1,300 Shares in Universal Display Corporation $OLED Purchased by Baxter Bros Inc.

Baxter Bros Inc. purchased a new position in Universal Display Corporation (NASDAQ:OLED) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,300 shares of the semiconductor company’s stock, valued at approximately $201,000.

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

Analysts Set New Price Targets

OLED has been the subject of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Universal Display in a report on Wednesday. Zacks Research lowered Universal Display from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $190.43.

Universal Display Stock Performance

Shares of NASDAQ:OLED opened at $144.89 on Thursday. Universal Display Corporation has a one year low of $103.70 and a one year high of $214.57. The stock has a fifty day moving average of $141.84 and a 200-day moving average of $142.64. The company has a market capitalization of $6.89 billion, a PE ratio of 28.30, a price-to-earnings-growth ratio of 4.12 and a beta of 1.55.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $1.41 EPS for the quarter, beating 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 company had revenue of $171.79 million during the quarter, compared to the consensus estimate of $161.58 million. During the same quarter in the prior year, the firm earned $1.10 EPS. The company’s quarterly 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 forecast that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Dividend Announcement

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

Universal Display 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.