Polar Asset Management Partners Inc. Increases Stock Holdings in Universal Display Corporation $OLED

Key Points

• Polar Asset Management Partners Inc. increased its holdings in Universal Display Corporation by 12.6% in the first quarter, now owning approximately 0.28% of the company valued at $18.8 million.
• Universal Display reported $1.41 earnings per share for the latest quarter, surpassing estimates and showing an 8.4% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.45 per share, set to be paid on September 30th, with an annualized yield of 1.2%.

Polar Asset Management Partners Inc. increased its holdings in Universal Display Corporation (NASDAQ:OLED - Free Report) by 12.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,064 shares of the semiconductor company's stock after acquiring an additional 15,064 shares during the quarter. Polar Asset Management Partners Inc. owned about 0.28% of Universal Display worth $18,839,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gotham Asset Management LLC lifted its position in Universal Display by 46.8% during the first quarter. Gotham Asset Management LLC now owns 144,565 shares of the semiconductor company's stock valued at $20,164,000 after buying an additional 46,078 shares during the period. Banque Transatlantique SA purchased a new position in Universal Display during the first quarter valued at $45,000. Advisors Asset Management Inc. lifted its position in Universal Display by 33.2% during the first quarter. Advisors Asset Management Inc. now owns 2,361 shares of the semiconductor company's stock valued at $329,000 after buying an additional 588 shares during the period. Amundi lifted its position in Universal Display by 31.0% during the first quarter. Amundi now owns 235,905 shares of the semiconductor company's stock valued at $31,872,000 after buying an additional 55,855 shares during the period. Finally, Dark Forest Capital Management LP lifted its position in Universal Display by 522.9% during the first quarter. Dark Forest Capital Management LP now owns 27,565 shares of the semiconductor company's stock valued at $3,845,000 after buying an additional 23,140 shares during the period. Hedge funds and other institutional investors own 78.19% of the company's stock.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Universal Display from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $190.43.

Universal Display Stock Performance

NASDAQ OLED opened at $144.68 on Friday. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 4.08 and a beta of 1.50. The stock has a 50-day moving average of $147.17 and a 200 day moving average of $144.25. Universal Display Corporation has a one year low of $103.70 and a one year high of $215.90.

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 the consensus estimate of $1.18 by $0.23. The firm had revenue of $171.79 million during the quarter, compared to analysts' expectations of $161.58 million. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The firm's quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 earnings per share. Universal Display has set its FY 2025 guidance at EPS. On average, equities analysts predict that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

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 given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, September 16th. Universal Display's dividend payout ratio is 35.16%.

Universal Display Company 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.

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