Universal Display Corporation $OLED Position Trimmed by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of Universal Display Corporation (NASDAQ:OLED) by 3.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 21,980 shares of the semiconductor company’s stock after selling 737 shares during the period. Mutual of America Capital Management LLC’s holdings in Universal Display were worth $3,395,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of OLED. Rise Advisors LLC grew its stake in Universal Display by 87.9% during the 1st 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 grew its stake in Universal Display by 4,700.0% during the 1st 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 grew its stake in 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. Farther Finance Advisors LLC grew its stake in shares of Universal Display by 79.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 276 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 122 shares in the last quarter. Finally, Banque Transatlantique SA bought a new stake in shares of Universal Display in the 1st quarter valued at approximately $45,000. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on OLED shares. Weiss Ratings reissued a “hold (c)” rating on shares of Universal Display in a research note on Wednesday, October 8th. Zacks Research raised Universal Display from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Universal Display has an average rating of “Moderate Buy” and an average target price of $190.43.

Universal Display Stock Up 2.2%

Shares of Universal Display stock opened at $149.22 on Friday. The stock has a market capitalization of $7.09 billion, a P/E ratio of 29.14, a PEG ratio of 4.28 and a beta of 1.55. The stock has a 50 day moving average price of $142.84 and a two-hundred day moving average price of $143.26. Universal Display Corporation has a 12-month low of $103.70 and a 12-month high of $214.57.

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

Universal Display Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. Universal Display’s dividend payout ratio is presently 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.