TD Asset Management Inc Takes $1.42 Million Position in Universal Display Corporation $OLED

Key Points

• TD Asset Management Inc has acquired a new stake in Universal Display Corporation, purchasing 9,199 shares valued at approximately $1.42 million. This investment was disclosed in their recent 13F filing.
• Universal Display recently reported earnings of $1.41 per share, exceeding analyst expectations, with revenue of $171.79 million, which is an 8.4% increase year-over-year.
• The company announced a quarterly dividend of $0.45 per share, representing a yield of 1.2%, with a payout ratio of 35.16%.

TD Asset Management Inc bought a new stake in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,199 shares of the semiconductor company's stock, valued at approximately $1,421,000.

Other hedge funds have also recently made changes to their positions in the company. Rise Advisors LLC raised its position 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 buying an additional 87 shares in the last quarter. Golden State Wealth Management LLC raised its position 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 buying an additional 235 shares in the last quarter. Brooklyn Investment Group raised its position 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 buying an additional 134 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in 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 last quarter. Finally, Banque Transatlantique SA purchased a new stake in Universal Display in the 1st quarter worth about $45,000. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Universal Display Price Performance

Universal Display stock opened at $145.97 on Thursday. The firm has a market capitalization of $6.94 billion, a P/E ratio of 28.51, a price-to-earnings-growth ratio of 4.39 and a beta of 1.55. The company's 50-day moving average is $142.73 and its 200 day moving average is $143.01. 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 issued its earnings results on Thursday, July 31st. The semiconductor company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.23. The business had revenue of $171.79 million for the quarter, compared to the consensus estimate of $161.58 million. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 EPS. Universal Display has set its FY 2025 guidance at EPS. Research analysts anticipate that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, September 16th. Universal Display's dividend payout ratio is currently 35.16%.

Wall Street Analyst Weigh In

OLED has been the topic of a number of recent analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of Universal Display in a research report on Wednesday, October 8th. Zacks Research lowered shares of Universal Display from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Universal Display currently has an average rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display 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.

Want to see what other hedge funds are holding OLED? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Display Corporation (NASDAQ:OLED - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.