Charles Schwab Investment Management Inc. Raises Stake in Universal Display Corporation $OLED

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Universal Display Corporation (NASDAQ:OLED) by 5.2%, bringing its total shares to 358,612 valued at approximately $50.02 million.
• Universal Display recently announced a quarterly dividend of $0.45 per share, set to be paid on September 30th, with an annualized yield of 1.3%.
• Analysts maintain a Moderate Buy consensus rating for Universal Display, with a price target averaging $190.43 after analysts highlighted a strong earnings report with an EPS of $1.41.

Charles Schwab Investment Management Inc. increased its position in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 5.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 358,612 shares of the semiconductor company's stock after buying an additional 17,593 shares during the period. Charles Schwab Investment Management Inc. owned 0.75% of Universal Display worth $50,019,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new position in Universal Display during the fourth quarter worth $29,000. Golden State Wealth Management LLC increased its position in Universal Display by 4,700.0% during the first quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 235 shares during the last quarter. Global X Japan Co. Ltd. acquired a new stake in Universal Display during the first quarter worth about $49,000. Transce3nd LLC purchased a new position in Universal Display during the fourth quarter worth about $54,000. Finally, HM Payson & Co. boosted its stake in Universal Display by 235.4% during the first quarter. HM Payson & Co. now owns 436 shares of the semiconductor company's stock worth $61,000 after buying an additional 306 shares during the period. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Price Performance

Shares of NASDAQ OLED traded up $0.04 during midday trading on Thursday, hitting $140.33. The company's stock had a trading volume of 327,197 shares, compared to its average volume of 538,353. The business's fifty day simple moving average is $149.71 and its two-hundred day simple moving average is $144.40. Universal Display Corporation has a 1 year low of $103.70 and a 1 year high of $215.90. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 1.50 and a beta of 1.47.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $1.41 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $161.58 million. During the same quarter last year, the firm posted $1.10 earnings per share. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. Universal Display has set its FY 2025 guidance at EPS. Analysts anticipate that Universal Display Corporation will post 4.71 EPS 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. Investors 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 currently 35.16%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wall Street Zen raised shares of Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and set a $170.00 target price on shares of Universal Display in a research note on Friday, May 2nd. Finally, Zacks Research lowered shares of Universal Display from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $190.43.

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.