Clear Creek Financial Management LLC Purchases 2,386 Shares of Universal Display Corporation $OLED

Key Points

• Clear Creek Financial Management LLC increased its stake in Universal Display Corporation by 79.6%, acquiring an additional 2,386 shares, bringing its total holdings to 5,385 shares valued at approximately $832,000.
• Universal Display reported a quarterly EPS of $1.41, surpassing analysts' estimates by $0.23, and had a revenue of $171.79 million, representing an 8.4% year-over-year increase.
• The company recently declared a quarterly dividend of $0.45 per share, resulting in an annualized yield of 1.3% and a dividend payout ratio of 35.16%.

Clear Creek Financial Management LLC boosted its position in Universal Display Corporation (NASDAQ:OLED - Free Report) by 79.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,385 shares of the semiconductor company's stock after acquiring an additional 2,386 shares during the period. Clear Creek Financial Management LLC's holdings in Universal Display were worth $832,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Universal Display by 73.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,407,846 shares of the semiconductor company's stock worth $614,806,000 after acquiring an additional 1,871,333 shares during the last quarter. Primecap Management Co. CA lifted its position in shares of Universal Display by 2.1% in the 1st quarter. Primecap Management Co. CA now owns 1,835,722 shares of the semiconductor company's stock worth $256,047,000 after purchasing an additional 38,590 shares during the period. Brown Advisory Inc. purchased a new stake in shares of Universal Display in the 1st quarter worth about $72,327,000. Raymond James Financial Inc. lifted its position in shares of Universal Display by 64.4% in the 1st quarter. Raymond James Financial Inc. now owns 466,612 shares of the semiconductor company's stock worth $65,083,000 after purchasing an additional 182,730 shares during the period. Finally, Copeland Capital Management LLC lifted its position in shares of Universal Display by 15.0% in the 2nd quarter. Copeland Capital Management LLC now owns 457,396 shares of the semiconductor company's stock worth $70,650,000 after purchasing an additional 59,640 shares during the period. Institutional investors own 78.19% of the company's stock.

Universal Display Price Performance

Shares of NASDAQ OLED opened at $137.40 on Friday. Universal Display Corporation has a 1 year low of $103.70 and a 1 year high of $214.57. The stock has a market cap of $6.53 billion, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 4.17 and a beta of 1.55. The firm has a 50-day moving average of $141.64 and a 200 day moving average of $142.46.

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

Universal Display Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 16th. Universal Display's dividend payout ratio (DPR) is 35.16%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OLED. Zacks Research cut shares of Universal Display from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Universal Display in a research report on Wednesday. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.

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