Montag A & Associates Inc. Has $1.86 Million Stock Position in Universal Display Co. (NASDAQ:OLED)

Montag A & Associates Inc. cut its stake in Universal Display Co. (NASDAQ:OLED) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,715 shares of the semiconductor company’s stock after selling 276 shares during the period. Montag A & Associates Inc.’s holdings in Universal Display were worth $1,859,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Assetmark Inc. bought a new stake in Universal Display in the third quarter valued at $29,000. Brooklyn Investment Group bought a new stake in shares of Universal Display in the 3rd quarter worth about $30,000. V Square Quantitative Management LLC bought a new stake in shares of Universal Display in the 3rd quarter worth about $31,000. True Wealth Design LLC acquired a new stake in shares of Universal Display during the 3rd quarter worth about $36,000. Finally, Nisa Investment Advisors LLC lifted its holdings in Universal Display by 60.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 78.19% of the company’s stock.

Universal Display Stock Down 0.8 %

Shares of OLED stock opened at $142.50 on Monday. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 1.57 and a beta of 1.39. Universal Display Co. has a 12 month low of $140.17 and a 12 month high of $237.00. The stock has a 50-day moving average price of $149.60 and a 200 day moving average price of $174.89.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Oppenheimer dropped their price objective on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, January 2nd. The Goldman Sachs Group cut their price objective on Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. TD Cowen decreased their target price on Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $215.00 price target on shares of Universal Display in a report on Thursday, January 16th. Finally, Citigroup decreased their price objective on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $199.57.

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.