Flinton Capital Management LLC Purchases New Holdings in Universal Display Co. (OLED)

Flinton Capital Management LLC purchased a new stake in Universal Display Co. (NASDAQ:OLED) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,544 shares of the semiconductor company’s stock, valued at approximately $519,000.

Several other institutional investors and hedge funds also recently made changes to their positions in OLED. Ropes Wealth Advisors LLC purchased a new position in shares of Universal Display in the 4th quarter valued at about $25,000. Carroll Financial Associates Inc. purchased a new position in shares of Universal Display in the 4th quarter valued at about $42,000. ETF Managers Group LLC increased its holdings in shares of Universal Display by 17.5% in the 4th quarter. ETF Managers Group LLC now owns 1,308 shares of the semiconductor company’s stock valued at $122,000 after purchasing an additional 195 shares in the last quarter. Sheaff Brock Investment Advisors LLC purchased a new position in shares of Universal Display in the 3rd quarter valued at about $200,000. Finally, HCR Wealth Advisors purchased a new position in shares of Universal Display in the 3rd quarter valued at about $201,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Shares of NASDAQ OLED opened at $154.80 on Friday. The stock has a market cap of $7.34 billion, a PE ratio of 124.84, a PEG ratio of 2.37 and a beta of 1.44. Universal Display Co. has a 12 month low of $78.75 and a 12 month high of $156.90.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, February 21st. The semiconductor company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. The business had revenue of $70.14 million during the quarter, compared to the consensus estimate of $70.18 million. Universal Display had a net margin of 23.78% and a return on equity of 8.85%. The company’s quarterly revenue was down 39.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 earnings per share. As a group, research analysts predict that Universal Display Co. will post 2.17 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, March 14th. This is an increase from Universal Display’s previous quarterly dividend of $0.06. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.26%. Universal Display’s payout ratio is 19.35%.

In other news, Director Lawrence Lacerte sold 6,250 shares of Universal Display stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $145.52, for a total transaction of $909,500.00. Following the completion of the sale, the director now directly owns 325,000 shares in the company, valued at $47,294,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard C. Elias sold 1,250 shares of Universal Display stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $153.38, for a total transaction of $191,725.00. Following the sale, the director now owns 1,250 shares of the company’s stock, valued at $191,725. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

A number of brokerages have recently issued reports on OLED. ValuEngine upgraded shares of Universal Display from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 5th. Roth Capital increased their price target on shares of Universal Display from $128.00 to $172.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. Needham & Company LLC increased their price target on shares of Universal Display from $105.00 to $140.00 and gave the company a “buy” rating in a report on Friday, February 22nd. Deutsche Bank increased their price target on shares of Universal Display to $140.00 in a report on Friday, February 22nd. Finally, UBS Group restated an “outperform” rating and set a $140.00 target price on shares of Universal Display in a report on Friday, February 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $146.00.

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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 flat panel displays and solid-state lighting applications. As of February 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide.

Further Reading: Cost of equity and a company’s balance sheet

Institutional Ownership by Quarter for Universal Display (NASDAQ:OLED)

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