Geneos Wealth Management Inc. Grows Stock Position in Universal Display Corporation $OLED

Geneos Wealth Management Inc. boosted its holdings in Universal Display Corporation (NASDAQ:OLED) by 103.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 728 shares of the semiconductor company’s stock after buying an additional 371 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Universal Display were worth $102,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of OLED. Kayne Anderson Rudnick Investment Management LLC increased its holdings 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 valued at $614,806,000 after buying an additional 1,871,333 shares during the last quarter. Brown Advisory Inc. purchased a new stake in Universal Display in the first quarter valued at $72,327,000. FengHe Fund Management Pte. Ltd. purchased a new stake in Universal Display in the first quarter valued at $41,147,000. Raymond James Financial Inc. lifted its position 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 valued at $65,083,000 after acquiring an additional 182,730 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position 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 valued at $18,715,000 after acquiring an additional 133,769 shares during the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Universal Display Stock Performance

OLED opened at $136.44 on Thursday. The business’s fifty day moving average is $143.81 and its two-hundred day moving average is $143.37. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 4.02 and a beta of 1.50. Universal Display Corporation has a one year low of $103.70 and a one year high of $215.90.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.23. The company had revenue of $171.79 million during the quarter, compared to the consensus estimate of $161.58 million. Universal Display had a return on equity of 15.82% and a net margin of 36.95%.Universal Display’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 earnings per share. Universal Display has set its FY 2025 guidance at EPS. On average, analysts predict that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Dividend Announcement

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

Analyst Ratings Changes

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