True Wealth Design LLC Acquires New Position in Universal Display Co. (NASDAQ:OLED)

True Wealth Design LLC bought a new position in Universal Display Co. (NASDAQ:OLED) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 170 shares of the semiconductor company’s stock, valued at approximately $36,000.

Other institutional investors also recently modified their holdings of the company. Assetmark Inc. acquired a new stake in Universal Display during the third quarter valued at $29,000. Brooklyn Investment Group purchased a new stake in shares of Universal Display during the 3rd quarter worth about $30,000. V Square Quantitative Management LLC acquired a new stake in shares of Universal Display during the 3rd quarter valued at about $31,000. Nisa Investment Advisors LLC grew its stake in shares of Universal Display by 60.2% in the 3rd 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 in the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in Universal Display in the second quarter worth approximately $44,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

Insider Activity at Universal Display

In related news, Director Lawrence Lacerte acquired 742 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were bought at an average price of $180.89 per share, for a total transaction of $134,220.38. Following the acquisition, the director now owns 122,372 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Universal Display Price Performance

OLED stock opened at $164.52 on Monday. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 1.76 and a beta of 1.43. The company has a 50-day moving average of $190.97 and a two-hundred day moving average of $195.29. Universal Display Co. has a 52-week low of $148.75 and a 52-week high of $237.00.

Universal Display (NASDAQ:OLED) last announced 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 return on equity of 15.75% and a net margin of 36.98%. The firm had revenue of $161.63 million during the quarter, compared to the consensus estimate of $165.28 million. During the same quarter in the prior year, the company earned $1.08 EPS. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. Equities analysts expect that Universal Display Co. will post 4.8 EPS for the current fiscal year.

Universal Display Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Tuesday, December 17th. Universal Display’s dividend payout ratio (DPR) is currently 32.13%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Oppenheimer reduced their target price on shares of Universal Display from $240.00 to $220.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. TD Cowen reduced their price objective on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, Needham & Company LLC lowered their target price 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 six have assigned a buy rating to the company. According to MarketBeat.com, Universal Display has an average rating of “Moderate Buy” and an average price target of $215.63.

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.