Universal Display Corporation $OLED Shares Purchased by Copeland Capital Management LLC

Key Points

• Copeland Capital Management LLC increased its stake in Universal Display Corporation by 15%, owning approximately 457,396 shares after acquiring additional shares in the second quarter.
• The company's latest quarterly earnings report showed an earnings per share (EPS) of $1.41, exceeding analysts' expectations and reflecting an 8.4% revenue increase year-over-year.
• Universal Display has declared a quarterly dividend of $0.45 per share, yielding 1.2%, with a current payout ratio of 35.16%.

Copeland Capital Management LLC boosted its holdings in Universal Display Corporation (NASDAQ:OLED - Free Report) by 15.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 457,396 shares of the semiconductor company's stock after acquiring an additional 59,640 shares during the period. Universal Display accounts for about 1.5% of Copeland Capital Management LLC's portfolio, making the stock its 18th largest holding. Copeland Capital Management LLC owned approximately 0.96% of Universal Display worth $70,650,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC lifted 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 lifted 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 lifted 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 lifted 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 acquired a new position in Universal Display in the first quarter valued at approximately $45,000. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Stock Up 2.1%

NASDAQ:OLED opened at $147.33 on Friday. The stock's fifty day moving average is $142.20 and its two-hundred day moving average is $142.88. Universal Display Corporation has a 52 week low of $103.70 and a 52 week high of $214.57. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 28.78, a price-to-earnings-growth ratio of 4.23 and a beta of 1.55.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $1.41 EPS for the quarter, topping 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 company had revenue of $171.79 million for the quarter, compared to analysts' expectations of $161.58 million. During the same period in the prior year, the firm earned $1.10 earnings per share. The firm's revenue was up 8.4% compared to the same quarter last year. Universal Display has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Dividend Announcement

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

Analyst Upgrades and Downgrades

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