Coldstream Capital Management Inc. Invests $365,000 in Universal Display Co. (NASDAQ:OLED)

Coldstream Capital Management Inc. bought a new stake in Universal Display Co. (NASDAQ:OLED) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,740 shares of the semiconductor company’s stock, valued at approximately $365,000.

Other hedge funds have also bought and sold shares of the company. Assetmark Inc. bought a new stake in Universal Display during the third quarter worth about $29,000. Brooklyn Investment Group bought a new stake in Universal Display in the 3rd quarter worth approximately $30,000. V Square Quantitative Management LLC purchased a new stake in Universal Display in the third quarter worth approximately $31,000. True Wealth Design LLC bought a new position in Universal Display during the third quarter valued at approximately $36,000. Finally, Nisa Investment Advisors LLC lifted its holdings 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 worth $36,000 after acquiring an additional 65 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors.

Universal Display Price Performance

OLED opened at $162.80 on Monday. Universal Display Co. has a one year low of $148.75 and a one year high of $237.00. The business has a 50 day simple moving average of $181.26 and a two-hundred day simple moving average of $194.34. The firm has a market capitalization of $7.73 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 1.74 and a beta of 1.39.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.21. The company had revenue of $161.63 million during the quarter, compared to analyst estimates of $165.28 million. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The firm’s revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 earnings per share. As a group, sell-side analysts expect that Universal Display Co. will post 4.8 EPS for the current fiscal year.

Universal Display Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Tuesday, December 17th. Universal Display’s dividend payout ratio is currently 32.13%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OLED. Oppenheimer decreased their target price on shares of Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. TD Cowen lowered their target price on 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 reduced their price target on 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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $215.63.

Insider Buying and Selling

In other news, Director Lawrence Lacerte bought 742 shares of Universal Display stock in a transaction on Monday, November 4th. The shares were purchased 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 of the company’s stock, valued at approximately $22,135,871.08. The trade was a 0.61 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.90% of the stock is owned by insiders.

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.