CW Advisors LLC Acquires Shares of 9,231 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 acquired a new stake in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,231 shares of the semiconductor company's stock, valued at approximately $1,289,000.

Other institutional investors have also modified their holdings of the company. Orion Capital Management LLC bought a new stake in shares of Universal Display during the 4th quarter valued at about $29,000. Golden State Wealth Management LLC grew its position in shares of Universal Display by 4,700.0% during the 1st quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company's stock valued at $33,000 after buying an additional 235 shares during the last quarter. Brooklyn Investment Group grew its position in shares of Universal Display by 98.5% during the 1st quarter. Brooklyn Investment Group now owns 270 shares of the semiconductor company's stock valued at $38,000 after buying an additional 134 shares during the last quarter. Global X Japan Co. Ltd. bought a new stake in shares of Universal Display during the 1st quarter valued at about $49,000. Finally, Summit Securities Group LLC bought a new stake in shares of Universal Display during the 1st quarter valued at about $57,000. Institutional investors own 78.19% of the company's stock.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Universal Display from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Universal Display presently has an average rating of "Moderate Buy" and a consensus price target of $190.43.

Universal Display Trading Down 1.9%

Shares of NASDAQ OLED traded down $2.63 during midday trading on Friday, reaching $138.59. The company's stock had a trading volume of 446,661 shares, compared to its average volume of 503,502. Universal Display Corporation has a one year low of $103.70 and a one year high of $215.90. The company has a 50 day moving average price of $148.37 and a 200 day moving average price of $144.34. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 4.07 and a beta of 1.50.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.18 by $0.23. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The business had revenue of $171.79 million for the quarter, compared to analyst estimates of $161.58 million. During the same quarter in the previous year, the business earned $1.10 earnings per share. The firm's revenue was up 8.4% compared to the same quarter last year. Universal Display has set its FY 2025 guidance at EPS. Research 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. Universal Display's payout ratio is currently 35.16%.

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.