Clear Creek Financial Management LLC Raises Position in Universal Display Corporation $OLED

Clear Creek Financial Management LLC grew its position in Universal Display Corporation (NASDAQ:OLED) by 79.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 5,385 shares of the semiconductor company’s stock after purchasing an additional 2,386 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Universal Display were worth $832,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in Universal Display by 5.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 139,646 shares of the semiconductor company’s stock worth $19,478,000 after buying an additional 6,604 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Universal Display by 44.2% in the first quarter. Envestnet Asset Management Inc. now owns 286,320 shares of the semiconductor company’s stock worth $39,936,000 after buying an additional 87,801 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Universal Display in the first quarter worth about $242,000. DAVENPORT & Co LLC purchased a new position in Universal Display in the first quarter worth about $377,000. Finally, GAMMA Investing LLC raised its holdings in Universal Display by 134.1% in the first quarter. GAMMA Investing LLC now owns 962 shares of the semiconductor company’s stock worth $134,000 after buying an additional 551 shares during the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Stock Down 3.3%

Shares of OLED stock opened at $137.40 on Friday. The company has a 50 day moving average price of $141.64 and a 200-day moving average price of $142.46. The firm has a market capitalization of $6.53 billion, a PE ratio of 26.84, a P/E/G ratio of 4.17 and a beta of 1.55. Universal Display Corporation has a 52 week low of $103.70 and a 52 week 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, beating the consensus estimate of $1.18 by $0.23. The company had revenue of $171.79 million during the quarter, compared to analyst estimates of $161.58 million. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.10 earnings per share. 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 year.

Universal Display Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently commented on OLED. Weiss Ratings reiterated a “hold (c)” rating on shares of Universal Display in a research note on Wednesday. Zacks Research lowered 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 given a Hold rating to the company. According to data from MarketBeat, Universal Display presently 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.