Bayforest Capital Ltd Sells 556 Shares of Universal Display Corporation $OLED

Bayforest Capital Ltd lessened its stake in Universal Display Corporation (NASDAQ:OLED) by 74.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 194 shares of the semiconductor company’s stock after selling 556 shares during the period. Bayforest Capital Ltd’s holdings in Universal Display were worth $30,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in OLED. TD Asset Management Inc bought a new stake in shares of Universal Display during the 2nd quarter valued at $1,421,000. Envestnet Portfolio Solutions Inc. grew its position in shares of Universal Display by 55.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,147 shares of the semiconductor company’s stock valued at $1,722,000 after acquiring an additional 3,960 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of Universal Display during the 2nd quarter valued at $205,000. Vest Financial LLC grew its position in shares of Universal Display by 36.5% during the 2nd quarter. Vest Financial LLC now owns 27,236 shares of the semiconductor company’s stock valued at $4,207,000 after acquiring an additional 7,277 shares during the period. Finally, Apollon Wealth Management LLC grew its position in shares of Universal Display by 8.7% during the 2nd quarter. Apollon Wealth Management LLC now owns 5,660 shares of the semiconductor company’s stock valued at $874,000 after acquiring an additional 452 shares during the period. Institutional investors own 78.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OLED. Weiss Ratings reissued a “hold (c)” rating on shares of Universal Display in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Universal Display from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.43.

Universal Display Stock Performance

Shares of Universal Display stock opened at $149.00 on Friday. The company has a market capitalization of $7.08 billion, a P/E ratio of 29.10, a P/E/G ratio of 4.37 and a beta of 1.55. The company has a fifty day moving average of $142.21 and a 200 day moving average of $142.50. Universal Display Corporation has a fifty-two week low of $103.70 and a fifty-two week high of $214.57.

Universal Display (NASDAQ:OLED) last issued its earnings results on Thursday, July 31st. The semiconductor company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.23. The company had revenue of $171.79 million during 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%. Universal Display’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS. Universal Display has set its FY 2025 guidance at EPS. Analysts forecast that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Announces Dividend

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

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.