AMG National Trust Bank Buys 942 Shares of Universal Display Co. (NASDAQ:OLED)

AMG National Trust Bank lifted its stake in Universal Display Co. (NASDAQ:OLED) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,929 shares of the semiconductor company’s stock after acquiring an additional 942 shares during the period. AMG National Trust Bank’s holdings in Universal Display were worth $2,055,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Assetmark Inc. purchased a new position in Universal Display in the third quarter valued at about $29,000. Brooklyn Investment Group bought a new stake in shares of Universal Display in the 3rd quarter valued at about $30,000. Nisa Investment Advisors LLC grew its position in shares of Universal Display by 60.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock worth $36,000 after buying an additional 65 shares during the last quarter. True Wealth Design LLC bought a new position in shares of Universal Display during the 3rd quarter worth approximately $36,000. Finally, Blue Trust Inc. lifted its position in Universal Display by 401.9% during the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 209 shares during the last quarter. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Universal Display Stock Performance

NASDAQ OLED opened at $159.74 on Friday. The firm has a market capitalization of $7.58 billion, a P/E ratio of 34.35, a PEG ratio of 1.61 and a beta of 1.39. The stock has a 50-day simple moving average of $148.52 and a two-hundred day simple moving average of $172.43. Universal Display Co. has a fifty-two week low of $140.17 and a fifty-two week high of $237.00.

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

Universal Display Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, March 17th. This is an increase from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.13%. Universal Display’s dividend payout ratio is 38.71%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on OLED shares. StockNews.com lowered shares of Universal Display from a “hold” rating to a “sell” rating in a report on Friday. Roth Mkm upped their target price on Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Citigroup lowered their price target on Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Needham & Company LLC dropped their target price on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, Oppenheimer dropped their price target on Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Universal Display presently has a consensus rating of “Moderate Buy” and an average target price of $190.43.

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.