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

Montanaro Asset Management Ltd reduced its stake in Universal Display Co. (NASDAQ:OLED - Free Report) by 39.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,260 shares of the semiconductor company's stock after selling 25,000 shares during the period. Montanaro Asset Management Ltd owned 0.08% of Universal Display worth $5,594,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of OLED. Glenmede Trust Co. NA raised its stake in Universal Display by 1.6% during the third quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company's stock valued at $1,269,000 after buying an additional 97 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Universal Display by 8.8% in the third quarter. BNP Paribas Financial Markets now owns 52,713 shares of the semiconductor company's stock worth $11,064,000 after purchasing an additional 4,269 shares during the last quarter. Cerity Partners LLC grew its position in Universal Display by 385.2% in the 3rd quarter. Cerity Partners LLC now owns 8,588 shares of the semiconductor company's stock worth $1,803,000 after purchasing an additional 6,818 shares during the period. Pacer Advisors Inc. raised its stake in Universal Display by 37.2% during the 4th quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company's stock valued at $3,983,000 after buying an additional 7,390 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Universal Display by 200.0% during the 3rd quarter. Stifel Financial Corp now owns 120,234 shares of the semiconductor company's stock valued at $25,237,000 after buying an additional 80,162 shares during the period. 78.19% of the stock is owned by institutional investors.

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Universal Display Price Performance

Shares of OLED stock traded down $7.39 on Monday, hitting $137.78. 168,205 shares of the stock traded hands, compared to its average volume of 508,312. Universal Display Co. has a 52 week low of $137.21 and a 52 week high of $237.00. The firm has a 50 day simple moving average of $149.47 and a two-hundred day simple moving average of $167.82. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 1.61 and a beta of 1.40.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.14. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The business had revenue of $162.29 million for the quarter, compared to analysts' expectations of $152.75 million. Sell-side analysts forecast that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.45 per share. This is a positive change from Universal Display's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Monday, March 17th. Universal Display's dividend payout ratio (DPR) is 38.71%.

Analyst Upgrades and Downgrades

OLED has been the topic of a number of recent research reports. Susquehanna lowered their target price on Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. StockNews.com upgraded shares of Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, March 21st. Oppenheimer cut their target price on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating for the company in a research report on Thursday, January 2nd. Roth Mkm increased their price target on shares of Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Needham & Company LLC cut their price objective on shares of Universal Display from $215.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $190.43.

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.