Inspire Investing LLC Purchases New Position in Universal Display Co. (NASDAQ:OLED)

Inspire Investing LLC purchased a new stake in Universal Display Co. (NASDAQ:OLED) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,160 shares of the semiconductor company’s stock, valued at approximately $462,000.

Other institutional investors have also bought and sold shares of the company. Assetmark Inc. acquired a new stake in Universal Display in the 3rd quarter valued at $29,000. Brooklyn Investment Group acquired a new stake in Universal Display in the 3rd quarter valued at $30,000. V Square Quantitative Management LLC acquired a new stake in Universal Display in the 3rd quarter valued at $31,000. Nisa Investment Advisors LLC boosted its stake in 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, True Wealth Design LLC acquired a new stake in Universal Display in the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

Insider Activity

In related news, Director Lawrence Lacerte bought 742 shares of the business’s stock in a transaction on 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 completion of the purchase, 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.90% of the stock is currently owned by insiders.

Universal Display Stock Up 2.0 %

Shares of OLED opened at $150.70 on Friday. Universal Display Co. has a 12-month low of $143.25 and a 12-month high of $237.00. The firm has a market capitalization of $7.15 billion, a PE ratio of 30.26, a price-to-earnings-growth ratio of 1.62 and a beta of 1.40. The stock’s fifty day simple moving average is $155.11 and its 200-day simple moving average is $183.86.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) 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 business had revenue of $161.63 million for the quarter, compared to analyst estimates of $165.28 million. During the same quarter in the prior year, the firm posted $1.08 earnings per share. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. Analysts anticipate that Universal Display Co. will post 4.77 EPS for the current year.

Universal Display Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Tuesday, December 17th. Universal Display’s dividend payout ratio (DPR) is presently 32.13%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $215.00 price objective on shares of Universal Display in a research report on Thursday, January 16th. Oppenheimer cut their price objective 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. Finally, TD Cowen cut their price objective on Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $212.50.

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.