Lazard Freres Gestion S.A.S. Purchases Shares of 3,000 Universal Display Corporation $OLED

Key Points

• Lazard Freres Gestion S.A.S. acquired 3,000 shares of Universal Display Corporation valued at approximately $463,000 in the second quarter, as reported in their 13F filing with the SEC.
• Universal Display recently reported earnings of $1.41 per share, exceeding expectations, with revenue growing 8.4% year-over-year.
• The company declared a quarterly dividend of $0.45 per share, with a 1.2% dividend yield and a payout ratio of 35.16%.

Lazard Freres Gestion S.A.S. purchased a new stake in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,000 shares of the semiconductor company's stock, valued at approximately $463,000.

Other large investors have also made changes to their positions in the company. Rise Advisors LLC grew its stake in shares of Universal Display by 87.9% during the 1st quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 87 shares during the period. Whittier Trust Co. bought a new stake in shares of Universal Display during the 2nd quarter valued at about $30,000. Golden State Wealth Management LLC grew its stake in shares of 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 purchasing an additional 235 shares during the period. Brooklyn Investment Group grew its stake 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 purchasing an additional 134 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of Universal Display by 79.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 276 shares of the semiconductor company's stock valued at $43,000 after purchasing an additional 122 shares during the period. 78.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OLED. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Universal Display in a research report on Wednesday, October 8th. Zacks Research raised Universal Display from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $190.43.

Universal Display Trading Up 2.2%

NASDAQ OLED opened at $149.22 on Friday. The stock's 50 day moving average is $142.84 and its 200 day moving average is $143.26. Universal Display Corporation has a 12 month low of $103.70 and a 12 month high of $214.57. The stock has a market cap of $7.09 billion, a PE ratio of 29.14, a P/E/G ratio of 4.28 and a beta of 1.55.

Universal Display (NASDAQ:OLED - Get Free Report) last issued 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. The business had revenue of $171.79 million for the quarter, compared to analysts' expectations of $161.58 million. Universal Display had a return on equity of 15.82% and a net margin of 36.95%.The company's revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 EPS. Universal Display has set its FY 2025 guidance at EPS. On average, analysts forecast that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 16th. Universal Display's dividend payout ratio is 35.16%.

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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