Strs Ohio Takes $819,000 Position in Universal Display Corporation $OLED

Strs Ohio bought a new stake in Universal Display Corporation (NASDAQ:OLED) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,873 shares of the semiconductor company’s stock, valued at approximately $819,000.

Several other institutional investors have also modified their holdings of the stock. Geneos Wealth Management Inc. lifted its stake in shares of Universal Display by 103.9% in the first quarter. Geneos Wealth Management Inc. now owns 728 shares of the semiconductor company’s stock worth $102,000 after buying an additional 371 shares in the last quarter. Intech Investment Management LLC lifted its stake in shares of Universal Display by 174.3% in the first quarter. Intech Investment Management LLC now owns 94,803 shares of the semiconductor company’s stock worth $13,223,000 after buying an additional 60,238 shares in the last quarter. Focus Partners Wealth increased its position in Universal Display by 6.4% during the first quarter. Focus Partners Wealth now owns 3,680 shares of the semiconductor company’s stock worth $513,000 after purchasing an additional 221 shares during the last quarter. United Services Automobile Association purchased a new position in Universal Display during the first quarter worth about $422,000. Finally, Ashton Thomas Private Wealth LLC boosted its holdings in Universal Display by 7.2% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 1,638 shares of the semiconductor company’s stock valued at $228,000 after purchasing an additional 110 shares during the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Price Performance

OLED opened at $142.01 on Friday. The business has a 50 day simple moving average of $143.19 and a 200-day simple moving average of $143.28. The stock has a market capitalization of $6.75 billion, a P/E ratio of 27.74, a P/E/G ratio of 4.11 and a beta of 1.50. Universal Display Corporation has a 12 month low of $103.70 and a 12 month high of $215.90.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data 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 firm had revenue of $171.79 million during the quarter, compared to analysts’ expectations of $161.58 million. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.10 earnings per share. Universal Display has set its FY 2025 guidance at EPS. Research analysts anticipate that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Zacks Research cut Universal Display from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Five investment 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.