Candriam S.C.A. Cuts Stock Holdings in Universal Display Corporation $OLED

Key Points

• Candriam S.C.A. reduced its stake in Universal Display Corporation by 1.7%, now holding approximately 0.41% of the company worth $27.3 million.
• Universal Display announced a quarterly dividend of $0.45 per share, with a yield of 1.3%, to be paid on September 30th.
• The stock currently has a consensus rating of "Moderate Buy" among analysts, with a target price averaging $190.43.

Candriam S.C.A. lessened its holdings in Universal Display Corporation (NASDAQ:OLED - Free Report) by 1.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 196,017 shares of the semiconductor company's stock after selling 3,467 shares during the quarter. Candriam S.C.A. owned approximately 0.41% of Universal Display worth $27,341,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of OLED. XTX Topco Ltd acquired a new stake in Universal Display during the fourth quarter worth approximately $257,000. Dimensional Fund Advisors LP boosted its holdings in shares of Universal Display by 11.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 499,089 shares of the semiconductor company's stock valued at $72,971,000 after buying an additional 53,146 shares in the last quarter. Natixis purchased a new position in shares of Universal Display in the 4th quarter valued at $773,000. MetLife Investment Management LLC raised its stake in Universal Display by 8.5% during the 4th quarter. MetLife Investment Management LLC now owns 25,961 shares of the semiconductor company's stock worth $3,795,000 after acquiring an additional 2,039 shares in the last quarter. Finally, Transce3nd LLC purchased a new stake in Universal Display in the fourth quarter valued at $54,000. 78.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on OLED. Wall Street Zen raised Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Zacks Research cut Universal Display from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $170.00 price target on shares of Universal Display in a research report on Friday, May 2nd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Universal Display currently has an average rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display Trading Up 1.1%

Shares of NASDAQ OLED traded up $1.53 during midday trading on Tuesday, reaching $144.46. 58,364 shares of the company were exchanged, compared to its average volume of 647,924. The stock has a market cap of $6.87 billion, a P/E ratio of 28.20, a PEG ratio of 4.29 and a beta of 1.47. Universal Display Corporation has a 1 year low of $103.70 and a 1 year high of $215.90. The stock has a fifty day simple moving average of $149.28 and a 200 day simple moving average of $144.39.

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

Universal Display Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, September 16th. Universal Display's dividend payout ratio (DPR) is 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.