Wealth Enhancement Advisory Services LLC Has $27.97 Million Stock Position in Universal Display Corporation $OLED

Key Points

• Wealth Enhancement Advisory Services LLC has increased its stake in Universal Display Corporation (NASDAQ:OLED) by 25.1%, owning 174,673 shares valued at approximately $27.97 million.
• Universal Display's recent quarterly earnings showed earnings per share of $1.41, surpassing the expected $1.18, with revenues of $171.79 million for the quarter.
• The company announced a quarterly dividend of $0.45 per share, with an annualized yield of 1.3%, payable on September 30th.

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 25.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 174,673 shares of the semiconductor company's stock after buying an additional 35,027 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.37% of Universal Display worth $27,967,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Rise Advisors LLC grew its position 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 in the last quarter. Orion Capital Management LLC bought a new stake in shares of Universal Display in the 4th quarter worth approximately $29,000. Golden State Wealth Management LLC lifted 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 purchasing an additional 235 shares during the last quarter. Brooklyn Investment Group raised its stake in Universal Display by 98.5% during the 1st quarter. Brooklyn Investment Group now owns 270 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 134 shares in the last quarter. Finally, Banque Transatlantique SA bought a new stake in Universal Display during the 1st quarter valued at $45,000. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Zacks Research downgraded 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 given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $190.43.

Universal Display Trading Up 2.3%

NASDAQ OLED traded up $3.33 on Tuesday, reaching $146.70. The stock had a trading volume of 66,290 shares, compared to its average volume of 669,377. Universal Display Corporation has a 1 year low of $103.70 and a 1 year high of $215.90. The business has a 50 day moving average price of $143.00 and a 200 day moving average price of $143.06. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 28.65, a P/E/G ratio of 4.17 and a beta of 1.50.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings data 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. 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 during the quarter, compared to analysts' expectations of $161.58 million. During the same quarter in the previous year, the firm earned $1.10 EPS. The firm'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, analysts anticipate 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 given a dividend of $0.45 per share. The ex-dividend date is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. 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.