AlphaQuest LLC Has $165,000 Stock Position in Universal Display Corporation $OLED

Key Points

• AlphaQuest LLC reduced its holdings in Universal Display Corporation by 76.8% in the first quarter, selling 3,897 shares and retaining only 1,180 shares valued at approximately $165,000.
• Several institutional investors, including Brown Advisory Inc. and Point72 Asset Management, have increased their stakes in Universal Display, indicating strong interest in the stock despite AlphaQuest's sell-off.
• Universal Display reported earnings of $1.41 EPS for the quarter, exceeding expectations and showing an 8.4% year-over-year revenue increase, with a quarterly dividend of $0.45 announced for shareholders.

AlphaQuest LLC lessened its stake in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 76.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,180 shares of the semiconductor company's stock after selling 3,897 shares during the period. AlphaQuest LLC's holdings in Universal Display were worth $165,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Universal Display by 10.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 28,300 shares of the semiconductor company's stock valued at $4,138,000 after purchasing an additional 2,564 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Universal Display by 17.8% in the fourth quarter. Northern Trust Corp now owns 417,644 shares of the semiconductor company's stock worth $61,060,000 after buying an additional 63,044 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in shares of Universal Display in the fourth quarter worth approximately $371,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of Universal Display by 24.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,236 shares of the semiconductor company's stock valued at $619,000 after acquiring an additional 845 shares during the period. Finally, Algert Global LLC lifted its position in shares of Universal Display by 14.6% in the 4th quarter. Algert Global LLC now owns 32,120 shares of the semiconductor company's stock valued at $4,696,000 after acquiring an additional 4,089 shares in the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Stock Up 2.7%

Shares of NASDAQ:OLED traded up $3.75 during trading on Thursday, reaching $142.84. 222,877 shares of the company traded hands, compared to its average volume of 645,983. The firm has a fifty day simple moving average of $147.41 and a 200 day simple moving average of $144.24. Universal Display Corporation has a 1-year low of $103.70 and a 1-year high of $215.90. The firm has a market cap of $6.79 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 4.07 and a beta of 1.50.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.23. The business had revenue of $171.79 million during 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 quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $1.10 earnings per share. Universal Display has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Announces Dividend

The firm 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%.

Analyst Ratings Changes

Separately, Zacks Research cut shares of 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 company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $190.43.

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.