CW Advisors LLC Buys New Position in Universal Display Corporation $OLED

Key Points

• CW Advisors LLC has acquired 9,231 shares of Universal Display Corporation, valued at approximately $1,289,000, during the first quarter of the year.
• Universal Display recently reported quarterly earnings of $1.41 per share, exceeding the expected $1.18, and had revenue of $171.79 million, which was also above analyst predictions.
• The company declared a quarterly dividend of $0.45 per share, translating to an annualized yield of 1.3%, payable on September 30th.

CW Advisors LLC purchased a new stake in Universal Display Corporation (NASDAQ:OLED - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund purchased 9,231 shares of the semiconductor company's stock, valued at approximately $1,289,000.

Other institutional investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in Universal Display by 2.8% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,536,513 shares of the semiconductor company's stock valued at $370,838,000 after purchasing an additional 69,043 shares during the period. Primecap Management Co. CA boosted its position in Universal Display by 2.1% during the 1st quarter. Primecap Management Co. CA now owns 1,835,722 shares of the semiconductor company's stock valued at $256,047,000 after purchasing an additional 38,590 shares during the period. Janus Henderson Group PLC boosted its position in Universal Display by 41.5% during the 4th quarter. Janus Henderson Group PLC now owns 551,673 shares of the semiconductor company's stock valued at $80,674,000 after purchasing an additional 161,782 shares during the period. Brown Advisory Inc. acquired a new position in Universal Display during the 1st quarter valued at approximately $72,327,000. Finally, Dimensional Fund Advisors LP boosted its position in Universal Display by 11.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 499,089 shares of the semiconductor company's stock valued at $72,971,000 after purchasing an additional 53,146 shares during the period. 78.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OLED has been the subject of a number of analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $170.00 price target on shares of Universal Display in a research report on Friday, May 2nd. Wall Street Zen upgraded Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, Zacks Research lowered Universal Display from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $190.43.

Universal Display Trading Down 1.9%

Shares of Universal Display stock traded down $2.63 on Friday, reaching $138.59. 446,661 shares of the company were exchanged, compared to its average volume of 537,144. The stock has a fifty day moving average price of $148.37 and a 200-day moving average price of $144.32. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 4.14 and a beta of 1.47. Universal Display Corporation has a fifty-two week low of $103.70 and a fifty-two week high of $215.90.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its earnings results on Thursday, July 31st. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.18 by $0.23. The company had revenue of $171.79 million for the quarter, compared to analyst estimates of $161.58 million. Universal Display had a return on equity of 15.82% and a net margin of 36.95%.Universal Display's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.10 earnings per share. Universal Display has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. Universal Display's payout ratio is 35.16%.

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.