Creative Planning Purchases 2,239 Shares of Universal Display Corporation $OLED

Creative Planning raised its holdings in shares of Universal Display Corporation (NASDAQ:OLED) by 12.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,847 shares of the semiconductor company’s stock after acquiring an additional 2,239 shares during the period. Creative Planning’s holdings in Universal Display were worth $3,066,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Rise Advisors LLC boosted its stake in shares of Universal Display by 87.9% in the 1st quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 87 shares in the last quarter. Whittier Trust Co. purchased a new position in Universal Display in the 2nd quarter worth $30,000. Parkside Financial Bank & Trust lifted its stake in Universal Display by 236.7% in the second quarter. Parkside Financial Bank & Trust now owns 202 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 142 shares during the last quarter. Brooklyn Investment Group boosted its position in Universal Display by 98.5% during 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 period. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Universal Display in the second quarter worth about $39,000. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Price Performance

NASDAQ OLED opened at $113.73 on Monday. Universal Display Corporation has a 1 year low of $103.70 and a 1 year high of $173.45. The stock has a market capitalization of $5.41 billion, a PE ratio of 22.21, a PEG ratio of 4.38 and a beta of 1.60. The business’s 50-day moving average is $138.35 and its 200 day moving average is $144.79.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.27). The business had revenue of $139.61 million during the quarter, compared to analysts’ expectations of $165.56 million. Universal Display had a return on equity of 15.82% and a net margin of 36.95%.The company’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.40 EPS. Universal Display has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Universal Display Corporation will post 4.71 earnings per share for the current year.

Universal Display Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, December 17th. This represents a $1.80 annualized dividend and a yield of 1.6%. Universal Display’s payout ratio is 38.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on OLED shares. Zacks Research lowered Universal Display from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Universal Display in a research note on Wednesday, October 8th. Finally, Needham & Company LLC dropped their price objective on Universal Display from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Universal Display has a consensus rating of “Moderate Buy” and an average target price of $181.33.

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.