Universal Display Co. (NASDAQ:OLED) Shares Acquired by Montag A & Associates Inc.

Montag A & Associates Inc. lifted its stake in Universal Display Co. (NASDAQ:OLED) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,193 shares of the semiconductor company’s stock after buying an additional 275 shares during the quarter. Montag A & Associates Inc.’s holdings in Universal Display were worth $1,758,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Universal Display in the fourth quarter worth about $25,000. Orion Capital Management LLC purchased a new stake in shares of Universal Display in the third quarter worth about $31,000. Rise Advisors LLC purchased a new stake in shares of Universal Display in the fourth quarter worth about $57,000. SRS Capital Advisors Inc. boosted its stake in shares of Universal Display by 282.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 310 shares of the semiconductor company’s stock worth $59,000 after buying an additional 229 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new stake in shares of Universal Display in the fourth quarter worth about $73,000. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Oppenheimer restated an “outperform” rating and issued a $200.00 target price (down previously from $210.00) on shares of Universal Display in a research note on Friday, February 23rd. Citigroup reiterated a “neutral” rating and set a $180.00 price target (up previously from $161.00) on shares of Universal Display in a research report on Friday, January 19th. TD Cowen increased their price target on Universal Display from $165.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $198.00 price target on shares of Universal Display in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.86.

Insider Activity at Universal Display

In related news, SVP Mauro Premutico sold 8,202 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $176.82, for a total transaction of $1,450,277.64. Following the completion of the transaction, the senior vice president now directly owns 28,743 shares of the company’s stock, valued at approximately $5,082,337.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Mauro Premutico sold 8,202 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $176.82, for a total transaction of $1,450,277.64. Following the completion of the transaction, the senior vice president now directly owns 28,743 shares of the company’s stock, valued at approximately $5,082,337.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Julia J. Brown sold 10,358 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $175.00, for a total value of $1,812,650.00. Following the transaction, the executive vice president now directly owns 56,624 shares of the company’s stock, valued at $9,909,200. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Universal Display Stock Down 0.8 %

Shares of NASDAQ OLED traded down $1.39 during midday trading on Thursday, hitting $173.76. The stock had a trading volume of 256,746 shares, compared to its average volume of 291,378. The company has a market capitalization of $8.24 billion, a PE ratio of 37.77, a P/E/G ratio of 1.85 and a beta of 1.44. The stock has a 50 day simple moving average of $163.57 and a 200-day simple moving average of $169.43. Universal Display Co. has a 1 year low of $133.67 and a 1 year high of $194.84.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, May 2nd. The semiconductor company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.14. The business had revenue of $165.26 million for the quarter, compared to the consensus estimate of $150.75 million. Universal Display had a return on equity of 15.57% and a net margin of 36.00%. The business’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 earnings per share. As a group, analysts expect that Universal Display Co. will post 4.74 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Universal Display’s dividend payout ratio is presently 34.78%.

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.