Universal Display Corporation $OLED Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lowered its stake in Universal Display Corporation (NASDAQ:OLED) by 12.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 770 shares of the semiconductor company’s stock after selling 114 shares during the quarter. Fifth Third Bancorp’s holdings in Universal Display were worth $119,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of OLED. Rise Advisors LLC lifted its position in Universal Display by 87.9% in the first quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 87 shares during the last quarter. Golden State Wealth Management LLC lifted its position in Universal Display by 4,700.0% in the first quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 235 shares during the last quarter. Brooklyn Investment Group lifted its position in Universal Display by 98.5% in the first quarter. Brooklyn Investment Group now owns 270 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 134 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Universal Display by 79.2% in the second quarter. Farther Finance Advisors LLC now owns 276 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 122 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new position in Universal Display in the first quarter valued at about $45,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Price Performance

Shares of NASDAQ:OLED opened at $144.27 on Thursday. The firm has a market capitalization of $6.86 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 4.21 and a beta of 1.55. The firm’s 50-day moving average is $142.24 and its two-hundred day moving average is $142.94. Universal Display Corporation has a 1 year low of $103.70 and a 1 year high of $214.57.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.23. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The company had revenue of $171.79 million for the quarter, compared to analyst estimates of $161.58 million. During the same period in the prior year, the firm earned $1.10 earnings per share. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. Universal Display has set its FY 2025 guidance at EPS. 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 was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, September 16th. Universal Display’s dividend payout ratio is presently 35.16%.

Analysts Set New Price Targets

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 given a Hold rating to the stock. Based on data from MarketBeat.com, Universal Display presently has a consensus rating of “Moderate Buy” and an average price target of $190.43.

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.