Entropy Technologies LP Makes New Investment in Universal Display Corporation $OLED

Key Points

• Entropy Technologies LP acquired 2,316 shares of Universal Display Corporation for approximately $323,000 during the first quarter, adding to a trend of increasing institutional investments in the company.
• Universal Display reported a net income margin of 36.95% and earnings of $1.41 per share for the quarter, surpassing projections and showing an 8.4% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.45, expected to be paid on September 30th, with an annualized yield of **1.3%** and a payout ratio of 35.16%.

Entropy Technologies LP acquired a new stake in Universal Display Corporation (NASDAQ:OLED - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,316 shares of the semiconductor company's stock, valued at approximately $323,000.

Other hedge funds also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new stake in shares of Universal Display in the 4th quarter worth $29,000. Golden State Wealth Management LLC lifted its holdings in shares of Universal Display by 4,700.0% in 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 period. Global X Japan Co. Ltd. purchased a new stake in shares of Universal Display in the 1st quarter worth $49,000. Transce3nd LLC purchased a new stake in shares of Universal Display in the 4th quarter worth $54,000. Finally, HM Payson & Co. lifted its holdings in shares of Universal Display by 235.4% in the 1st 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. Institutional investors own 78.19% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on OLED shares. Needham & Company LLC reiterated a "buy" rating and issued a $170.00 target price on shares of Universal Display in a report on Friday, May 2nd. Wall Street Zen upgraded Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.43.

Universal Display Trading Down 0.3%

Shares of OLED stock traded down $0.4410 during mid-day trading on Tuesday, reaching $141.4390. The stock had a trading volume of 53,741 shares, compared to its average volume of 655,820. The business's fifty day moving average is $150.91 and its 200-day moving average is $144.47. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 1.51 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.

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 for the quarter, beating analysts' consensus estimates of $1.18 by $0.23. The business had revenue of $171.79 million for 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%.The company's revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.10 earnings per share. Universal Display has set its FY 2025 guidance at EPS. On average, analysts forecast that Universal Display Corporation will post 4.71 earnings per share for the current year.

Universal Display Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. 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.