Curbstone Financial Management Corp Lowers Holdings in Universal Display Corporation $OLED

Curbstone Financial Management Corp decreased its stake in Universal Display Corporation (NASDAQ:OLED) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,810 shares of the semiconductor company’s stock after selling 70 shares during the period. Curbstone Financial Management Corp’s holdings in Universal Display were worth $434,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in OLED. Rise Advisors LLC increased its holdings 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 worth $26,000 after buying an additional 87 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of 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 buying an additional 235 shares during the last quarter. Brooklyn Investment Group increased its holdings 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 buying an additional 134 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Universal Display by 79.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 276 shares of the semiconductor company’s stock worth $43,000 after buying an additional 122 shares during the last quarter. Finally, Banque Transatlantique SA bought a new position in shares of Universal Display in the 1st quarter worth $45,000. Institutional investors own 78.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on OLED. Zacks Research lowered shares of Universal Display from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Universal Display in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Universal Display currently has an average rating of “Moderate Buy” and a consensus price target of $190.43.

Universal Display Stock Performance

OLED stock opened at $149.00 on Friday. Universal Display Corporation has a 52 week low of $103.70 and a 52 week high of $214.57. The firm’s fifty day moving average is $142.21 and its 200 day moving average is $142.50. The firm has a market cap of $7.08 billion, a P/E ratio of 29.10, a P/E/G ratio of 4.37 and a beta of 1.55.

Universal Display (NASDAQ:OLED) last announced its quarterly 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 business had revenue of $171.79 million for the quarter, compared to analyst estimates 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 last year, the firm earned $1.10 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 company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 16th. Universal Display’s dividend payout ratio (DPR) is 35.16%.

Universal Display 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.