HB Wealth Management LLC Makes New Investment in Universal Display Corporation $OLED

HB Wealth Management LLC acquired a new position in Universal Display Corporation (NASDAQ:OLED) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,531 shares of the semiconductor company’s stock, valued at approximately $236,000.

A number of other hedge funds have also recently added to or reduced their stakes in OLED. Kayne Anderson Rudnick Investment Management LLC boosted 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 worth $614,806,000 after purchasing an additional 1,871,333 shares during the period. Brown Advisory Inc. bought a new stake in Universal Display in the first quarter valued at $72,327,000. FengHe Fund Management Pte. Ltd. bought a new stake in Universal Display in the first quarter valued at $41,147,000. Raymond James Financial Inc. lifted 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 valued at $65,083,000 after buying an additional 182,730 shares during the last quarter. Finally, Segall Bryant & Hamill LLC lifted its stake in Universal Display by 134.1% in the first quarter. Segall Bryant & Hamill LLC now owns 213,004 shares of the semiconductor company’s stock valued at $29,710,000 after buying an additional 121,998 shares during the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Trading Down 4.4%

Shares of Universal Display stock opened at $140.39 on Wednesday. The company’s 50-day moving average price is $141.87 and its two-hundred day moving average price is $142.63. Universal Display Corporation has a 52 week low of $103.70 and a 52 week high of $214.57. The stock has a market cap of $6.67 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 4.31 and a beta of 1.55.

Universal Display (NASDAQ:OLED) last issued its quarterly 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 net margin of 36.95% and a return on equity of 15.82%. The firm had revenue of $171.79 million for the quarter, compared to analysts’ expectations of $161.58 million. During the same period in the previous year, the business earned $1.10 earnings per share. Universal Display’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. On average, equities analysts predict that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a $0.45 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $1.80 annualized dividend and a yield of 1.3%. Universal Display’s payout ratio is 35.16%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on OLED shares. Zacks Research cut Universal Display from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Universal Display in a research note on Saturday, September 27th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average 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.