U.S. Capital Wealth Advisors LLC Takes $585,000 Position in Universal Display Corporation $OLED

Key Points

• U.S. Capital Wealth Advisors LLC has acquired 3,788 shares of Universal Display Corporation, amounting to an investment of approximately $585,000.
• Several institutional investors have increased their stakes in Universal Display, with hedge funds owning 78.19% of the company's stock.
• Universal Display recently reported a quarterly earnings per share of $1.41, surpassing the consensus estimate, and has declared a quarterly dividend of $0.45 per share.

U.S. Capital Wealth Advisors LLC purchased a new position in Universal Display Corporation (NASDAQ:OLED - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,788 shares of the semiconductor company's stock, valued at approximately $585,000.

Several other institutional investors have also bought and sold shares of OLED. Wealth Enhancement Advisory Services LLC raised its stake in shares of Universal Display by 5.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 139,646 shares of the semiconductor company's stock valued at $19,478,000 after buying an additional 6,604 shares during the period. Envestnet Asset Management Inc. increased its holdings in Universal Display by 44.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 286,320 shares of the semiconductor company's stock worth $39,936,000 after acquiring an additional 87,801 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Universal Display in the 1st quarter worth about $242,000. DAVENPORT & Co LLC bought a new stake in Universal Display in the 1st quarter valued at about $377,000. Finally, GAMMA Investing LLC lifted its holdings in Universal Display by 134.1% during the first quarter. GAMMA Investing LLC now owns 962 shares of the semiconductor company's stock valued at $134,000 after purchasing an additional 551 shares during the last quarter. Hedge funds and other institutional investors own 78.19% of the company's stock.

Analyst Upgrades and Downgrades

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

Universal Display Stock Performance

Shares of OLED opened at $146.31 on Friday. Universal Display Corporation has a 52-week low of $103.70 and a 52-week high of $214.57. The stock's 50-day simple moving average is $142.70 and its 200 day simple moving average is $143.04. The stock has a market capitalization of $6.95 billion, a price-to-earnings ratio of 28.58, a price-to-earnings-growth ratio of 4.31 and a beta of 1.50.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $1.41 earnings per share for the quarter, beating 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 firm 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 business posted $1.10 earnings per share. The company'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 forecast that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The company 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 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 16th. Universal Display's dividend payout ratio (DPR) is presently 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.

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