Universal Display Corporation $OLED Shares Purchased by Amundi

Key Points

• Amundi has increased its stake in Universal Display Corporation by 31.0%, acquiring an additional 55,855 shares during the 1st quarter, bringing its total ownership to approximately $31.87 million.
• Universal Display reported $1.41 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $1.18 EPS, and experienced an 8.4% year-over-year revenue growth.
• The company has declared a quarterly dividend of $0.45, which will be paid on September 30th, representing a 1.2% dividend yield based on its annualized payout.

Amundi boosted its holdings in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 31.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 235,905 shares of the semiconductor company's stock after buying an additional 55,855 shares during the quarter. Amundi owned 0.50% of Universal Display worth $31,872,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new position in Universal Display during the 4th quarter worth approximately $29,000. Golden State Wealth Management LLC raised its position in 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 worth $33,000 after buying an additional 235 shares during the last quarter. Brooklyn Investment Group raised its position in Universal Display by 98.5% during the 1st quarter. Brooklyn Investment Group now owns 270 shares of the semiconductor company's stock worth $38,000 after buying an additional 134 shares during the last quarter. Global X Japan Co. Ltd. purchased a new position in Universal Display during the 1st quarter worth approximately $49,000. Finally, SVB Wealth LLC purchased a new position in Universal Display during the 1st quarter worth approximately $50,000. 78.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Universal Display from a "strong-buy" rating to a "hold" rating in a 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 company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $190.43.

Universal Display Stock Down 0.7%

Shares of NASDAQ:OLED traded down $0.98 during trading on Friday, hitting $137.23. 83,418 shares of the stock traded hands, compared to its average volume of 648,673. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 4.02 and a beta of 1.50. The company has a fifty day moving average price of $145.53 and a two-hundred day moving average price of $143.92. Universal Display Corporation has a 52-week low of $103.70 and a 52-week high of $215.90.

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

Universal Display Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid 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 (DPR) 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.