Intech Investment Management LLC Increases Stock Holdings in Universal Display Corporation $OLED

Intech Investment Management LLC increased its stake in Universal Display Corporation (NASDAQ:OLED) by 12.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 106,871 shares of the semiconductor company’s stock after acquiring an additional 12,068 shares during the quarter. Intech Investment Management LLC’s holdings in Universal Display were worth $16,507,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in OLED. Rise Advisors LLC grew its position 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 purchasing an additional 87 shares during the period. Whittier Trust Co. purchased a new position in Universal Display in the 2nd quarter valued at about $30,000. Parkside Financial Bank & Trust boosted its holdings in Universal Display by 236.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 202 shares of the semiconductor company’s stock worth $31,000 after buying an additional 142 shares during the last quarter. Brooklyn Investment Group increased 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 worth $38,000 after buying an additional 134 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in Universal Display during the 2nd quarter worth approximately $39,000. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Stock Performance

NASDAQ:OLED opened at $116.83 on Friday. Universal Display Corporation has a one year low of $103.70 and a one year high of $173.45. The stock has a market cap of $5.55 billion, a PE ratio of 22.82, a P/E/G ratio of 4.38 and a beta of 1.60. The stock has a 50 day moving average price of $141.14 and a 200 day moving average price of $145.59.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.27). Universal Display had a return on equity of 15.82% and a net margin of 36.95%.The company had revenue of $139.61 million for the quarter, compared to analysts’ expectations of $165.56 million. During the same quarter in the prior year, the firm earned $1.40 EPS. The firm’s revenue was down 13.6% on a year-over-year basis. Universal Display has set its FY 2025 guidance at EPS. As a group, analysts predict that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.5%. The ex-dividend date is Wednesday, December 17th. Universal Display’s dividend payout ratio is presently 38.79%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OLED. Needham & Company LLC decreased their target price on Universal Display from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of Universal Display in a report on Wednesday, October 8th. Finally, Zacks Research raised shares of Universal Display from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $181.33.

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.