3,035 Shares in Universal Display Corporation $OLED Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC bought a new stake in shares of Universal Display Corporation (NASDAQ:OLED) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,035 shares of the semiconductor company’s stock, valued at approximately $469,000.

Several other large investors have also modified their holdings of the business. Impact Capital Partners LLC boosted its stake in shares of Universal Display by 1.4% during the second quarter. Impact Capital Partners LLC now owns 4,823 shares of the semiconductor company’s stock valued at $745,000 after purchasing an additional 67 shares in the last quarter. Parallel Advisors LLC raised its stake in Universal Display by 9.7% in the second quarter. Parallel Advisors LLC now owns 848 shares of the semiconductor company’s stock worth $131,000 after buying an additional 75 shares in the last quarter. Prudential PLC lifted its holdings in Universal Display by 2.1% during the first quarter. Prudential PLC now owns 4,109 shares of the semiconductor company’s stock worth $573,000 after buying an additional 83 shares during the period. Wealth Alliance LLC boosted its position in Universal Display by 4.0% during the 2nd quarter. Wealth Alliance LLC now owns 2,186 shares of the semiconductor company’s stock valued at $338,000 after acquiring an additional 85 shares in the last quarter. Finally, Rise Advisors LLC boosted its position in Universal Display by 87.9% during the 1st quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 87 shares in the last quarter. Institutional investors own 78.19% of the company’s stock.

Universal Display Stock Performance

Universal Display stock opened at $119.03 on Friday. The stock has a market cap of $5.66 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 4.38 and a beta of 1.60. The stock has a 50-day moving average of $136.30 and a two-hundred day moving average of $143.72. Universal Display Corporation has a one year low of $103.70 and a one year high of $167.45.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.27). The business had revenue of $139.61 million during the quarter, compared to analyst estimates of $165.56 million. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The firm’s quarterly revenue was down 13.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.40 earnings per share. Universal Display has set its FY 2025 guidance at EPS. As a group, sell-side 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 will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 17th. Universal Display’s dividend payout ratio is 38.79%.

Wall Street Analyst Weigh In

Several research firms have recently commented on OLED. Weiss Ratings reissued a “hold (c)” rating on shares of Universal Display in a research report on Wednesday, October 8th. Needham & Company LLC reduced their target price on shares of Universal Display from $170.00 to $150.00 and set a “buy” rating for the company in a report on Friday, November 7th. Finally, Zacks Research lowered shares of Universal Display from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently 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.