Universal Display Corporation $OLED Shares Acquired by Intech Investment Management LLC

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 boosted its holdings in Universal Display Corporation (NASDAQ:OLED - Free Report) by 174.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 94,803 shares of the semiconductor company's stock after acquiring an additional 60,238 shares during the period. Intech Investment Management LLC owned 0.20% of Universal Display worth $13,223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Rise Advisors LLC boosted its stake in Universal Display by 87.9% in the first quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company's stock valued at $26,000 after buying an additional 87 shares in the last quarter. Orion Capital Management LLC bought a new position in shares of Universal Display during the 4th quarter valued at about $29,000. Golden State Wealth Management LLC boosted its holdings 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 acquiring an additional 235 shares during the period. Brooklyn Investment Group raised its position in shares of Universal Display by 98.5% in the 1st quarter. Brooklyn Investment Group now owns 270 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 134 shares in the last quarter. Finally, Global X Japan Co. Ltd. bought a new position in shares of Universal Display in the 1st quarter worth approximately $49,000. 78.19% of the stock is owned by institutional investors and hedge funds.

Universal Display Trading Up 1.2%

Shares of NASDAQ OLED traded up $1.57 during trading on Tuesday, reaching $135.28. 127,982 shares of the company traded hands, compared to its average volume of 649,125. Universal Display Corporation has a 12-month low of $103.70 and a 12-month high of $215.90. The stock has a market cap of $6.43 billion, a P/E ratio of 26.44, a PEG ratio of 4.00 and a beta of 1.50. The firm's fifty day simple moving average is $144.66 and its 200 day simple moving average is $143.46.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping 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 company had revenue of $171.79 million for the quarter, compared to analysts' expectations of $161.58 million. During the same period in the previous year, the firm posted $1.10 EPS. Universal Display'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, research analysts expect that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Announces Dividend

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 dividend of $0.45 per share. The ex-dividend date is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. Universal Display's payout ratio is presently 35.16%.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Universal Display from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company 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.