Candriam S.C.A. Decreases Stake in Universal Display Corporation $OLED

Candriam S.C.A. lessened its stake in Universal Display Corporation (NASDAQ:OLED) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 196,017 shares of the semiconductor company’s stock after selling 3,467 shares during the quarter. Candriam S.C.A. owned about 0.41% of Universal Display worth $27,341,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new position in shares of Universal Display in the 4th quarter valued at approximately $29,000. Golden State Wealth Management LLC raised its position 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 valued at $33,000 after purchasing an additional 235 shares in the last quarter. Brooklyn Investment Group raised its position in shares of Universal Display by 98.5% during the 1st quarter. Brooklyn Investment Group now owns 270 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 134 shares in the last quarter. Global X Japan Co. Ltd. acquired a new stake in shares of Universal Display during the 1st quarter valued at approximately $49,000. Finally, Transce3nd LLC acquired a new stake in shares of Universal Display during the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Analyst Upgrades and Downgrades

OLED has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $170.00 target price on shares of Universal Display in a research report on Friday, May 2nd. Wall Street Zen raised Universal Display from a “sell” rating to a “hold” rating in a research note on Friday, May 2nd. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $190.43.

Universal Display Stock Down 0.3%

Shares of NASDAQ OLED opened at $140.29 on Thursday. The business’s 50 day moving average is $150.09 and its two-hundred day moving average is $144.42. The company has a market cap of $6.67 billion, a P/E ratio of 27.40, a P/E/G ratio of 1.50 and a beta of 1.47. Universal Display Corporation has a 12 month low of $103.70 and a 12 month high of $215.90.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $1.41 EPS for the quarter, beating the consensus estimate 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 return on equity of 15.82% and a net margin of 36.95%.Universal Display’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 EPS. Universal Display has set its FY 2025 guidance at EPS. Sell-side analysts expect that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a $0.45 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $1.80 annualized dividend and a yield of 1.3%. 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.