Universal Display Corporation $OLED Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its position in shares of Universal Display Corporation (NASDAQ:OLED) by 630.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 13,640 shares of the semiconductor company’s stock after acquiring an additional 11,773 shares during the quarter. GSA Capital Partners LLP’s holdings in Universal Display were worth $1,593,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lido Advisors LLC increased its position in Universal Display by 1.7% in the third quarter. Lido Advisors LLC now owns 5,783 shares of the semiconductor company’s stock worth $831,000 after buying an additional 95 shares during the period. Sigma Planning Corp increased its position in Universal Display by 1.0% in the fourth quarter. Sigma Planning Corp now owns 10,390 shares of the semiconductor company’s stock worth $1,210,000 after buying an additional 103 shares during the period. Certuity LLC increased its position in Universal Display by 4.3% in the third quarter. Certuity LLC now owns 2,556 shares of the semiconductor company’s stock worth $367,000 after buying an additional 105 shares during the period. U.S. Capital Wealth Advisors LLC increased its position in Universal Display by 2.8% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 3,869 shares of the semiconductor company’s stock worth $452,000 after buying an additional 107 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in Universal Display by 5.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,999 shares of the semiconductor company’s stock worth $287,000 after buying an additional 108 shares during the period. 78.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OLED has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Universal Display in a research report on Monday, March 23rd. Needham & Company LLC dropped their target price on Universal Display from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Oppenheimer dropped their target price on Universal Display from $160.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Wall Street Zen raised Universal Display from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Finally, The Goldman Sachs Group set a $135.00 target price on Universal Display in a research report on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $130.60.

Universal Display Stock Down 2.0%

Shares of OLED stock opened at $87.61 on Wednesday. The stock has a 50-day simple moving average of $94.23 and a 200 day simple moving average of $110.39. Universal Display Corporation has a fifty-two week low of $83.64 and a fifty-two week high of $163.21. The stock has a market capitalization of $4.10 billion, a P/E ratio of 19.56 and a beta of 1.54.

Universal Display (NASDAQ:OLED) last announced its earnings results on Thursday, April 30th. The semiconductor company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.37). Universal Display had a net margin of 34.08% and a return on equity of 12.34%. The firm had revenue of $142.21 million for the quarter, compared to the consensus estimate of $161.23 million. During the same period in the prior year, the business earned $1.35 EPS. The company’s quarterly revenue was down 14.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Universal Display Corporation will post 4.4 earnings per share for the current year.

Universal Display Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $0.50 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. Universal Display’s dividend payout ratio (DPR) is 44.64%.

About Universal Display

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.