Universal Display Corporation $OLED Position Lifted by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Universal Display Corporation by 432.1% in Q1, owning 74,250 shares valued at approximately $10.36 million.
• Universal Display's stock has seen a 3.3% increase and has a market cap of $6.90 billion, with stock trading between a 52-week low of $103.70 and a high of $215.90.
• The company declared a quarterly dividend of $0.45 per share, indicating a yield of 1.2%, with a planned payment on September 30th.

Vestmark Advisory Solutions Inc. raised its position in Universal Display Corporation (NASDAQ:OLED - Free Report) by 432.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 74,250 shares of the semiconductor company's stock after acquiring an additional 60,296 shares during the period. Vestmark Advisory Solutions Inc. owned approximately 0.16% of Universal Display worth $10,356,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new stake in shares of Universal Display in the 4th quarter worth $29,000. Golden State Wealth Management LLC lifted its stake 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. Global X Japan Co. Ltd. acquired a new stake in shares of Universal Display in the 1st quarter worth $49,000. Transce3nd LLC acquired a new stake in shares of Universal Display in the 4th quarter worth $54,000. Finally, HM Payson & Co. lifted its stake in shares of Universal Display by 235.4% in the 1st quarter. HM Payson & Co. now owns 436 shares of the semiconductor company's stock worth $61,000 after acquiring an additional 306 shares during the period. Institutional investors and hedge funds own 78.19% of the company's stock.

Universal Display Stock Down 0.8%

Shares of Universal Display stock traded down $1.0750 during trading hours on Tuesday, hitting $140.8050. The company's stock had a trading volume of 69,793 shares, compared to its average volume of 655,942. Universal Display Corporation has a 1-year low of $103.70 and a 1-year high of $215.90. The business has a fifty day moving average of $150.91 and a 200 day moving average of $144.47. The company has a market capitalization of $6.69 billion, a PE ratio of 27.50, a P/E/G ratio of 1.51 and a beta of 1.47.

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

Universal Display Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.45 per share. 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 dividend payout ratio is 35.16%.

Wall Street Analysts Forecast Growth

OLED has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $170.00 price target on shares of Universal Display in a report on Friday, May 2nd. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $190.43.

Universal Display Company 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.