AMG National Trust Bank Has $4.11 Million Holdings in Universal Display Co. (NASDAQ:OLED)

AMG National Trust Bank decreased its stake in Universal Display Co. (NASDAQ:OLED) by 6.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,530 shares of the semiconductor company’s stock after selling 1,343 shares during the period. AMG National Trust Bank’s holdings in Universal Display were worth $4,106,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SageView Advisory Group LLC acquired a new stake in Universal Display in the 1st quarter worth $1,179,000. Van ECK Associates Corp increased its stake in Universal Display by 18.3% during the fourth quarter. Van ECK Associates Corp now owns 270,184 shares of the semiconductor company’s stock valued at $51,676,000 after acquiring an additional 41,795 shares during the period. Weiss Asset Management LP bought a new position in Universal Display during the fourth quarter valued at about $1,602,000. Montag A & Associates Inc. raised its holdings in Universal Display by 28.9% in the 1st quarter. Montag A & Associates Inc. now owns 11,848 shares of the semiconductor company’s stock valued at $1,996,000 after acquiring an additional 2,655 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in shares of Universal Display by 172.0% in the 1st quarter. Tidal Investments LLC now owns 6,246 shares of the semiconductor company’s stock worth $1,052,000 after acquiring an additional 3,950 shares during the period. Institutional investors own 78.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on OLED shares. Susquehanna raised their target price on Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Needham & Company LLC upped their price objective on Universal Display from $198.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. The Goldman Sachs Group increased their target price on Universal Display from $208.00 to $243.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Roth Mkm increased their price objective on Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Oppenheimer lifted their price target on shares of Universal Display from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, July 3rd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Universal Display currently has an average rating of “Moderate Buy” and an average price target of $225.88.

Universal Display Price Performance

Shares of OLED stock traded up $4.12 during trading hours on Friday, reaching $194.12. 356,516 shares of the company were exchanged, compared to its average volume of 502,970. The company has a market cap of $9.21 billion, a price-to-earnings ratio of 42.20, a P/E/G ratio of 2.04 and a beta of 1.42. The stock’s fifty day moving average is $205.60 and its two-hundred day moving average is $183.24. Universal Display Co. has a fifty-two week low of $133.67 and a fifty-two week high of $237.00.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, August 1st. The semiconductor company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). The firm had revenue of $158.50 million for the quarter, compared to the consensus estimate of $159.46 million. Universal Display had a return on equity of 15.25% and a net margin of 35.74%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 EPS. On average, research analysts anticipate that Universal Display Co. will post 4.79 earnings per share for the current year.

Universal Display Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.40 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.82%. Universal Display’s dividend payout ratio (DPR) is currently 34.78%.

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.