Williams & Novak LLC Invests $462,000 in Universal Display Corporation $OLED

Williams & Novak LLC bought a new position in shares of Universal Display Corporation (NASDAQ:OLED) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,988 shares of the semiconductor company’s stock, valued at approximately $462,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rise Advisors LLC raised its holdings in shares of Universal Display by 87.9% in the first quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 87 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in shares of 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 valued at $33,000 after acquiring an additional 235 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of Universal Display by 98.5% in the first 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. Farther Finance Advisors LLC raised its holdings in shares of Universal Display by 79.2% in the second quarter. Farther Finance Advisors LLC now owns 276 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 122 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Universal Display by 79.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 307 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 136 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors.

Universal Display Stock Performance

Shares of OLED stock opened at $137.40 on Friday. 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 capitalization of $6.53 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 4.17 and a beta of 1.55. The stock’s 50-day simple moving average is $141.64 and its 200-day simple moving average is $142.46.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results 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 return on equity of 15.82% and a net margin of 36.95%.The business had revenue of $171.79 million for the quarter, compared to analyst estimates of $161.58 million. During the same quarter in the previous year, the firm earned $1.10 earnings per share. The company’s revenue was up 8.4% on a year-over-year basis. Universal Display has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Universal Display Corporation will post 4.71 earnings per share for the current year.

Universal Display Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. Universal Display’s payout ratio is presently 35.16%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Universal Display in a research note on Wednesday. Zacks Research lowered Universal Display from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Universal Display currently has an average rating of “Moderate Buy” and an average target price of $190.43.

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.