Universal Display Corporation $OLED is FengHe Fund Management Pte. Ltd.'s 5th Largest Position

Key Points

• FengHe Fund Management Pte. Ltd. has reduced its stake in Universal Display Corporation (NASDAQ:OLED) by 22.1%, currently holding 229,800 shares, which represents 5.8% of its portfolio.
• Universal Display has reported an earnings per share (EPS) of $1.41 for the last quarter, surpassing analyst expectations of $1.18, with a revenue increase of 8.4% year-over-year.
• The company recently declared a quarterly dividend of $0.45, translating to an annualized yield of 1.2% and a payout ratio of 35.16%.

FengHe Fund Management Pte. Ltd. lessened its stake in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 22.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 229,800 shares of the semiconductor company's stock after selling 65,200 shares during the period. Universal Display comprises about 5.8% of FengHe Fund Management Pte. Ltd.'s holdings, making the stock its 5th biggest position. FengHe Fund Management Pte. Ltd. owned about 0.48% of Universal Display worth $35,495,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Rise Advisors LLC increased its stake 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 worth $26,000 after purchasing an additional 87 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of 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 worth $33,000 after purchasing an additional 235 shares in the last quarter. Brooklyn Investment Group increased its stake in shares of Universal Display by 98.5% in the first quarter. Brooklyn Investment Group now owns 270 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 134 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Universal Display by 79.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 276 shares of the semiconductor company's stock valued at $43,000 after buying an additional 122 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new position in Universal Display in the 1st quarter valued at approximately $45,000. Hedge funds and other institutional investors own 78.19% of the company's stock.

Universal Display Stock Up 0.4%

Universal Display stock opened at $144.27 on Thursday. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 4.21 and a beta of 1.55. The business has a 50-day simple moving average of $142.24 and a 200 day simple moving average of $142.94. Universal Display Corporation has a 52 week low of $103.70 and a 52 week high of $214.57.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.18 by $0.23. Universal Display had a return on equity of 15.82% and a net margin of 36.95%.The company had revenue of $171.79 million during the quarter, compared to analyst estimates of $161.58 million. During the same quarter in the previous year, the firm earned $1.10 earnings per share. Universal Display's revenue was up 8.4% on a year-over-year basis. Universal Display has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Universal Display Corporation will post 4.71 earnings per share for the current year.

Universal Display Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Universal Display from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.

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.