Invesco Ltd. Sells 194,572 Shares of Universal Display Corporation $OLED

Key Points

• Invesco Ltd. decreased its holdings in Universal Display Corporation by 63.7%, selling 194,572 shares and now owning approximately 110,942 shares, valued at $15,474,000.
• Universal Display recently declared a quarterly dividend of $0.45 per share, set to be paid on September 30th, with an annualized yield of 1.2%.
• Analysts maintain a consensus rating of "Moderate Buy" for Universal Display, with a price target averaging $190.43 amid recent earnings exceeding expectations.

Invesco Ltd. decreased its position in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 63.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 110,942 shares of the semiconductor company's stock after selling 194,572 shares during the quarter. Invesco Ltd. owned approximately 0.23% of Universal Display worth $15,474,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Universal Display by 5.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 139,646 shares of the semiconductor company's stock worth $19,478,000 after acquiring an additional 6,604 shares during the period. Envestnet Asset Management Inc. boosted its stake in Universal Display by 44.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 286,320 shares of the semiconductor company's stock worth $39,936,000 after purchasing an additional 87,801 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Universal Display in the 1st quarter worth about $242,000. DAVENPORT & Co LLC bought a new position in Universal Display in the 1st quarter worth about $377,000. Finally, GAMMA Investing LLC boosted its stake in Universal Display by 134.1% in the 1st quarter. GAMMA Investing LLC now owns 962 shares of the semiconductor company's stock worth $134,000 after purchasing an additional 551 shares during the period. Institutional investors own 78.19% of the company's stock.

Universal Display Price Performance

Shares of NASDAQ:OLED traded up $0.17 on Thursday, hitting $141.22. The company's stock had a trading volume of 561,666 shares, compared to its average volume of 564,595. The company has a 50-day simple moving average of $148.62 and a 200 day simple moving average of $144.35. Universal Display Corporation has a 1 year low of $103.70 and a 1 year high of $215.90. The company has a market capitalization of $6.71 billion, a PE ratio of 27.58, a PEG ratio of 4.14 and a beta of 1.47.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $161.58 million. During the same quarter last year, the firm posted $1.10 EPS. The company's revenue was up 8.4% compared to the same quarter last year. Universal Display has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued 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 dividend payout ratio (DPR) is currently 35.16%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Zacks Research downgraded Universal Display from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Wall Street Zen upgraded Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Finally, Needham & Company LLC restated a "buy" rating and issued a $170.00 target price on shares of Universal Display in a research note on Friday, May 2nd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.