Vestmark Advisory Solutions Inc. Lowers Stock Holdings in Universal Display Corporation $OLED

Vestmark Advisory Solutions Inc. lowered its position in shares of Universal Display Corporation (NASDAQ:OLED) by 50.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,147 shares of the semiconductor company’s stock after selling 37,103 shares during the period. Vestmark Advisory Solutions Inc. owned about 0.08% of Universal Display worth $5,738,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake 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 worth $39,936,000 after buying an additional 87,801 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Universal Display in the 1st quarter worth $242,000. Teacher Retirement System of Texas raised its position in Universal Display by 21.7% in the 1st quarter. Teacher Retirement System of Texas now owns 10,555 shares of the semiconductor company’s stock worth $1,472,000 after purchasing an additional 1,884 shares during the period. Strs Ohio bought a new stake in Universal Display in the first quarter worth $819,000. Finally, Intech Investment Management LLC lifted its stake in Universal Display by 174.3% in the first quarter. Intech Investment Management LLC now owns 94,803 shares of the semiconductor company’s stock worth $13,223,000 after purchasing an additional 60,238 shares during the last quarter. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Universal Display Stock Performance

NASDAQ OLED opened at $124.93 on Friday. The stock has a market cap of $5.94 billion, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 4.38 and a beta of 1.60. Universal Display Corporation has a fifty-two week low of $103.70 and a fifty-two week high of $182.77. The stock has a 50 day simple moving average of $143.39 and a two-hundred day simple moving average of $145.72.

Universal Display (NASDAQ:OLED) last posted its earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.27). The business had revenue of $139.61 million for the quarter, compared to analysts’ expectations of $165.56 million. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. Universal Display’s quarterly revenue was down 13.6% on a year-over-year basis. During the same period last year, the firm posted $1.40 earnings per share. Universal Display has set its FY 2025 guidance at EPS. Sell-side analysts predict that Universal Display Corporation will post 4.71 earnings per share for the current year.

Universal Display Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, December 17th. This represents a $1.80 annualized dividend and a dividend yield of 1.4%. Universal Display’s payout ratio is currently 35.16%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OLED. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Universal Display in a research note on Wednesday, October 8th. Needham & Company LLC dropped their target price on Universal Display from $170.00 to $150.00 and set a “buy” rating for the company in a report on Friday. Finally, Zacks Research raised Universal Display from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, four have assigned 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 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.