Universal Display Corporation $OLED Shares Sold by Swedbank AB

Swedbank AB cut its holdings in shares of Universal Display Corporation (NASDAQ:OLED) by 12.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,579 shares of the semiconductor company’s stock after selling 226 shares during the period. Swedbank AB’s holdings in Universal Display were worth $220,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in Universal Display by 73.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,407,846 shares of the semiconductor company’s stock worth $614,806,000 after purchasing an additional 1,871,333 shares in the last quarter. Brown Advisory Inc. acquired a new position in Universal Display in the first quarter worth about $72,327,000. FengHe Fund Management Pte. Ltd. acquired a new position in Universal Display in the first quarter worth about $41,147,000. Raymond James Financial Inc. grew its stake in Universal Display by 64.4% in the first quarter. Raymond James Financial Inc. now owns 466,612 shares of the semiconductor company’s stock worth $65,083,000 after purchasing an additional 182,730 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Universal Display by 32,547.2% in the first quarter. GAMMA Investing LLC now owns 134,180 shares of the semiconductor company’s stock worth $18,715,000 after purchasing an additional 133,769 shares in the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Zacks Research downgraded 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 given a Hold rating to the stock. According to data from MarketBeat.com, Universal Display has a consensus rating of “Moderate Buy” and an average target price of $190.43.

Universal Display Trading Up 2.1%

OLED opened at $136.98 on Wednesday. The business’s 50 day moving average is $144.22 and its 200-day moving average is $143.42. The stock has a market cap of $6.51 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 3.94 and a beta of 1.50. Universal Display Corporation has a twelve month low of $103.70 and a twelve month high of $215.90.

Universal Display (NASDAQ:OLED) last announced its earnings results on Thursday, July 31st. The semiconductor company reported $1.41 EPS 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 firm had revenue of $171.79 million for the quarter, compared to analysts’ expectations of $161.58 million. During the same quarter in the previous year, the company earned $1.10 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. Universal Display has set its FY 2025 guidance at EPS. As a group, analysts forecast that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Announces Dividend

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

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.