Triodos Investment Management BV Buys 47,300 Shares of Universal Display Corporation $OLED

Key Points

• Triodos Investment Management BV increased its stake in Universal Display Corporation by 34.4%, acquiring an additional 47,300 shares, bringing its total to 185,000 shares valued at approximately $28.56 million.
• Analysts have mixed ratings on Universal Display, with Zacks cutting its rating from "strong-buy" to "hold", while the stock has a consensus target price of $190.43.
• Universal Display recently announced a quarterly dividend of $0.45 per share, which represents an annualized yield of 1.3% with a payout ratio of 35.16%.

Triodos Investment Management BV boosted its stake in Universal Display Corporation (NASDAQ:OLED - Free Report) by 34.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,000 shares of the semiconductor company's stock after acquiring an additional 47,300 shares during the period. Universal Display accounts for 2.1% of Triodos Investment Management BV's investment portfolio, making the stock its 22nd largest holding. Triodos Investment Management BV owned about 0.39% of Universal Display worth $28,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in OLED. Rise Advisors LLC boosted its holdings in Universal Display by 87.9% in the first quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 87 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in Universal Display by 4,700.0% in 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 during the last quarter. Brooklyn Investment Group boosted its holdings in Universal Display by 98.5% in the first quarter. Brooklyn Investment Group now owns 270 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 134 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Universal Display by 79.2% in the second quarter. Farther Finance Advisors LLC now owns 276 shares of the semiconductor company's stock valued at $43,000 after acquiring an additional 122 shares during the last quarter. Finally, Banque Transatlantique SA bought a new stake in Universal Display in the first quarter valued at approximately $45,000. 78.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Zacks Research cut Universal Display from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Universal Display in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Universal Display currently has an average rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display Stock Performance

Shares of Universal Display stock opened at $142.14 on Friday. Universal Display Corporation has a 52 week low of $103.70 and a 52 week high of $214.57. The stock has a 50 day moving average price of $141.79 and a two-hundred day moving average price of $142.56. The stock has a market capitalization of $6.76 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 4.25 and a beta of 1.55.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $1.41 EPS for the quarter, beating 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 firm had revenue of $171.79 million during the quarter, compared to analysts' expectations of $161.58 million. During the same quarter last year, the firm posted $1.10 earnings per share. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. Universal Display has set its FY 2025 guidance at EPS. Research analysts forecast that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Dividend Announcement

The company also recently disclosed 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 1.3%. The ex-dividend date of this dividend was 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.

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