Aviva PLC Has $479,000 Position in Universal Display Corporation $OLED

Aviva PLC decreased its position in shares of Universal Display Corporation (NASDAQ:OLED) by 21.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,100 shares of the semiconductor company’s stock after selling 836 shares during the period. Aviva PLC’s holdings in Universal Display were worth $479,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in OLED. Strs Ohio acquired a new position in shares of Universal Display during the 1st quarter worth $819,000. Intech Investment Management LLC grew its position in Universal Display by 174.3% in the first quarter. Intech Investment Management LLC now owns 94,803 shares of the semiconductor company’s stock valued at $13,223,000 after acquiring an additional 60,238 shares during the last quarter. Truist Financial Corp raised its stake in Universal Display by 0.5% during the second quarter. Truist Financial Corp now owns 40,882 shares of the semiconductor company’s stock worth $6,315,000 after acquiring an additional 190 shares in the last quarter. Stephens Inc. AR bought a new position in shares of Universal Display in the first quarter worth about $270,000. Finally, M&T Bank Corp lifted its holdings in shares of Universal Display by 13.0% in the first quarter. M&T Bank Corp now owns 2,215 shares of the semiconductor company’s stock worth $308,000 after acquiring an additional 255 shares during the last quarter. 78.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Needham & Company LLC lowered their price objective on shares of Universal Display from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Universal Display in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded Universal Display from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Universal Display has a consensus rating of “Moderate Buy” and an average price target of $181.33.

Universal Display Stock Performance

Shares of NASDAQ OLED opened at $117.05 on Friday. Universal Display Corporation has a 52-week low of $103.70 and a 52-week high of $173.45. The firm has a 50 day moving average price of $141.71 and a two-hundred day moving average price of $145.66. The stock has a market cap of $5.56 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 4.38 and a beta of 1.60.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.27). The business had revenue of $139.61 million for the quarter, compared to analyst estimates of $165.56 million. Universal Display had a return on equity of 15.82% and a net margin of 36.95%.Universal Display’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.40 EPS. Universal Display has set its FY 2025 guidance at EPS. Analysts predict that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Wednesday, December 17th. Universal Display’s dividend payout ratio (DPR) is 38.79%.

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.