Wealth Enhancement Advisory Services LLC Acquires 35,027 Shares of 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 raised its holdings in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 25.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 about 0.37% of Universal Display worth $27,967,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC lifted its stake in shares of Universal Display by 87.9% in the first quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company's stock valued at $26,000 after buying an additional 87 shares during the period. Orion Capital Management LLC acquired a new stake in shares of Universal Display during the 4th quarter worth approximately $29,000. Golden State Wealth Management LLC increased its position 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 during the period. Brooklyn Investment Group increased its position 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 during the period. Finally, Banque Transatlantique SA acquired a new position in shares of Universal Display in the first quarter valued at $45,000. 78.19% of the stock is owned by institutional investors.

Universal Display Price Performance

Shares of Universal Display stock traded up $1.56 during midday trading on Monday, hitting $143.57. 301,386 shares of the company were exchanged, compared to its average volume of 669,414. The firm has a 50 day simple moving average of $143.19 and a 200-day simple moving average of $143.17. The firm has a market cap of $6.82 billion, a P/E ratio of 28.04, a PEG ratio of 4.17 and a beta of 1.50. Universal Display Corporation has a 52 week low of $103.70 and a 52 week high of $215.90.

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

Universal Display Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.45 per share. 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 (DPR) is currently 35.16%.

Wall Street Analyst Weigh In

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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display 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.