Universal Display Corporation $OLED Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC decreased its position in Universal Display Corporation (NASDAQ:OLED) by 1.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 7,663 shares of the semiconductor company’s stock after selling 114 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Universal Display were worth $1,184,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC grew 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 buying an additional 87 shares in the last quarter. Golden State Wealth Management LLC grew its stake in Universal Display by 4,700.0% in the 1st quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 235 shares during the period. Brooklyn Investment Group grew its stake in 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. Farther Finance Advisors LLC raised its holdings in Universal Display by 79.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 276 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 122 shares during the last quarter. Finally, Banque Transatlantique SA purchased a new position in shares of Universal Display during the 1st quarter worth $45,000. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on OLED shares. Zacks Research downgraded Universal Display from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Universal Display in a research note on Wednesday, October 8th. Five investment 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.com, Universal Display has a consensus rating of “Moderate Buy” and an average target price of $190.43.

Universal Display Price Performance

Universal Display stock opened at $149.00 on Friday. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 4.37 and a beta of 1.55. Universal Display Corporation has a 12 month low of $103.70 and a 12 month high of $214.57. The stock’s 50-day moving average is $142.21 and its 200-day moving average is $142.50.

Universal Display (NASDAQ:OLED) last posted its earnings results on Thursday, July 31st. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.23. The firm had revenue of $171.79 million during the quarter, compared to the consensus estimate of $161.58 million. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 EPS. Universal Display has set its FY 2025 guidance at EPS. Research analysts anticipate that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, September 16th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. Universal Display’s payout ratio is presently 35.16%.

About Universal Display

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.