Bank of Montreal Can Boosts Holdings in Universal Display Corporation $OLED

Bank of Montreal Can raised its position in shares of Universal Display Corporation (NASDAQ:OLED) by 6.8% during the second quarter, HoldingsChannel reports. The fund owned 9,294 shares of the semiconductor company’s stock after acquiring an additional 594 shares during the quarter. Bank of Montreal Can’s holdings in Universal Display were worth $1,436,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in OLED. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Universal Display by 73.8% during the 1st 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. Primecap Management Co. CA boosted its position in shares of Universal Display by 2.1% during the first quarter. Primecap Management Co. CA now owns 1,835,722 shares of the semiconductor company’s stock valued at $256,047,000 after buying an additional 38,590 shares during the period. Raymond James Financial Inc. boosted its position in shares of Universal Display by 64.4% during the first quarter. Raymond James Financial Inc. now owns 466,612 shares of the semiconductor company’s stock valued at $65,083,000 after buying an additional 182,730 shares during the period. Copeland Capital Management LLC grew its stake in shares of Universal Display by 15.0% during the second quarter. Copeland Capital Management LLC now owns 457,396 shares of the semiconductor company’s stock valued at $70,650,000 after buying an additional 59,640 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Universal Display by 5.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 358,612 shares of the semiconductor company’s stock worth $50,019,000 after buying an additional 17,593 shares during the period. Institutional investors own 78.19% of the company’s stock.

Universal Display Stock Down 3.2%

OLED opened at $117.05 on Friday. The stock’s fifty day moving average is $141.71 and its two-hundred day moving average is $145.66. The company has a market capitalization of $5.56 billion, a P/E ratio of 22.86, a PEG ratio of 4.38 and a beta of 1.60. Universal Display Corporation has a 52 week low of $103.70 and a 52 week high of $173.45.

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

Universal Display Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.5%. The ex-dividend date is Wednesday, December 17th. Universal Display’s dividend payout ratio is presently 38.79%.

Wall Street Analysts Forecast Growth

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

Universal Display Company 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.