Williams & Novak LLC Invests $462,000 in Universal Display Corporation $OLED

Key Points

• Williams & Novak LLC has invested approximately $462,000 in Universal Display Corporation by purchasing 2,988 shares in the 2nd quarter.
• Universal Display reported $1.41 earnings per share for the last quarter, exceeding analysts' estimates of $1.18 and showing an 8.4% year-over-year revenue increase.
• The company recently declared a quarterly dividend of $0.45 per share, resulting in an annualized dividend of $1.80 and a yield of 1.3%.

Williams & Novak LLC bought a new position in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,988 shares of the semiconductor company's stock, valued at approximately $462,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rise Advisors LLC raised its holdings 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 acquiring an additional 87 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Universal Display by 4,700.0% in the first quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company's stock valued at $33,000 after acquiring an additional 235 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of Universal Display by 98.5% in the first 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. Farther Finance Advisors LLC raised its holdings in shares of Universal Display by 79.2% in the second quarter. Farther Finance Advisors LLC now owns 276 shares of the semiconductor company's stock valued at $43,000 after acquiring an additional 122 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Universal Display by 79.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 307 shares of the semiconductor company's stock valued at $47,000 after purchasing an additional 136 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors.

Universal Display Stock Performance

Shares of OLED stock opened at $137.40 on Friday. Universal Display Corporation has a fifty-two week low of $103.70 and a fifty-two week high of $214.57. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 4.17 and a beta of 1.55. The stock's 50-day simple moving average is $141.64 and its 200-day simple moving average is $142.46.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $161.58 million. During the same quarter in the previous year, the firm earned $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. As a group, equities analysts forecast that Universal Display Corporation will post 4.71 earnings per share for the current year.

Universal Display Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. Universal Display's payout ratio is presently 35.16%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Universal Display in a research note on Wednesday. Zacks Research lowered Universal Display from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Universal Display currently has an average rating of "Moderate Buy" and an average target price of $190.43.

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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