United Services Automobile Association Buys Shares of 2,908 Universal Display Corporation $OLED

Key Points

• United Services Automobile Association acquired a new stake in Universal Display Corporation, purchasing 2,908 shares valued at approximately $422,000.
• Universal Display reported earnings per share of $1.41 for the latest quarter, exceeding analysts' expectations and showing an 8.4% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.45 per share, representing an annualized yield of 1.3%, set to be paid on September 30th.

United Services Automobile Association purchased a new position in Universal Display Corporation (NASDAQ:OLED - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 2,908 shares of the semiconductor company's stock, valued at approximately $422,000.

Several other hedge funds also recently modified their holdings of OLED. Wealth Enhancement Advisory Services LLC increased its position in Universal Display by 5.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 139,646 shares of the semiconductor company's stock worth $19,478,000 after acquiring an additional 6,604 shares during the period. Envestnet Asset Management Inc. grew its position in Universal Display by 44.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 286,320 shares of the semiconductor company's stock worth $39,936,000 after purchasing an additional 87,801 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Universal Display during the 1st quarter worth about $242,000. DAVENPORT & Co LLC acquired a new position in shares of Universal Display during the first quarter valued at about $377,000. Finally, GAMMA Investing LLC raised its position in shares of Universal Display by 134.1% during the first quarter. GAMMA Investing LLC now owns 962 shares of the semiconductor company's stock valued at $134,000 after buying an additional 551 shares during the last quarter. 78.19% of the stock is owned by institutional investors.

Universal Display Price Performance

Shares of NASDAQ:OLED traded down $1.69 during trading on Friday, reaching $136.51. The stock had a trading volume of 433,193 shares, compared to its average volume of 534,738. The stock has a market capitalization of $6.49 billion, a PE ratio of 26.66, a P/E/G ratio of 4.05 and a beta of 1.50. Universal Display Corporation has a 52 week low of $103.70 and a 52 week high of $215.90. The business's 50-day moving average price is $145.09 and its 200 day moving average price is $143.65.

Universal Display (NASDAQ:OLED - Get Free Report) last issued 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 firm had revenue of $171.79 million during the quarter, compared to the consensus estimate of $161.58 million. Universal Display had a return on equity of 15.82% and a net margin of 36.95%.The business's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 EPS. Universal Display has set its FY 2025 guidance at EPS. Analysts forecast that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. Universal Display's dividend payout ratio (DPR) is currently 35.16%.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Universal Display from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently 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.