UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Sells 443,634 Shares of Universal Display Corporation $OLED

Key Points

• UBS Asset Management has reduced its stake in Universal Display Corporation by 39.4%, resulting in ownership of approximately 681,806 shares valued at about $95 million.
• Universal Display reported a quarterly earnings per share (EPS) of $1.41, surpassing the expected $1.18, alongside revenues of $171.79 million, exceeding the consensus estimate.
• The company has declared a quarterly dividend of $0.45, providing a 1.3% dividend yield and is set to be paid on September 30th.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC decreased its holdings in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 39.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 681,806 shares of the semiconductor company's stock after selling 443,634 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 1.43% of Universal Display worth $95,098,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rise Advisors LLC increased its stake in shares of Universal Display by 87.9% during the first quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 87 shares in the last quarter. Orion Capital Management LLC bought a new position in shares of Universal Display during the fourth quarter valued at approximately $29,000. Golden State Wealth Management LLC increased 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 valued at $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% during the first quarter. Brooklyn Investment Group now owns 270 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 134 shares in the last quarter. Finally, Banque Transatlantique SA bought a new position in shares of Universal Display during the first quarter valued at approximately $45,000. Institutional investors own 78.19% of the company's stock.

Universal Display Stock Performance

Shares of Universal Display stock traded up $3.77 on Thursday, hitting $140.21. 859,504 shares of the company's stock were exchanged, compared to its average volume of 585,532. The company has a 50-day simple moving average of $143.46 and a 200-day simple moving average of $143.33. The stock has a market capitalization of $6.66 billion, a PE ratio of 27.38, a PEG ratio of 4.00 and a beta of 1.50. Universal Display Corporation has a 1 year low of $103.70 and a 1 year high of $215.90.

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

Universal Display Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of 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 stock. Based on data from MarketBeat, Universal Display currently has a consensus 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.