SG Americas Securities LLC Sells 4,680 Shares of Universal Display Corporation $OLED

SG Americas Securities LLC decreased its stake in Universal Display Corporation (NASDAQ:OLED) by 72.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,812 shares of the semiconductor company’s stock after selling 4,680 shares during the period. SG Americas Securities LLC’s holdings in Universal Display were worth $280,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rise Advisors LLC lifted its stake in 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 last quarter. Whittier Trust Co. bought a new stake in shares of Universal Display in the second quarter valued at $30,000. Parkside Financial Bank & Trust lifted its position in shares of Universal Display by 236.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 202 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 142 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of 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 acquiring an additional 134 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new stake in Universal Display in the 2nd quarter worth about $39,000. 78.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

OLED has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Universal Display in a report on Wednesday, October 8th. Zacks Research lowered shares of Universal Display from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Needham & Company LLC dropped their price target on shares of Universal Display from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Universal Display has a consensus rating of “Moderate Buy” and a consensus price target of $181.33.

Universal Display Trading Up 0.7%

Shares of NASDAQ:OLED opened at $119.03 on Friday. The company has a 50 day moving average of $136.30 and a 200 day moving average of $143.72. The stock has a market cap of $5.66 billion, a P/E ratio of 23.25, a P/E/G ratio of 4.38 and a beta of 1.60. Universal Display Corporation has a 12 month low of $103.70 and a 12 month high of $167.45.

Universal Display (NASDAQ:OLED) last announced 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). The firm had revenue of $139.61 million during the quarter, compared to the consensus estimate of $165.56 million. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The firm’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 earnings per share. Universal Display has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

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

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.