Montag A & Associates Inc. Boosts Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Montag A & Associates Inc. grew its position in shares of Universal Display Co. (NASDAQ:OLED) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,193 shares of the semiconductor company’s stock after acquiring 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 filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of OLED. TimesSquare Capital Management LLC boosted its holdings in shares of Universal Display by 327.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 198,899 shares of the semiconductor company’s stock worth $38,041,000 after buying an additional 152,374 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Universal Display by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 315,465 shares of the semiconductor company’s stock worth $60,336,000 after buying an additional 6,943 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Universal Display in the 4th quarter worth about $25,000. SRS Capital Advisors Inc. boosted its holdings in shares of Universal Display by 282.7% in the 4th 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, Natixis Advisors L.P. boosted its holdings in shares of Universal Display by 1.8% in the 4th quarter. Natixis Advisors L.P. now owns 12,501 shares of the semiconductor company’s stock worth $2,391,000 after buying an additional 218 shares during the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on OLED. TD Cowen upped their price objective on shares of Universal Display from $165.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $198.00 price objective on shares of Universal Display in a report on Friday, May 3rd. Oppenheimer reaffirmed an “outperform” rating and set a $200.00 price objective (down from $210.00) on shares of Universal Display in a report on Friday, February 23rd. Finally, Citigroup reaffirmed a “neutral” rating and set a $180.00 price objective (up from $161.00) on shares of Universal Display in a report on Friday, January 19th. Two research 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 has a consensus rating of “Moderate Buy” and a consensus price target of $199.86.

Universal Display Price Performance

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

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.14. The company had revenue of $165.26 million for the quarter, compared to analysts’ expectations of $150.75 million. Universal Display had a net margin of 36.00% and a return on equity of 15.57%. Universal Display’s revenue for the quarter was up 26.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 earnings per share. Sell-side analysts forecast that Universal Display Co. will post 4.74 EPS for the current fiscal year.

Universal Display Announces Dividend

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

Insider Buying and Selling

In related news, SVP Mauro Premutico sold 8,202 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $176.82, for a total value of $1,450,277.64. Following the transaction, the senior vice president now directly owns 28,743 shares in the company, valued at $5,082,337.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Universal Display news, EVP Julia J. Brown sold 10,358 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 56,624 shares of the company’s stock, valued at $9,909,200. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mauro Premutico sold 8,202 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $176.82, for a total value of $1,450,277.64. Following the completion of the sale, the senior vice president now directly owns 28,743 shares of the company’s stock, valued at approximately $5,082,337.26. The disclosure for this sale can be found here. 1.90% of the stock is owned by company 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.