Universal Display Corporation $OLED Shares Purchased by Truist Financial Corp

Truist Financial Corp grew its position in shares of Universal Display Corporation (NASDAQ:OLED) by 0.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,882 shares of the semiconductor company’s stock after buying an additional 190 shares during the period. Truist Financial Corp owned about 0.09% of Universal Display worth $6,315,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. HB Wealth Management LLC acquired a new stake in shares of Universal Display during the 2nd quarter valued at approximately $236,000. TD Private Client Wealth LLC increased its stake in Universal Display by 5.2% during the second quarter. TD Private Client Wealth LLC now owns 15,392 shares of the semiconductor company’s stock valued at $2,377,000 after purchasing an additional 754 shares during the last quarter. Norden Group LLC acquired a new stake in shares of Universal Display during the second quarter worth $207,000. Cardinal Capital Management lifted its position in shares of Universal Display by 3.1% in the 2nd quarter. Cardinal Capital Management now owns 10,429 shares of the semiconductor company’s stock worth $1,611,000 after buying an additional 309 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Universal Display by 87.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,801 shares of the semiconductor company’s stock worth $278,000 after buying an additional 839 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on OLED shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Universal Display in a research report on Saturday, September 27th. Zacks Research downgraded Universal Display from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $190.43.

Universal Display Stock Up 2.1%

Universal Display stock opened at $146.87 on Tuesday. Universal Display Corporation has a 52-week low of $103.70 and a 52-week high of $214.57. The firm has a market capitalization of $6.98 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 4.22 and a beta of 1.55. The firm has a 50-day moving average price of $142.01 and a two-hundred day moving average price of $142.64.

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, beating analysts’ consensus estimates of $1.18 by $0.23. The company had revenue of $171.79 million for the quarter, compared to analysts’ expectations of $161.58 million. Universal Display had a return on equity of 15.82% and a net margin of 36.95%.The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 earnings per share. Universal Display has set its FY 2025 guidance at EPS. Research analysts expect that Universal Display Corporation will post 4.71 earnings per share for the current year.

Universal Display Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.80 annualized dividend and a yield of 1.2%. 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.