Universal Display Corporation $OLED Shares Sold by Fortune Financial Advisors LLC

Fortune Financial Advisors LLC reduced its stake in shares of Universal Display Corporation (NASDAQ:OLED) by 15.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,000 shares of the semiconductor company’s stock after selling 367 shares during the quarter. Fortune Financial Advisors LLC’s holdings in Universal Display were worth $309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. TD Private Client Wealth LLC grew its position in shares of Universal Display by 5.2% during the second quarter. TD Private Client Wealth LLC now owns 15,392 shares of the semiconductor company’s stock worth $2,377,000 after acquiring an additional 754 shares during the last quarter. Norden Group LLC bought a new stake in shares of Universal Display during the second quarter valued at approximately $207,000. Cardinal Capital Management boosted its position in shares of Universal Display by 3.1% during the second quarter. Cardinal Capital Management now owns 10,429 shares of the semiconductor company’s stock worth $1,611,000 after buying an additional 309 shares during the period. GAMMA Investing LLC grew its holdings in Universal Display by 87.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,801 shares of the semiconductor company’s stock worth $278,000 after buying an additional 839 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in Universal Display in the 2nd quarter valued at approximately $585,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

Analyst Upgrades and Downgrades

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

Universal Display Stock Down 0.4%

Shares of Universal Display stock opened at $146.31 on Friday. The business has a fifty day simple moving average of $142.70 and a 200-day simple moving average of $143.04. Universal Display Corporation has a fifty-two week low of $103.70 and a fifty-two week high of $214.57. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of 28.58, a price-to-earnings-growth ratio of 4.31 and a beta of 1.50.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.18 by $0.23. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The firm had revenue of $171.79 million for the quarter, compared to analysts’ expectations of $161.58 million. During the same period in the previous year, the business earned $1.10 earnings per share. Universal Display’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. Analysts anticipate that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The firm also recently declared 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 1.2%. Universal Display’s payout ratio is 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.