TD Asset Management Inc Takes $1.42 Million Position in Universal Display Corporation $OLED

TD Asset Management Inc acquired a new stake in shares of Universal Display Corporation (NASDAQ:OLED) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 9,199 shares of the semiconductor company’s stock, valued at approximately $1,421,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rise Advisors LLC boosted its stake in shares of Universal Display by 87.9% during the first quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 87 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Universal Display by 4,700.0% during the first 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 boosted its stake in shares of Universal Display by 98.5% during the first quarter. Brooklyn Investment Group now owns 270 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 134 shares in the last quarter. Farther Finance Advisors LLC boosted 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. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Universal Display by 79.5% during 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 in the last quarter. 78.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OLED has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Universal Display in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Universal Display from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $190.43.

Universal Display Stock Down 2.5%

Shares of OLED opened at $145.97 on Thursday. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 28.51, a price-to-earnings-growth ratio of 4.39 and a beta of 1.55. Universal Display Corporation has a twelve month low of $103.70 and a twelve month high of $214.57. The company has a 50 day moving average of $142.73 and a two-hundred day moving average of $143.01.

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

Universal Display Announces Dividend

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

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.