Jump Financial LLC Acquires Shares of 9,384 Universal Display Corporation $OLED

Key Points

• Jump Financial LLC acquired 9,384 shares of Universal Display Corporation (NASDAQ: OLED) during the first quarter, valued at approximately $1,309,000.
• The company reported $1.41 earnings per share (EPS) for the latest quarter, exceeding analyst expectations, with revenues of $171.79 million.
• Universal Display announced a quarterly dividend of $0.45 per share, with a payout ratio of 35.16%, to be paid on September 30th.

Jump Financial LLC purchased a new stake in Universal Display Corporation (NASDAQ:OLED - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 9,384 shares of the semiconductor company's stock, valued at approximately $1,309,000.

Several other hedge funds have also modified their holdings of the business. Prudential PLC lifted its holdings in shares of Universal Display by 2.1% in the 1st quarter. Prudential PLC now owns 4,109 shares of the semiconductor company's stock valued at $573,000 after buying an additional 83 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Universal Display by 3.8% in the 1st quarter. Bessemer Group Inc. now owns 2,603 shares of the semiconductor company's stock valued at $363,000 after buying an additional 95 shares during the period. Linden Thomas Advisory Services LLC lifted its holdings in shares of Universal Display by 0.8% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 12,319 shares of the semiconductor company's stock valued at $1,718,000 after buying an additional 96 shares during the period. Utah Retirement Systems raised its holdings in Universal Display by 1.3% during the fourth quarter. Utah Retirement Systems now owns 7,820 shares of the semiconductor company's stock worth $1,143,000 after purchasing an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in Universal Display by 0.8% during the first quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the semiconductor company's stock worth $1,730,000 after purchasing an additional 100 shares during the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Universal Display Stock Down 0.2%

Shares of NASDAQ OLED traded down $0.25 on Wednesday, hitting $138.10. The company had a trading volume of 40,103 shares, compared to its average volume of 645,903. Universal Display Corporation has a 12-month low of $103.70 and a 12-month high of $215.90. The business has a 50 day moving average of $147.75 and a two-hundred day moving average of $144.27. The firm has a market capitalization of $6.56 billion, a P/E ratio of 26.95, a PEG ratio of 4.07 and a beta of 1.50.

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