Universal Display Corporation $OLED Shares Sold by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC cut its holdings in Universal Display Corporation (NASDAQ:OLED) by 39.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 681,806 shares of the semiconductor company’s stock after selling 443,634 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.43% of Universal Display worth $95,098,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in OLED. Wealth Enhancement Advisory Services LLC boosted its holdings in Universal Display by 5.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 139,646 shares of the semiconductor company’s stock valued at $19,478,000 after purchasing an additional 6,604 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Universal Display by 44.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 286,320 shares of the semiconductor company’s stock worth $39,936,000 after acquiring an additional 87,801 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of Universal Display during the 1st quarter valued at $242,000. DAVENPORT & Co LLC purchased a new stake in Universal Display during the 1st quarter worth $377,000. Finally, GAMMA Investing LLC boosted its position in Universal Display by 134.1% during the 1st quarter. GAMMA Investing LLC now owns 962 shares of the semiconductor company’s stock worth $134,000 after purchasing an additional 551 shares during the period. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Universal Display Stock Performance

Shares of NASDAQ:OLED opened at $136.51 on Friday. The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 4.05 and a beta of 1.50. Universal Display Corporation has a 1-year low of $103.70 and a 1-year high of $215.90. The company has a 50 day moving average price of $145.09 and a 200 day moving average price of $143.65.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.18 by $0.23. The business had revenue of $171.79 million during the quarter, compared to the consensus estimate of $161.58 million. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 EPS. Universal Display has set its FY 2025 guidance at EPS. On average, 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, September 16th. Universal Display’s dividend payout ratio is 35.16%.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Universal Display from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Universal Display has an average rating of “Moderate Buy” and a consensus 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.