TD Private Client Wealth LLC Grows Position in Universal Display Corporation $OLED

TD Private Client Wealth LLC lifted its position in shares of Universal Display Corporation (NASDAQ:OLED) by 5.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,392 shares of the semiconductor company’s stock after purchasing an additional 754 shares during the quarter. TD Private Client Wealth LLC’s holdings in Universal Display were worth $2,377,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Norden Group LLC bought a new stake in shares of Universal Display during the 2nd quarter valued at $207,000. Cardinal Capital Management lifted its position in Universal Display by 3.1% during the 2nd quarter. Cardinal Capital Management now owns 10,429 shares of the semiconductor company’s stock valued at $1,611,000 after acquiring an additional 309 shares during the period. GAMMA Investing LLC boosted its stake in Universal Display by 87.2% during the second quarter. GAMMA Investing LLC now owns 1,801 shares of the semiconductor company’s stock worth $278,000 after acquiring an additional 839 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new stake in Universal Display in the second quarter worth about $585,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Universal Display by 79.2% during the second quarter. Farther Finance Advisors LLC now owns 276 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 122 shares in the last quarter. Institutional investors own 78.19% of the company’s stock.

Universal Display Stock Down 0.1%

NASDAQ:OLED opened at $146.93 on Thursday. The stock has a market cap of $6.98 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 4.31 and a beta of 1.50. The company’s 50 day moving average price is $142.80 and its 200-day moving average price is $143.11. Universal Display Corporation has a 52 week low of $103.70 and a 52 week high of $214.57.

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

Universal Display Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, September 16th. Universal Display’s dividend payout ratio (DPR) is presently 35.16%.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Universal Display from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.43.

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.