3,483 Shares in Universal Display Corporation $OLED Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in Universal Display Corporation (NASDAQ:OLED) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,483 shares of the semiconductor company’s stock, valued at approximately $538,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OLED. Kayne Anderson Rudnick Investment Management LLC boosted its position in Universal Display by 73.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,407,846 shares of the semiconductor company’s stock worth $614,806,000 after purchasing an additional 1,871,333 shares in the last quarter. Primecap Management Co. CA grew its stake in Universal Display by 2.1% during the 1st quarter. Primecap Management Co. CA now owns 1,835,722 shares of the semiconductor company’s stock valued at $256,047,000 after purchasing an additional 38,590 shares in the last quarter. Raymond James Financial Inc. grew its stake in Universal Display by 64.4% during the 1st quarter. Raymond James Financial Inc. now owns 466,612 shares of the semiconductor company’s stock valued at $65,083,000 after purchasing an additional 182,730 shares in the last quarter. Copeland Capital Management LLC raised its position in shares of Universal Display by 15.0% in the 2nd quarter. Copeland Capital Management LLC now owns 457,396 shares of the semiconductor company’s stock valued at $70,650,000 after purchasing an additional 59,640 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Universal Display by 0.5% during the 1st quarter. Bank of New York Mellon Corp now owns 439,874 shares of the semiconductor company’s stock valued at $61,354,000 after buying an additional 2,282 shares during the last quarter. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on OLED. Weiss Ratings reiterated a “hold (c)” rating on shares of Universal Display in a research note on Wednesday, October 8th. Needham & Company LLC cut their target price on Universal Display from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Zacks Research upgraded shares of Universal Display from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $181.33.

Universal Display Price Performance

Shares of NASDAQ:OLED opened at $135.34 on Friday. The stock has a market capitalization of $6.43 billion, a P/E ratio of 26.43, a P/E/G ratio of 4.38 and a beta of 1.60. The business has a 50-day moving average of $143.66 and a two-hundred day moving average of $145.65. Universal Display Corporation has a fifty-two week low of $103.70 and a fifty-two week high of $189.58.

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). Universal Display had a net margin of 36.95% and a return on equity of 15.82%. During the same period last year, the company posted $1.40 EPS. Universal Display’s revenue for the quarter was down 13.6% compared to the same quarter last year. Universal Display has set its FY 2025 guidance at EPS. As a group, research analysts expect that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 17th. Universal Display’s dividend payout ratio (DPR) is 35.16%.

About Universal Display

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.