Cetera Investment Advisers Boosts Holdings in Universal Display Corporation $OLED

Cetera Investment Advisers grew its stake in Universal Display Corporation (NASDAQ:OLED) by 15.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,153 shares of the semiconductor company’s stock after purchasing an additional 1,480 shares during the quarter. Cetera Investment Advisers’ holdings in Universal Display were worth $1,723,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Universal Display by 73.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,407,846 shares of the semiconductor company’s stock worth $614,806,000 after buying an additional 1,871,333 shares during the last quarter. Primecap Management Co. CA lifted its position in shares of Universal Display by 2.1% in the first quarter. Primecap Management Co. CA now owns 1,835,722 shares of the semiconductor company’s stock valued at $256,047,000 after acquiring an additional 38,590 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Universal Display by 64.4% in the first quarter. Raymond James Financial Inc. now owns 466,612 shares of the semiconductor company’s stock worth $65,083,000 after acquiring an additional 182,730 shares during the last quarter. Copeland Capital Management LLC increased its position in shares of Universal Display by 15.0% during the second quarter. Copeland Capital Management LLC now owns 457,396 shares of the semiconductor company’s stock worth $70,650,000 after purchasing an additional 59,640 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Universal Display by 5.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 358,612 shares of the semiconductor company’s stock valued at $50,019,000 after purchasing an additional 17,593 shares during the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Trading Up 0.7%

Universal Display stock opened at $119.03 on Monday. The company has a 50-day moving average price of $136.30 and a 200 day moving average price of $143.65. Universal Display Corporation has a 12-month low of $103.70 and a 12-month high of $167.45. The stock has a market cap of $5.66 billion, a P/E ratio of 23.25, a PEG ratio of 4.38 and a beta of 1.60.

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 the consensus estimate of $1.19 by ($0.27). The firm had revenue of $139.61 million during the quarter, compared to analysts’ expectations of $165.56 million. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The business’s quarterly revenue was down 13.6% on a year-over-year basis. During the same period last year, the company earned $1.40 EPS. Universal Display has set its FY 2025 guidance at EPS. As a group, analysts forecast that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend 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 Analysts Forecast Growth

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