Montag A & Associates Inc. Has $1.54 Million Holdings in Universal Display Corporation (NASDAQ:OLED)

Montag A & Associates Inc. decreased its position in Universal Display Corporation (NASDAQ:OLED - Free Report) by 13.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,038 shares of the semiconductor company's stock after selling 1,677 shares during the quarter. Montag A & Associates Inc.'s holdings in Universal Display were worth $1,540,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in OLED. CIBC Private Wealth Group LLC grew its holdings in shares of Universal Display by 5.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,615 shares of the semiconductor company's stock worth $245,000 after purchasing an additional 85 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Universal Display by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company's stock worth $1,475,000 after acquiring an additional 90 shares during the period. Bessemer Group Inc. boosted its holdings in Universal Display by 3.8% in the 1st quarter. Bessemer Group Inc. now owns 2,603 shares of the semiconductor company's stock worth $363,000 after acquiring an additional 95 shares during the period. Linden Thomas Advisory Services LLC boosted its holdings in Universal Display by 0.8% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 12,319 shares of the semiconductor company's stock worth $1,718,000 after acquiring an additional 96 shares during the period. Finally, Utah Retirement Systems boosted its holdings in Universal Display by 1.3% in the 4th quarter. Utah Retirement Systems now owns 7,820 shares of the semiconductor company's stock worth $1,143,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 78.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wall Street Zen raised Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and set a $170.00 price objective on shares of Universal Display in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $190.43.

Universal Display Stock Down 2.1%

Shares of NASDAQ OLED traded down $3.24 during mid-day trading on Thursday, hitting $148.68. 50,514 shares of the company traded hands, compared to its average volume of 669,196. Universal Display Corporation has a 1 year low of $103.70 and a 1 year high of $231.83. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 30.94, a PEG ratio of 1.64 and a beta of 1.51. The business has a 50 day moving average of $152.78 and a two-hundred day moving average of $145.21.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.28. Universal Display had a return on equity of 15.35% and a net margin of 35.40%. The company had revenue of $166.28 million during the quarter, compared to the consensus estimate of $154.76 million. During the same period last year, the business earned $1.19 EPS. The business's quarterly revenue was up .6% on a year-over-year basis. As a group, research analysts anticipate that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Monday, June 16th. Universal Display's dividend payout ratio (DPR) is currently 37.42%.

About Universal Display

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.