Lecap Asset Management Ltd. Takes Position in Universal Display Corporation $OLED

Key Points

• Lecap Asset Management Ltd. has acquired a new stake in Universal Display Corporation, buying 7,006 shares valued at approximately $1,082,000 in the second quarter.
• Universal Display reported earnings per share of $1.41 for the last quarter, surpassing analysts' expectations of $1.18 and showing an 8.4% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.45 per share, representing an annualized yield of 1.2% with a dividend payout ratio of 35.16%.

Lecap Asset Management Ltd. bought a new stake in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,006 shares of the semiconductor company's stock, valued at approximately $1,082,000.

Several other large investors have also recently made changes to their positions in OLED. GAMMA Investing LLC increased its holdings in Universal Display by 32,547.2% in the 1st quarter. GAMMA Investing LLC now owns 134,180 shares of the semiconductor company's stock worth $18,715,000 after acquiring an additional 133,769 shares during the last quarter. Parallel Advisors LLC increased its holdings in Universal Display by 35.4% in the 1st quarter. Parallel Advisors LLC now owns 773 shares of the semiconductor company's stock worth $108,000 after acquiring an additional 202 shares during the last quarter. Rhumbline Advisers increased its holdings in Universal Display by 14.9% in the 1st quarter. Rhumbline Advisers now owns 182,307 shares of the semiconductor company's stock worth $25,428,000 after acquiring an additional 23,689 shares during the last quarter. Apella Capital LLC purchased a new stake in Universal Display in the 1st quarter worth about $298,000. Finally, Thrive Wealth Management LLC purchased a new stake in Universal Display in the 1st quarter worth about $392,000. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Price Performance

Shares of OLED opened at $144.27 on Thursday. The firm has a market cap of $6.86 billion, a P/E ratio of 28.18, a P/E/G ratio of 4.21 and a beta of 1.55. The stock has a 50 day simple moving average of $142.24 and a two-hundred day simple moving average of $142.94. Universal Display Corporation has a 1 year low of $103.70 and a 1 year high of $214.57.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.18 by $0.23. The firm had revenue of $171.79 million during the quarter, compared to analyst estimates of $161.58 million. Universal Display had a return on equity of 15.82% and a net margin of 36.95%.The business's quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 earnings per share. Universal Display has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Universal Display Corporation will post 4.71 earnings per share for the current year.

Universal Display Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a $0.45 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. Universal Display's dividend payout ratio is 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 investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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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