UniSuper Management Pty Ltd Sells 54,411 Shares of Universal Display Corporation $OLED

Key Points

• UniSuper Management Pty Ltd has significantly decreased its stake in Universal Display Corporation by selling 54,411 shares, reducing its ownership by 56.8% during the first quarter.
• The company's stock experienced an increase of 0.5%, with a current market capitalization of $6.91 billion and a P/E ratio of 28.40.
• Universal Display recently declared a quarterly dividend of $0.45 per share, representing an annualized yield of 1.2%, with a dividend payout ratio of 35.16%.

UniSuper Management Pty Ltd reduced its stake in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 56.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,425 shares of the semiconductor company's stock after selling 54,411 shares during the quarter. UniSuper Management Pty Ltd owned 0.09% of Universal Display worth $5,778,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Prudential PLC raised its holdings in Universal Display by 2.1% during the 1st quarter. Prudential PLC now owns 4,109 shares of the semiconductor company's stock valued at $573,000 after buying an additional 83 shares during the last quarter. Rise Advisors LLC raised its holdings in 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 during the last quarter. Bessemer Group Inc. increased its holdings in Universal Display by 3.8% during the 1st quarter. Bessemer Group Inc. now owns 2,603 shares of the semiconductor company's stock valued at $363,000 after purchasing an additional 95 shares during the period. Linden Thomas Advisory Services LLC increased its holdings in Universal Display by 0.8% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 12,319 shares of the semiconductor company's stock valued at $1,718,000 after purchasing an additional 96 shares during the period. Finally, Louisiana State Employees Retirement System increased its holdings in Universal Display by 0.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the semiconductor company's stock valued at $1,730,000 after purchasing an additional 100 shares during the period. 78.19% of the stock is owned by institutional investors.

Universal Display Stock Up 0.5%

Universal Display stock opened at $145.39 on Monday. The company has a market capitalization of $6.91 billion, a P/E ratio of 28.40, a PEG ratio of 4.26 and a beta of 1.50. Universal Display Corporation has a twelve month low of $103.70 and a twelve month high of $215.90. The stock's 50 day moving average is $146.96 and its 200 day moving average is $144.22.

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, beating the consensus estimate of $1.18 by $0.23. The business had revenue of $171.79 million for the quarter, compared to analysts' expectations of $161.58 million. Universal Display had a return on equity of 15.82% and a net margin of 36.95%.The firm's quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 EPS. Universal Display has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 16th. Universal Display's dividend payout ratio (DPR) is presently 35.16%.

Wall Street Analyst Weigh In

Separately, 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 assigned a Hold rating to the stock. Based on data from MarketBeat, Universal Display presently has a consensus rating of "Moderate Buy" and an average target price 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.

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