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 reduced its holdings in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 39.4% in the 1st quarter, according to the company in its most recent 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 quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 1.43% of Universal Display worth $95,098,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Rise Advisors LLC grew its holdings in shares of Universal Display by 87.9% in the 1st quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 87 shares during the period. Orion Capital Management LLC acquired a new stake in shares of Universal Display in the 4th quarter worth approximately $29,000. Golden State Wealth Management LLC grew its holdings in shares of Universal Display by 4,700.0% in the 1st quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 235 shares during the period. Brooklyn Investment Group grew its holdings in shares of Universal Display by 98.5% in the 1st quarter. Brooklyn Investment Group now owns 270 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 134 shares during the period. Finally, Banque Transatlantique SA acquired a new stake in shares of Universal Display in the 1st quarter worth approximately $45,000. 78.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Zacks Research lowered Universal Display from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $190.43.

Universal Display Trading Down 1.7%

NASDAQ:OLED traded down $2.35 during trading hours on Monday, hitting $134.16. 893,691 shares of the stock traded hands, compared to its average volume of 531,690. The firm has a 50 day moving average price of $144.66 and a 200 day moving average price of $143.46. Universal Display Corporation has a fifty-two week low of $103.70 and a fifty-two week high of $215.90. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 4.00 and a beta of 1.50.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.18 by $0.23. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The firm had revenue of $171.79 million during the quarter, compared to analysts' expectations of $161.58 million. During the same period in the prior year, the company posted $1.10 earnings per share. Universal Display's revenue for the quarter was up 8.4% on a year-over-year basis. Universal Display has set its FY 2025 guidance at EPS. Research analysts predict that Universal Display Corporation will post 4.71 EPS for the current 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 given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 16th. Universal Display's dividend payout ratio is 35.16%.

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.