Nuveen LLC Purchases Shares of 100,736 Universal Display Corporation $OLED

Key Points

• Nuveen LLC acquired a new position in Universal Display Corporation, purchasing 100,736 shares valued at approximately $14.05 million, representing 0.21% of the company.
• Universal Display reported $1.41 earnings per share for the recent quarter, exceeding analysts' estimates of $1.18, with revenue up 8.4% year-over-year to $171.79 million.
• The company declared a quarterly dividend of $0.45 per share, translating to an annual yield of 1.3% for shareholders of record by September 16th.

Nuveen LLC acquired a new stake in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 100,736 shares of the semiconductor company's stock, valued at approximately $14,051,000. Nuveen LLC owned 0.21% of Universal Display at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in shares of Universal Display during the fourth quarter valued at $29,000. Golden State Wealth Management LLC increased its holdings in shares of Universal Display by 4,700.0% during the first 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 in the last quarter. Global X Japan Co. Ltd. bought a new position in shares of Universal Display during the first quarter valued at $49,000. HM Payson & Co. increased its holdings in shares of Universal Display by 235.4% during the first quarter. HM Payson & Co. now owns 436 shares of the semiconductor company's stock valued at $61,000 after acquiring an additional 306 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Universal Display by 46.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 493 shares of the semiconductor company's stock valued at $69,000 after acquiring an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 78.19% of the company's stock.

Universal Display Stock Down 1.7%

NASDAQ OLED traded down $2.50 during trading hours on Wednesday, reaching $141.05. The company's stock had a trading volume of 509,287 shares, compared to its average volume of 565,945. The firm's 50-day moving average price is $148.86 and its 200-day moving average price is $144.36. 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 $6.70 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 4.21 and a beta of 1.47.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.18 by $0.23. Universal Display had a return on equity of 15.82% and a net margin of 36.95%.The business had revenue of $171.79 million for the quarter, compared to the consensus estimate of $161.58 million. During the same quarter in the previous year, the company 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. Equities research analysts anticipate that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Announces Dividend

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

Analysts Set New Price Targets

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