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

GSA Capital Partners LLP lessened its stake in shares of Universal Display Co. (NASDAQ:OLED) by 79.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund 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 SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Primecap Management Co. CA increased its position in Universal Display by 0.4% during the 2nd quarter. Primecap Management Co. CA now owns 1,895,017 shares of the semiconductor company’s stock valued at $398,427,000 after purchasing an additional 7,435 shares during the period. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Universal Display during the second quarter worth about $127,668,000. Van ECK Associates Corp raised its stake in shares of Universal Display by 27.2% in the third quarter. Van ECK Associates Corp now owns 507,440 shares of the semiconductor company’s stock worth $101,914,000 after purchasing an additional 108,394 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Universal Display by 27.3% during the second quarter. Dimensional Fund Advisors LP now owns 469,570 shares of the semiconductor company’s stock worth $98,725,000 after buying an additional 100,809 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in Universal Display by 66.6% in the 1st quarter. Janus Henderson Group PLC now owns 434,029 shares of the semiconductor company’s stock valued at $73,099,000 after buying an additional 173,496 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, Director Lawrence Lacerte bought 742 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were purchased at an average price of $180.89 per share, with a total value of $134,220.38. Following the purchase, the director now owns 122,372 shares of the company’s stock, valued at approximately $22,135,871.08. This trade represents a 0.61 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.90% of the company’s stock.

Universal Display Stock Performance

Universal Display stock opened at $168.41 on Monday. The firm’s fifty day moving average price is $195.31 and its 200-day moving average price is $195.78. The stock has a market cap of $7.99 billion, a P/E ratio of 33.82, a price-to-earnings-growth ratio of 1.80 and a beta of 1.43. Universal Display Co. has a fifty-two week low of $148.75 and a fifty-two week high of $237.00.

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

Universal Display Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, December 17th. Universal Display’s dividend payout ratio (DPR) is currently 32.13%.

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.