1,530 Shares in Universal Display Corporation $OLED Acquired by Cresset Asset Management LLC

Cresset Asset Management LLC acquired a new stake in shares of Universal Display Corporation (NASDAQ:OLED) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,530 shares of the semiconductor company’s stock, valued at approximately $213,000.

Other hedge funds have also added to or reduced their stakes in the company. Brown Advisory Inc. bought a new position in shares of Universal Display during the first quarter valued at $72,327,000. FengHe Fund Management Pte. Ltd. purchased a new stake in Universal Display during the 1st quarter valued at about $41,147,000. Point72 Asset Management L.P. purchased a new stake in Universal Display during the 4th quarter valued at about $38,981,000. Janus Henderson Group PLC increased its stake in Universal Display by 41.5% during the 4th quarter. Janus Henderson Group PLC now owns 551,673 shares of the semiconductor company’s stock valued at $80,674,000 after purchasing an additional 161,782 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Universal Display in the fourth quarter worth about $20,952,000. 78.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on OLED shares. Zacks Research cut shares of Universal Display from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Needham & Company LLC reiterated a “buy” rating and set a $170.00 target price on shares of Universal Display in a research note on Friday, May 2nd. Finally, Wall Street Zen raised Universal Display from a “sell” rating to a “hold” rating in a report on Friday, May 2nd. Five equities 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, Universal Display currently has an average rating of “Moderate Buy” and a consensus target price of $190.43.

Universal Display Stock Up 0.4%

Shares of Universal Display stock opened at $143.55 on Wednesday. Universal Display Corporation has a twelve month low of $103.70 and a twelve month high of $215.90. The company’s 50 day moving average is $149.11 and its 200 day moving average is $144.38. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 4.19 and a beta of 1.47.

Universal Display (NASDAQ:OLED) last announced its 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 company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 EPS. Universal Display has set its FY 2025 guidance at EPS. Sell-side analysts expect that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. Universal Display’s dividend payout ratio is currently 35.16%.

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.