Universal Display Co. (OLED) Shares Bought by AMG National Trust Bank

AMG National Trust Bank raised its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,350 shares of the semiconductor company’s stock after purchasing an additional 1,250 shares during the quarter. AMG National Trust Bank’s holdings in Universal Display were worth $3,341,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Columbus Circle Investors lifted its position in shares of Universal Display by 24.1% during the third quarter. Columbus Circle Investors now owns 843,537 shares of the semiconductor company’s stock worth $108,690,000 after purchasing an additional 163,569 shares during the last quarter. Neuberger Berman Group LLC lifted its position in shares of Universal Display by 17.8% during the third quarter. Neuberger Berman Group LLC now owns 714,223 shares of the semiconductor company’s stock worth $92,028,000 after purchasing an additional 107,751 shares during the last quarter. TD Asset Management Inc. lifted its position in shares of Universal Display by 2.8% during the third quarter. TD Asset Management Inc. now owns 641,094 shares of the semiconductor company’s stock worth $82,605,000 after purchasing an additional 17,385 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Universal Display by 7.1% during the third quarter. Bank of New York Mellon Corp now owns 383,915 shares of the semiconductor company’s stock worth $49,468,000 after purchasing an additional 25,479 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Universal Display by 1.6% in the third quarter. Janus Henderson Group PLC now owns 372,320 shares of the semiconductor company’s stock valued at $47,991,000 after acquiring an additional 5,839 shares in the last quarter. Institutional investors and hedge funds own 64.42% of the company’s stock.

Several analysts recently weighed in on the company. Zacks Investment Research downgraded Universal Display from a “buy” rating to a “hold” rating in a report on Saturday, January 27th. BidaskClub downgraded Universal Display from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Deutsche Bank restated a “buy” rating and issued a $190.00 price objective on shares of Universal Display in a report on Thursday, January 25th. Susquehanna Bancshares lifted their price objective on Universal Display from $195.00 to $215.00 and gave the company a “positive” rating in a report on Friday, January 5th. Finally, Evercore ISI assumed coverage on Universal Display in a report on Thursday, November 30th. They issued an “outperform” rating and a $225.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. Universal Display presently has a consensus rating of “Hold” and a consensus target price of $164.80.

Universal Display Co. (NASDAQ OLED) opened at $159.15 on Thursday. The company has a market cap of $6,872.63, a PE ratio of 78.02 and a beta of 0.90. Universal Display Co. has a fifty-two week low of $66.65 and a fifty-two week high of $209.00.

In other Universal Display news, Chairman Sherwin I. Seligsohn sold 50,000 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $200.00, for a total value of $10,000,000.00. Following the completion of the transaction, the chairman now directly owns 143,119 shares in the company, valued at $28,623,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.20% of the company’s stock.

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Universal Display Company Profile

Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers.

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Institutional Ownership by Quarter for Universal Display (NASDAQ:OLED)

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