KBC Group NV Decreases Stock Holdings in Universal Display Corporation $OLED

KBC Group NV lowered its stake in shares of Universal Display Corporation (NASDAQ:OLED) by 36.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,190 shares of the semiconductor company’s stock after selling 686 shares during the quarter. KBC Group NV’s holdings in Universal Display were worth $184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Cerity Partners LLC boosted its holdings in shares of Universal Display by 47.6% in the 1st quarter. Cerity Partners LLC now owns 6,401 shares of the semiconductor company’s stock valued at $893,000 after buying an additional 2,064 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in shares of Universal Display in the 1st quarter valued at about $279,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Universal Display in the first quarter worth about $615,000. KLP Kapitalforvaltning AS grew its holdings in Universal Display by 1.1% during the first quarter. KLP Kapitalforvaltning AS now owns 9,300 shares of the semiconductor company’s stock worth $1,297,000 after acquiring an additional 100 shares during the period. Finally, Oak Thistle LLC raised its position in Universal Display by 84.8% during the first quarter. Oak Thistle LLC now owns 19,203 shares of the semiconductor company’s stock valued at $2,678,000 after acquiring an additional 8,813 shares in the last quarter. 78.19% of the stock is currently owned by institutional investors.

Universal Display Stock Down 0.8%

Shares of NASDAQ OLED opened at $110.78 on Thursday. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 4.38 and a beta of 1.60. The company’s 50-day simple moving average is $139.40 and its 200-day simple moving average is $145.21. Universal Display Corporation has a 52-week low of $103.70 and a 52-week high of $173.45.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.27). Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The company had revenue of $139.61 million during the quarter, compared to analysts’ expectations of $165.56 million. During the same period in the prior year, the business posted $1.40 earnings per share. The company’s quarterly revenue was down 13.6% compared to the same quarter last year. Universal Display has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Wednesday, December 17th. Universal Display’s payout ratio is presently 38.79%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Zacks Research upgraded shares of Universal Display from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 21st. Weiss Ratings restated a “hold (c)” rating on shares of Universal Display in a research note on Wednesday, October 8th. Finally, Needham & Company LLC lowered their price target on Universal Display from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $181.33.

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.