Universal Display Corporation $OLED Shares Sold by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. has decreased its stake in Universal Display Corporation (NASDAQ:OLED) by 18.7%, now owning 13,767 shares valued at approximately $1.92 million.
• Zacks Research downgraded Universal Display from a "strong-buy" to a "hold" rating, while analysts maintain a consensus rating of "Moderate Buy" with a price target of $190.43.
• Universal Display announced a quarterly dividend of $0.45 per share, which equates to an annualized dividend of $1.80 and a yield of 1.3%, payable on September 30th to investors of record.

Jacobs Levy Equity Management Inc. lessened its stake in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 18.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,767 shares of the semiconductor company's stock after selling 3,173 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Universal Display were worth $1,920,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of OLED. Orion Capital Management LLC acquired a new position in shares of Universal Display during the fourth quarter worth about $29,000. Golden State Wealth Management LLC lifted its stake in shares of Universal Display by 4,700.0% during 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 lifted its stake in shares of Universal Display by 98.5% during 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. Banque Transatlantique SA acquired a new position in shares of Universal Display during the first quarter worth about $45,000. Finally, Global X Japan Co. Ltd. acquired a new position in shares of Universal Display during the first quarter worth about $49,000. Institutional investors and hedge funds own 78.19% of the company's stock.

Universal Display Stock Performance

Shares of NASDAQ:OLED traded down $1.69 during trading on Friday, hitting $136.51. The company's stock had a trading volume of 433,193 shares, compared to its average volume of 534,738. Universal Display Corporation has a fifty-two week low of $103.70 and a fifty-two week high of $215.90. The stock's 50-day moving average price is $145.09 and its two-hundred day moving average price is $143.77. The company has a market capitalization of $6.49 billion, a PE ratio of 26.66, a PEG ratio of 4.05 and a beta of 1.50.

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 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 business had revenue of $171.79 million for the quarter, compared to analysts' expectations of $161.58 million. During the same quarter in the previous year, the firm posted $1.10 earnings per share. The company'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, equities analysts predict that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. 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 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. According to data from MarketBeat, Universal Display has a consensus 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.