Graham Capital Management L.P. Takes $570,000 Position in Universal Display Corporation $OLED

Key Points

• Graham Capital Management L.P. acquired 4,089 shares of Universal Display Corporation for approximately $570,000 during the 1st quarter, highlighting growing institutional interest in the semiconductor company.
• Universal Display recently reported a strong financial performance, exceeding earnings expectations with $1.41 EPS against a forecast of $1.18, alongside revenues of $171.79 million.
• The company's stock has received mixed analyst ratings, with Zacks Research recently downgrading it from "strong-buy" to a "hold" rating, while the average target price remains at $190.43.

Graham Capital Management L.P. purchased a new stake in Universal Display Corporation (NASDAQ:OLED - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 4,089 shares of the semiconductor company's stock, valued at approximately $570,000.

Several other hedge funds have also modified their holdings of the company. Orion Capital Management LLC purchased a new position in shares of Universal Display in the fourth quarter valued at $29,000. Golden State Wealth Management LLC grew its stake 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 in the last quarter. Brooklyn Investment Group raised its position in shares of Universal Display by 98.5% during the 1st quarter. Brooklyn Investment Group now owns 270 shares of the semiconductor company's stock valued at $38,000 after buying an additional 134 shares in the last quarter. Global X Japan Co. Ltd. bought a new position in shares of Universal Display in the 1st quarter valued at about $49,000. Finally, SVB Wealth LLC bought a new position in shares of Universal Display in the 1st quarter valued at about $50,000. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Trading Down 0.2%

Shares of OLED stock traded down $0.30 on Thursday, reaching $136.86. 135,233 shares of the company's stock were exchanged, compared to its average volume of 649,324. The company's fifty day simple moving average is $145.95 and its 200 day simple moving average is $144.05. Universal Display Corporation has a 52 week low of $103.70 and a 52 week high of $215.90. The stock has a market capitalization of $6.51 billion, a PE ratio of 26.75, a P/E/G ratio of 4.10 and a beta of 1.50.

Universal Display (NASDAQ:OLED - Get Free Report) last released its earnings results 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. Universal Display had a return on equity of 15.82% and a net margin of 36.95%.The business had revenue of $171.79 million for 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 was up 8.4% compared to the same quarter last year. Universal Display has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 16th. Universal Display's payout ratio is 35.16%.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Universal Display from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Universal Display presently has a consensus rating of "Moderate Buy" and an average price target 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.