Linden Thomas Advisory Services LLC Has $1.89 Million Stake in Universal Display Corporation $OLED

Linden Thomas Advisory Services LLC cut its stake in shares of Universal Display Corporation (NASDAQ:OLED) by 0.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 12,216 shares of the semiconductor company’s stock after selling 103 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Universal Display were worth $1,887,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OLED. Rise Advisors LLC raised its position in shares of Universal Display by 87.9% in the 1st quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 87 shares in the last quarter. Whittier Trust Co. bought a new position in shares of Universal Display in the 2nd quarter worth about $30,000. Golden State Wealth Management LLC raised its position in shares of Universal Display by 4,700.0% in the 1st quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 235 shares in the last quarter. Brooklyn Investment Group increased its position in Universal Display by 98.5% in the 1st quarter. Brooklyn Investment Group now owns 270 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 134 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in 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. 78.19% of the stock is owned by institutional investors and hedge funds.

Universal Display Stock Down 1.5%

Shares of NASDAQ OLED opened at $147.01 on Friday. Universal Display Corporation has a twelve month low of $103.70 and a twelve month high of $214.57. The stock’s 50 day moving average price is $142.95 and its 200-day moving average price is $143.79. The company has a market capitalization of $6.99 billion, a PE ratio of 28.71, a PEG ratio of 4.31 and a beta of 1.55.

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, 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 firm had revenue of $171.79 million for the quarter, compared to the consensus estimate of $161.58 million. During the same quarter in the previous year, the business earned $1.10 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. Universal Display has set its FY 2025 guidance at EPS. As a group, research analysts expect that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently commented on OLED shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Universal Display in a research report on Friday. Zacks Research raised Universal Display from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.