Universal Display Corporation (OLED) : Morgens Waterfall Vintiadis Co Inc has sold out all of its stake in Universal Display Corporation during the most recent quarter, according to the disclosure filed by the company on Oct 12, 2016 with the SEC. The investment management company has sold out 30,000 shares of Universal Display Corporation which is valued at $1,513,200.
Other Hedge Funds, Including , Eagle Asset Management Inc sold out all of its stake in OLED during the most recent quarter. The investment firm sold 330,311 shares of OLED which is valued $16,660,887.Cutler Group Lp boosted its stake in OLED in the latest quarter, The investment management firm added 9,517 additional shares and now holds a total of 14,956 shares of Universal Display Corporation which is valued at $796,407. Universal Display Corporation makes up approx 0.05% of Cutler Group Lp’s portfolio.Advisory Services Network boosted its stake in OLED in the latest quarter, The investment management firm added 78 additional shares and now holds a total of 6,838 shares of Universal Display Corporation which is valued at $359,200. Universal Display Corporation makes up approx 0.07% of Advisory Services Network’s portfolio. Simplex Trading added OLED to its portfolio by purchasing 2,834 company shares during the most recent quarter which is valued at $148,870. Universal Display Corporation makes up approx 0.02% of Simplex Trading’s portfolio.Eqis Capital Management reduced its stake in OLED by selling 307 shares or 7.05% in the most recent quarter. The Hedge Fund company now holds 4,047 shares of OLED which is valued at $211,941. Universal Display Corporation makes up approx 0.01% of Eqis Capital Management’s portfolio.
Universal Display Corporation closed down -2.81 points or -5.28% at $50.44 with 16,34,457 shares getting traded on Tuesday. Post opening the session at $53, the shares hit an intraday low of $49.22 and an intraday high of $53.2 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Universal Display Corporation reported $0.46 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.51. The company had revenue of $64.40 million for the quarter, compared to analysts expectations of $69.51 million. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.
Many Wall Street Analysts have commented on Universal Display Corporation. Universal Display Corporation was Downgraded by Needham to ” Hold” on Aug 5, 2016.
Universal Display Corporation is engaged in the research development and commercialization of organic light emitting diode (OLED) technologies and materials for use in displays for wearables smartphones tablets and televisions as well as solid-state lighting applications. The Company’s flat panel displays are used for a variety of portable consumer electronics products such as cell phones portable media devices digital cameras tablets and laptop computers. 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 provides technical assistance and support to these manufacturers. Its customers include LG Display Tohoku Pioneer and Konica Minolta among others.