Intech Investment Management LLC Has $13.22 Million Stake in Universal Display Corporation $OLED

Key Points

• Intech Investment Management LLC significantly increased its stake in Universal Display Corporation (NASDAQ:OLED) by 174.3%, now holding approximately $13.22 million worth of shares after purchasing an additional 60,238 shares.
• Universal Display reported a quarterly earnings per share of $1.41, exceeding analysts' expectations, with revenue rising by 8.4% year-over-year to $171.79 million.
• The company declared a quarterly dividend of $0.45 per share, representing an annualized dividend of $1.80 with a dividend yield of 1.3%.

Intech Investment Management LLC raised its position in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 174.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,803 shares of the semiconductor company's stock after purchasing an additional 60,238 shares during the period. Intech Investment Management LLC owned approximately 0.20% of Universal Display worth $13,223,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Focus Partners Wealth raised its position in Universal Display by 6.4% during the first quarter. Focus Partners Wealth now owns 3,680 shares of the semiconductor company's stock valued at $513,000 after purchasing an additional 221 shares in the last quarter. United Services Automobile Association acquired a new position in Universal Display during the first quarter valued at approximately $422,000. Ashton Thomas Private Wealth LLC raised its position in Universal Display by 7.2% during the first quarter. Ashton Thomas Private Wealth LLC now owns 1,638 shares of the semiconductor company's stock valued at $228,000 after purchasing an additional 110 shares in the last quarter. Kestra Investment Management LLC acquired a new position in Universal Display during the first quarter valued at approximately $62,000. Finally, Rise Advisors LLC raised its position in Universal Display by 87.9% during the first quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 87 shares in the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Stock Performance

NASDAQ OLED opened at $137.16 on Thursday. The firm's fifty day moving average price is $145.95 and its two-hundred day moving average price is $144.05. The stock has a market cap of $6.52 billion, a PE ratio of 26.79, a PEG ratio of 4.10 and a beta of 1.50. Universal Display Corporation has a fifty-two week low of $103.70 and a fifty-two week high of $215.90.

Universal Display (NASDAQ:OLED - Get Free Report) last posted 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. The firm had revenue of $171.79 million for the quarter, compared to analysts' expectations of $161.58 million. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The company's revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 earnings per share. 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 Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of 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 company. According to data from MarketBeat, Universal Display 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.

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