GSA Capital Partners LLP Sells 3,961 Shares of Universal Display Co. (NASDAQ:OLED)

GSA Capital Partners LLP cut its stake in shares of Universal Display Co. (NASDAQ:OLED) by 79.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,049 shares of the semiconductor company’s stock after selling 3,961 shares during the quarter. GSA Capital Partners LLP’s holdings in Universal Display were worth $220,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in OLED. Assetmark Inc. acquired a new position in Universal Display in the third quarter valued at about $29,000. V Square Quantitative Management LLC acquired a new position in Universal Display in the third quarter worth $31,000. Nisa Investment Advisors LLC grew its holdings in shares of Universal Display by 60.2% during the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 65 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Universal Display in the second quarter valued at $44,000. Finally, Tortoise Investment Management LLC bought a new position in shares of Universal Display in the second quarter valued at about $47,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Stock Performance

OLED opened at $168.41 on Monday. The firm has a market capitalization of $7.99 billion, a PE ratio of 33.82, a PEG ratio of 1.80 and a beta of 1.43. Universal Display Co. has a 52-week low of $148.75 and a 52-week high of $237.00. The business’s 50-day simple moving average is $195.31 and its 200 day simple moving average is $195.78.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.21. The company had revenue of $161.63 million for the quarter, compared to analyst estimates of $165.28 million. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. Universal Display’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 EPS. On average, research analysts forecast that Universal Display Co. will post 4.8 earnings per share for the current year.

Universal Display Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Tuesday, December 17th. Universal Display’s payout ratio is presently 32.13%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Susquehanna boosted their target price on shares of Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Oppenheimer cut their price target on Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Roth Mkm boosted their target price on Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Needham & Company LLC lowered their price target on Universal Display from $242.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, TD Cowen cut their price objective on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $215.63.

Insider Buying and Selling

In other news, Director Lawrence Lacerte purchased 742 shares of Universal Display stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average cost of $180.89 per share, for a total transaction of $134,220.38. Following the purchase, the director now directly owns 122,372 shares of the company’s stock, valued at $22,135,871.08. This trade represents a 0.61 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is currently owned by insiders.

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.