Koshinski Asset Management Inc. Sells 208 Shares of Universal Display Corporation $OLED

Koshinski Asset Management Inc. reduced its stake in Universal Display Corporation (NASDAQ:OLED) by 8.7% in the second quarter, Holdings Channel.com reports. The fund owned 2,190 shares of the semiconductor company’s stock after selling 208 shares during the period. Koshinski Asset Management Inc.’s holdings in Universal Display were worth $338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in OLED. Rise Advisors LLC boosted its holdings 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 worth $26,000 after acquiring an additional 87 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of Universal Display by 4,700.0% in 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 during the period. Brooklyn Investment Group boosted its holdings in shares of Universal Display by 98.5% in 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 during the period. Farther Finance Advisors LLC boosted its holdings in shares of Universal Display by 79.2% in 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 during the period. Finally, Banque Transatlantique SA bought a new position in shares of Universal Display in the first quarter worth $45,000. 78.19% of the stock is owned by institutional investors.

Universal Display Stock Performance

NASDAQ:OLED opened at $151.38 on Tuesday. The firm has a market capitalization of $7.20 billion, a price-to-earnings ratio of 29.57, a P/E/G ratio of 4.37 and a beta of 1.55. Universal Display Corporation has a 52-week low of $103.70 and a 52-week high of $214.57. The stock has a fifty day moving average of $142.52 and a 200 day moving average of $142.94.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $161.58 million. During the same quarter last year, the company earned $1.10 earnings per share. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. Universal Display has set its FY 2025 guidance at EPS. Equities analysts forecast that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Universal Display Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Zacks Research lowered Universal Display from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Universal Display in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s 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 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.