Vest Financial LLC Boosts Holdings in Universal Display Corporation $OLED

Vest Financial LLC increased its stake in shares of Universal Display Corporation (NASDAQ:OLED) by 36.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,236 shares of the semiconductor company’s stock after buying an additional 7,277 shares during the period. Vest Financial LLC owned about 0.06% of Universal Display worth $4,207,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rise Advisors LLC raised 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 in the last quarter. Golden State Wealth Management LLC raised its stake in shares of Universal Display by 4,700.0% during the first 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 raised its stake in shares of Universal Display by 98.5% during the first quarter. Brooklyn Investment Group now owns 270 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 134 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Universal Display by 79.2% during the second quarter. Farther Finance Advisors LLC now owns 276 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 122 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Universal Display by 79.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 307 shares of the semiconductor company’s stock worth $47,000 after buying an additional 136 shares during the period. Institutional investors own 78.19% of the company’s stock.

Universal Display Trading Up 4.9%

Shares of Universal Display stock opened at $144.20 on Tuesday. The company’s fifty day simple moving average is $141.66 and its two-hundred day simple moving average is $142.34. The company has a market cap of $6.85 billion, a P/E ratio of 28.16, a PEG ratio of 4.03 and a beta of 1.55. Universal Display Corporation has a 12-month low of $103.70 and a 12-month high of $214.57.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.23. The business had revenue of $171.79 million for the quarter, compared to the consensus estimate of $161.58 million. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.10 EPS. Universal Display has set its FY 2025 guidance at EPS. Analysts predict that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders 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 yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 16th. Universal Display’s payout ratio is presently 35.16%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on OLED shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Universal Display in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Universal Display from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Universal Display currently has a consensus rating of “Moderate Buy” and an average 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.