Montanaro Asset Management Ltd Sells 25,000 Shares of Universal Display Co. (NASDAQ:OLED)

Montanaro Asset Management Ltd decreased its stake in shares of Universal Display Co. (NASDAQ:OLED) by 39.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 38,260 shares of the semiconductor company’s stock after selling 25,000 shares during the quarter. Montanaro Asset Management Ltd’s holdings in Universal Display were worth $5,594,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in OLED. Raymond James Financial Inc. bought a new position in Universal Display during the fourth quarter valued at about $41,504,000. Jennison Associates LLC grew its holdings in shares of Universal Display by 58.2% during the 4th quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company’s stock worth $99,975,000 after purchasing an additional 251,557 shares in the last quarter. Barclays PLC increased its position in shares of Universal Display by 753.8% during the third quarter. Barclays PLC now owns 212,518 shares of the semiconductor company’s stock valued at $44,608,000 after purchasing an additional 187,627 shares during the period. Southpoint Capital Advisors LP raised its stake in shares of Universal Display by 46.0% in the third quarter. Southpoint Capital Advisors LP now owns 365,000 shares of the semiconductor company’s stock valued at $76,614,000 after purchasing an additional 115,000 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Universal Display by 95.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 189,603 shares of the semiconductor company’s stock worth $27,720,000 after purchasing an additional 92,410 shares during the period. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Trading Down 0.2 %

NASDAQ OLED opened at $151.93 on Thursday. Universal Display Co. has a 1-year low of $140.17 and a 1-year high of $237.00. The company has a 50 day moving average of $149.50 and a 200-day moving average of $168.70. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 32.67, a PEG ratio of 1.61 and a beta of 1.40.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. The firm had revenue of $162.29 million during the quarter, compared to analysts’ expectations of $152.75 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. On average, analysts forecast that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.45 per share. This is an increase from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, March 17th. This represents a $1.80 annualized dividend and a yield of 1.18%. Universal Display’s dividend payout ratio is 38.71%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on OLED shares. Roth Mkm increased their price objective on shares of Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Susquehanna dropped their price target on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. The Goldman Sachs Group decreased their price objective on Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Citigroup dropped their target price on Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Finally, Needham & Company LLC decreased their price target on Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $190.43.

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.