, a P/E/G ratio of 4.31 and a beta of 1.55.

Universal Display (NASDAQ:OLED) last issued its quarterly 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. Universal Display had a return on equity of 15.82% and a net margin of 36.95%.The firm had revenue of $171.79 million during the quarter, compared to the consensus estimate of $161.58 million. During the same period last year, the company earned $1.10 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. 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 business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. Universal Display’s dividend payout ratio (DPR) is currently 35.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on OLED shares. Weiss Ratings reissued a “hold (c)” rating on shares of Universal Display in a report on Friday. Zacks Research raised Universal Display from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.