Cetera Investment Advisers Boosts Stake in Universal Display Corporation $OLED

Cetera Investment Advisers raised its position in Universal Display Corporation (NASDAQ:OLED) by 15.3% during the second quarter, Holdings Channel reports. The firm owned 11,153 shares of the semiconductor company’s stock after buying an additional 1,480 shares during the quarter. Cetera Investment Advisers’ holdings in Universal Display were worth $1,723,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Universal Display by 73.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,407,846 shares of the semiconductor company’s stock valued at $614,806,000 after buying an additional 1,871,333 shares in the last quarter. Primecap Management Co. CA grew its position in Universal Display by 2.1% in 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 acquiring an additional 38,590 shares in the last quarter. Raymond James Financial Inc. increased its stake in Universal Display by 64.4% during the first quarter. Raymond James Financial Inc. now owns 466,612 shares of the semiconductor company’s stock worth $65,083,000 after purchasing an additional 182,730 shares during the period. Copeland Capital Management LLC increased its stake in Universal Display by 15.0% during the second quarter. Copeland Capital Management LLC now owns 457,396 shares of the semiconductor company’s stock worth $70,650,000 after purchasing an additional 59,640 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Universal Display by 5.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 358,612 shares of the semiconductor company’s stock worth $50,019,000 after purchasing an additional 17,593 shares in the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Trading Up 0.7%

Shares of NASDAQ:OLED opened at $119.03 on Monday. The company has a market cap of $5.66 billion, a PE ratio of 23.25, a P/E/G ratio of 4.38 and a beta of 1.60. The company’s 50 day moving average is $136.30 and its two-hundred day moving average is $143.65. Universal Display Corporation has a 52 week low of $103.70 and a 52 week high of $167.45.

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

Universal Display Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be paid a dividend of $0.45 per share. The ex-dividend date is Wednesday, December 17th. This represents a $1.80 annualized dividend and a yield of 1.5%. Universal Display’s payout ratio is presently 38.79%.

Analyst Upgrades and Downgrades

OLED has been the topic of several recent research reports. Zacks Research downgraded shares of Universal Display from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Weiss Ratings restated a “hold (c)” rating on shares of Universal Display in a research note on Wednesday, October 8th. Finally, Needham & Company LLC reduced their price objective on Universal Display from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $181.33.

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.