Strs Ohio Acquires New Position in Universal Display Corporation $OLED

Key Points

• Strs Ohio has acquired a new stake in Universal Display Corporation, purchasing 5,873 shares valued at approximately $819,000.
• The company reported $1.41 EPS for the last quarter, exceeding expectations of $1.18, alongside revenue of $171.79 million.
• Universal Display announced a quarterly dividend of $0.45 per share, which will be paid on September 30th, representing an annualized yield of 1.3%.

Strs Ohio purchased a new position in Universal Display Corporation (NASDAQ:OLED - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,873 shares of the semiconductor company's stock, valued at approximately $819,000.

Several other hedge funds have also added to or reduced their stakes in the business. Geneos Wealth Management Inc. increased its position in shares of Universal Display by 103.9% in the first quarter. Geneos Wealth Management Inc. now owns 728 shares of the semiconductor company's stock valued at $102,000 after acquiring an additional 371 shares during the period. Intech Investment Management LLC increased its position in shares of Universal Display by 174.3% during the first quarter. Intech Investment Management LLC now owns 94,803 shares of the semiconductor company's stock valued at $13,223,000 after buying an additional 60,238 shares during the period. Focus Partners Wealth increased its position in shares of Universal Display by 6.4% during the first quarter. Focus Partners Wealth now owns 3,680 shares of the semiconductor company's stock valued at $513,000 after buying an additional 221 shares during the period. United Services Automobile Association purchased a new position in shares of Universal Display during the first quarter valued at about $422,000. Finally, Ashton Thomas Private Wealth LLC increased its position in shares of Universal Display by 7.2% during the first quarter. Ashton Thomas Private Wealth LLC now owns 1,638 shares of the semiconductor company's stock valued at $228,000 after buying an additional 110 shares during the period. 78.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Universal Display from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Five equities research 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 stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display Stock Performance

Shares of NASDAQ OLED traded up $1.89 during midday trading on Tuesday, reaching $145.26. The stock had a trading volume of 26,314 shares, compared to its average volume of 669,185. The stock has a 50-day moving average of $143.00 and a 200-day moving average of $143.06. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 28.36, a price-to-earnings-growth ratio of 4.17 and a beta of 1.50. Universal Display Corporation has a 12-month low of $103.70 and a 12-month high of $215.90.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its 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. The company 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%. Universal Display's quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the company posted $1.10 earnings per share. Universal Display has set its FY 2025 guidance at EPS. As a group, analysts forecast that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 16th. Universal Display's dividend payout ratio (DPR) 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.