Lazard Freres Gestion S.A.S. Purchases New Shares in Universal Display Corporation $OLED

Lazard Freres Gestion S.A.S. purchased a new stake in shares of Universal Display Corporation (NASDAQ:OLED) during the 2nd quarter, Holdings Channel reports. The fund purchased 3,000 shares of the semiconductor company’s stock, valued at approximately $463,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rise Advisors LLC increased its stake in Universal Display by 87.9% in 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. purchased a new stake in Universal Display in the second quarter worth $30,000. Golden State Wealth Management LLC increased its stake in Universal Display by 4,700.0% in the first quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 235 shares during the period. Brooklyn Investment Group increased its stake in Universal Display by 98.5% in the first quarter. Brooklyn Investment Group now owns 270 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 134 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in Universal Display by 79.2% in the second quarter. Farther Finance Advisors LLC now owns 276 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 122 shares during the period. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Universal Display Price Performance

Shares of OLED stock opened at $149.22 on Friday. Universal Display Corporation has a 1-year low of $103.70 and a 1-year high of $214.57. The stock’s 50-day moving average is $142.84 and its 200 day moving average is $143.26. The company has a market cap of $7.09 billion, a P/E ratio of 29.14, a PEG ratio of 4.28 and a beta of 1.55.

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

Universal Display Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. Universal Display’s dividend payout ratio (DPR) is presently 35.16%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on OLED shares. Zacks Research upgraded Universal Display from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Universal Display in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Universal Display currently has an average rating of “Moderate Buy” and an average price target of $190.43.

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.