Universal Display Corporation $OLED is Avenir Corp’s 10th Largest Position

Avenir Corp raised its stake in Universal Display Corporation (NASDAQ:OLED) by 14.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 223,150 shares of the semiconductor company’s stock after purchasing an additional 28,277 shares during the quarter. Universal Display accounts for 3.5% of Avenir Corp’s investment portfolio, making the stock its 10th biggest holding. Avenir Corp owned about 0.47% of Universal Display worth $34,468,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of OLED. Rise Advisors LLC lifted its holdings in shares of Universal Display by 87.9% during the first quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 87 shares during the period. Whittier Trust Co. acquired a new position in Universal Display in the 2nd quarter valued at $30,000. Parkside Financial Bank & Trust raised its position in Universal Display by 236.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 202 shares of the semiconductor company’s stock worth $31,000 after buying an additional 142 shares during the last quarter. Brooklyn Investment Group lifted its stake in shares of Universal Display by 98.5% in the 1st quarter. Brooklyn Investment Group now owns 270 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 134 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Universal Display in the second quarter valued at about $39,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Price Performance

Shares of NASDAQ OLED opened at $118.18 on Friday. The firm’s 50-day moving average is $131.33 and its two-hundred day moving average is $141.79. The company has a market capitalization of $5.62 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 3.71 and a beta of 1.62. Universal Display Corporation has a 12-month low of $103.70 and a 12-month high of $165.00.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings data 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). Universal Display had a return on equity of 14.10% and a net margin of 34.65%.The business had revenue of $139.61 million for the quarter, compared to analysts’ expectations of $165.56 million. During the same period last year, the business earned $1.40 earnings per share. The company’s revenue for the quarter was down 13.6% on a year-over-year basis. On average, analysts forecast that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders 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 dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 17th. Universal Display’s payout ratio is 38.79%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Universal Display in a report on Wednesday, October 8th. Zacks Research cut Universal Display from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Needham & Company LLC cut their target price 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 research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.