GSA Capital Partners LLP Has $220,000 Stake in Universal Display Co. (NASDAQ:OLED)

GSA Capital Partners LLP lessened its position in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 79.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in OLED. Nisa Investment Advisors LLC lifted its stake in Universal Display by 60.2% in the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company's stock valued at $36,000 after buying an additional 65 shares during the period. Red Spruce Capital LLC lifted its stake in Universal Display by 0.7% in the second quarter. Red Spruce Capital LLC now owns 11,146 shares of the semiconductor company's stock valued at $2,343,000 after buying an additional 76 shares during the period. CIBC Asset Management Inc lifted its stake in Universal Display by 7.6% in the second quarter. CIBC Asset Management Inc now owns 1,351 shares of the semiconductor company's stock valued at $284,000 after buying an additional 96 shares during the period. UMB Bank n.a. increased its holdings in shares of Universal Display by 42.1% in the third quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company's stock worth $68,000 after acquiring an additional 96 shares in the last quarter. Finally, Assetmark Inc. acquired a new stake in shares of Universal Display during the third quarter worth about $29,000. Institutional investors and hedge funds own 78.19% of the company's stock.

Insiders Place Their Bets

In other news, Director Lawrence Lacerte bought 742 shares of the company's stock in a transaction dated Monday, November 4th. The stock was bought at an average price of $180.89 per share, with a total value of $134,220.38. Following the completion of the acquisition, the director now owns 122,372 shares of the company's stock, valued at $22,135,871.08. This represents a 0.61 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.90% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Susquehanna raised their price objective on shares of Universal Display from $170.00 to $175.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Roth Mkm lifted their price target on Universal Display from $189.00 to $217.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Oppenheimer reduced their price objective on Universal Display from $240.00 to $220.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. TD Cowen decreased their price objective 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 decreased their price target on shares of Universal Display from $242.00 to $215.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $215.63.

Universal Display Trading Up 0.8 %

NASDAQ:OLED opened at $168.41 on Monday. Universal Display Co. has a 1-year low of $148.75 and a 1-year high of $237.00. The firm has a fifty day simple moving average of $195.31 and a 200 day simple moving average of $195.78. The stock has a market capitalization of $7.99 billion, a PE ratio of 33.82, a P/E/G ratio of 1.80 and a beta of 1.43.

Universal Display (NASDAQ:OLED - Get Free Report) last released its earnings results 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. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. The business had revenue of $161.63 million during the quarter, compared to analysts' expectations of $165.28 million. During the same period last year, the business earned $1.08 earnings per share. The firm's revenue was up 14.6% on a year-over-year basis. On average, equities analysts predict that Universal Display Co. will post 4.8 earnings per share for the current fiscal year.

Universal Display Announces Dividend

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

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.