227,402,433 Shares in Universal Display Corporation $OLED Acquired by XXEC Inc.

Key Points

• XXEC Inc. reported acquiring 227.4 million Universal Display shares valued at approximately $2.51 billion, while institutional investors collectively owned 78.19% of the company’s stock.
• Analyst sentiment remains mixed: Universal Display has a consensus “Hold” rating and an average price target of $116.33, with several firms recently lowering targets and earnings estimates.
• The company exceeded quarterly EPS expectations with $1.06 versus $1.03 forecast, but revenue fell 11.4% year over year to $152.16 million. Universal Display also declared a quarterly dividend of $0.50 per share, representing a 2.3% yield.

XXEC Inc. purchased a new position in Universal Display Corporation (NASDAQ:OLED - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 227,402,433 shares of the semiconductor company's stock, valued at approximately $2,508,286,000. Universal Display makes up approximately 1.3% of XXEC Inc.'s portfolio, making the stock its 6th largest position. XXEC Inc. owned 494.68% of Universal Display as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Universal Display during the second quarter worth approximately $373,931,000. Norges Bank acquired a new stake in Universal Display in the 4th quarter valued at $92,756,000. JPMorgan Chase & Co. grew its position in Universal Display by 86.4% in the 4th quarter. JPMorgan Chase & Co. now owns 880,678 shares of the semiconductor company's stock valued at $102,846,000 after purchasing an additional 408,315 shares during the period. Analog Century Management LP bought a new stake in Universal Display during the 4th quarter valued at $46,914,000. Finally, UBS Group AG increased its stake in Universal Display by 100.8% during the 4th quarter. UBS Group AG now owns 646,787 shares of the semiconductor company's stock valued at $75,532,000 after purchasing an additional 324,677 shares in the last quarter. Institutional investors own 78.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on OLED shares. Roth Capital set a $168.00 price objective on shares of Universal Display in a report on Friday, May 1st. Needham & Company LLC decreased their target price on shares of Universal Display from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, July 31st. BTIG Research lowered shares of Universal Display to a "neutral" rating in a report on Friday, July 31st. Weiss Ratings lowered shares of Universal Display from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, July 28th. Finally, Citigroup dropped their price target on shares of Universal Display from $100.00 to $85.00 and set a "neutral" rating on the stock in a research report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $116.33.

Universal Display Price Performance

OLED opened at $85.84 on Friday. The company's 50-day moving average is $84.40 and its 200 day moving average is $93.90. Universal Display Corporation has a fifty-two week low of $76.42 and a fifty-two week high of $153.38. The firm has a market capitalization of $3.95 billion, a P/E ratio of 20.78 and a beta of 1.54.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.03. Universal Display had a net margin of 32.24% and a return on equity of 11.35%. The business had revenue of $152.16 million for the quarter, compared to analysts' expectations of $157.54 million. During the same period in the previous year, the company earned $1.41 earnings per share. The firm's revenue for the quarter was down 11.4% compared to the same quarter last year. On average, equities research analysts expect that Universal Display Corporation will post 4.17 earnings per share for the current year.

Universal Display Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, September 16th. Universal Display's dividend payout ratio (DPR) is presently 48.43%.

Key Headlines Impacting Universal Display

Here are the key news stories impacting Universal Display this week:

• Positive Sentiment: Zacks raised its Q3 2026 EPS forecast to $1.13 from $1.10, indicating slightly improved expectations for the upcoming quarter. Universal Display stock information
• Neutral Sentiment: Zacks reiterated a Hold rating on Universal Display. Its current full-year EPS estimate of approximately $4.17 remains broadly consistent with the wider analyst consensus.
• Negative Sentiment: The firm reduced its FY2026 EPS forecast to $4.13 from $4.15 and cut estimates for Q4 2026 to $1.19 from $1.25, pointing to softer near-term earnings expectations.
• Negative Sentiment: Forecasts for FY2027 were lowered to $4.81 from $4.92, with Q1 2027 EPS reduced to $0.96 from $1.03 and Q2 2027 EPS cut to $1.12 from $1.22.
• Negative Sentiment: Zacks also lowered its Q2 2028 EPS estimate to $1.11 from $1.34 and FY2028 EPS to $5.19 from $5.65. These longer-term reductions may weigh on the stock because they imply slower anticipated earnings growth.
• Positive Sentiment: One additional revision was favorable: Q4 2027 EPS was raised to $1.36 from $1.30. However, this improvement was outweighed by the broader pattern of estimate cuts.

About Universal Display

Universal Display Corporation NASDAQ: OLED is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display's core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.

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