Greenhouse Funds LLLP Has $78.54 Million Stock Holdings in Universal Display Corporation $OLED

Key Points

• Greenhouse Funds LLLP reduced its stake in Universal Display Corporation by 3.5% in Q1, owning 563,121 shares worth approximately $78.54 million.
• Universal Display recently announced a quarterly dividend of $0.45 per share, with a dividend yield of 1.3% and a payout ratio of 35.16%.
• Analysts currently have a consensus rating of "Moderate Buy" for Universal Display, with a target price of $190.43 per share.

Greenhouse Funds LLLP lessened its stake in Universal Display Corporation (NASDAQ:OLED - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 563,121 shares of the semiconductor company's stock after selling 20,482 shares during the quarter. Universal Display makes up 3.7% of Greenhouse Funds LLLP's holdings, making the stock its 10th biggest position. Greenhouse Funds LLLP owned about 1.18% of Universal Display worth $78,544,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Orion Capital Management LLC bought a new stake in shares of Universal Display during the 4th quarter valued at $29,000. Golden State Wealth Management LLC increased its position in Universal Display by 4,700.0% during the 1st quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company's stock valued at $33,000 after buying an additional 235 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of Universal Display by 98.5% in the first quarter. Brooklyn Investment Group now owns 270 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 134 shares during the period. Banque Transatlantique SA bought a new stake in Universal Display during the first quarter valued at about $45,000. Finally, Global X Japan Co. Ltd. purchased a new stake in shares of Universal Display in the first quarter worth about $49,000. 78.19% of the stock is owned by institutional investors and hedge funds.

Universal Display Stock Up 0.5%

Shares of OLED opened at $139.09 on Thursday. Universal Display Corporation has a fifty-two week low of $103.70 and a fifty-two week high of $215.90. The firm has a market cap of $6.61 billion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 4.07 and a beta of 1.50. The company's fifty day moving average is $147.41 and its two-hundred day moving average is $144.24.

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 the consensus estimate of $1.18 by $0.23. Universal Display had a return on equity of 15.82% and a net margin of 36.95%.The firm had revenue of $171.79 million during the quarter, compared to analyst estimates of $161.58 million. During the same period in the previous year, the company earned $1.10 earnings per share. Universal Display's quarterly revenue was up 8.4% on a year-over-year basis. Universal Display has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Universal Display Corporation will post 4.71 earnings per share for the current year.

Universal Display Dividend Announcement

The company also recently announced 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 dividend payout ratio (DPR) is presently 35.16%.

Analysts Set New Price Targets

Separately, Zacks Research cut Universal Display from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $190.43.

About Universal Display

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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