Cambiar Investors LLC Cuts Stock Holdings in Universal Display Corporation $OLED

Key Points

• Cambiar Investors LLC has reduced its holdings in Universal Display Corporation by 16.5%, now owning 10,164 shares valued at approximately $1,418,000.
• Universal Display stock opened at $141.47 and has seen a volatile range with a 12-month high of $215.90 and a low of $103.70.
• Analysts have given Universal Display an average rating of "Moderate Buy" with a target price of $190.43 based on recent evaluations.

Cambiar Investors LLC decreased its stake in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 16.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,164 shares of the semiconductor company's stock after selling 2,005 shares during the quarter. Cambiar Investors LLC's holdings in Universal Display were worth $1,418,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OLED. Raymond James Financial Inc. boosted its stake in shares of Universal Display by 64.4% during the 1st quarter. Raymond James Financial Inc. now owns 466,612 shares of the semiconductor company's stock worth $65,083,000 after purchasing an additional 182,730 shares during the period. Cresset Asset Management LLC bought a new position in Universal Display during the 1st quarter worth about $213,000. American Century Companies Inc. grew its holdings in Universal Display by 2.1% during the 1st quarter. American Century Companies Inc. now owns 12,481 shares of the semiconductor company's stock worth $1,741,000 after acquiring an additional 261 shares in the last quarter. Ethic Inc. grew its holdings in Universal Display by 8.2% during the 1st quarter. Ethic Inc. now owns 4,547 shares of the semiconductor company's stock worth $632,000 after acquiring an additional 344 shares in the last quarter. Finally, Element Capital Management LLC bought a new position in Universal Display during the 1st quarter worth about $2,504,000. Institutional investors own 78.19% of the company's stock.

Universal Display Stock Performance

NASDAQ OLED traded up $4.54 during trading hours on Friday, reaching $144.87. The stock had a trading volume of 520,085 shares, compared to its average volume of 543,559. The stock has a fifty day moving average of $149.54 and a 200 day moving average of $144.39. The stock has a market cap of $6.89 billion, a P/E ratio of 28.29, a price-to-earnings-growth ratio of 1.50 and a beta of 1.47. Universal Display Corporation has a 52-week low of $103.70 and a 52-week high of $215.90.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.18 by $0.23. The company 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%.Universal Display's revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 earnings per share. Universal Display has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Announces Dividend

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 dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 16th. Universal Display's payout ratio is 35.16%.

Wall Street Analysts Forecast Growth

OLED has been the subject of several analyst reports. Needham & Company LLC reissued a "buy" rating and set a $170.00 price target on shares of Universal Display in a research report on Friday, May 2nd. Wall Street Zen raised shares of Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, Zacks Research lowered shares of Universal Display from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.