GAMMA Investing LLC Sells 515 Shares of Universal Display Co. (NASDAQ:OLED)

GAMMA Investing LLC trimmed its position in Universal Display Co. (NASDAQ:OLED) by 55.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 411 shares of the semiconductor company’s stock after selling 515 shares during the quarter. GAMMA Investing LLC’s holdings in Universal Display were worth $60,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of OLED. B. Riley Wealth Advisors Inc. boosted its holdings in Universal Display by 35.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,759 shares of the semiconductor company’s stock valued at $369,000 after purchasing an additional 461 shares during the period. Synovus Financial Corp lifted its stake in shares of Universal Display by 41.3% in the third quarter. Synovus Financial Corp now owns 8,277 shares of the semiconductor company’s stock valued at $1,738,000 after buying an additional 2,419 shares during the period. Tidal Investments LLC lifted its stake in shares of Universal Display by 9.2% in the third quarter. Tidal Investments LLC now owns 7,037 shares of the semiconductor company’s stock valued at $1,477,000 after buying an additional 595 shares during the period. Wilmington Savings Fund Society FSB boosted its stake in Universal Display by 2.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 4,272 shares of the semiconductor company’s stock worth $897,000 after buying an additional 118 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Universal Display in the third quarter valued at about $2,356,000. 78.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OLED has been the subject of several analyst reports. Oppenheimer cut their target price on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, January 2nd. TD Cowen dropped their price target on Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Needham & Company LLC reduced their price target on shares of Universal Display from $242.00 to $215.00 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 five have given a buy rating to the company. Based on data from MarketBeat.com, Universal Display currently has a consensus rating of “Moderate Buy” and an average target price of $207.86.

Universal Display Trading Down 2.4 %

Shares of NASDAQ OLED opened at $148.07 on Monday. Universal Display Co. has a 1 year low of $145.26 and a 1 year high of $237.00. The firm’s 50-day moving average is $160.63 and its 200-day moving average is $188.12. The firm has a market capitalization of $7.03 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 1.74 and a beta of 1.40.

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

Universal Display Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.08%. The ex-dividend date was Tuesday, December 17th. Universal Display’s payout ratio is 32.13%.

Insider Transactions at Universal Display

In related news, Director Lawrence Lacerte bought 742 shares of the company’s stock in a transaction on Monday, November 4th. The shares were purchased at an average cost of $180.89 per share, for a total transaction of $134,220.38. Following the acquisition, the director now owns 122,372 shares of the company’s stock, valued at approximately $22,135,871.08. This represents a 0.61 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.90% of the company’s stock.

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.