Universal Display Corporation (OLED) : Strid Group added new position in Universal Display Corporation during the most recent quarter end. The investment management firm now holds 3,500 shares of Universal Display Corporation which is valued at $252,945 , the company said in a statement filed on Jul 25, 2016 with the SEC.Universal Display Corporation makes up approximately 0.11% of Strid Group’s portfolio.
Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in OLED in the latest quarter, The investment management firm added 4,140 additional shares and now holds a total of 4,340 shares of Universal Display Corporation which is valued at $313,652. Universal Display Corporation makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Sigma Planning Corp reduced its stake in OLED by selling 5,606 shares or 24.14% in the most recent quarter. The Hedge Fund company now holds 17,614 shares of OLED which is valued at $1,207,792. Universal Display Corporation makes up approx 0.15% of Sigma Planning Corp’s portfolio. Acadian Asset Management sold out all of its stake in OLED during the most recent quarter. The investment firm sold 141 shares of OLED which is valued $9,822.Eqis Capital Management reduced its stake in OLED by selling 33 shares or 0.75% in the most recent quarter. The Hedge Fund company now holds 4,354 shares of OLED which is valued at $303,604. Universal Display Corporation makes up approx 0.02% of Eqis Capital Management’s portfolio.
Universal Display Corporation closed down -0.27 points or -0.38% at $70.84 with 3,40,676 shares getting traded on Friday. Post opening the session at $71.16, the shares hit an intraday low of $70.4926 and an intraday high of $71.7975 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Universal Display Corporation reported $0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.01. The company had revenue of $29.70 million for the quarter, compared to analysts expectations of $30.83 million. The company’s revenue was down -4.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.03 EPS.
Many Wall Street Analysts have commented on Universal Display Corporation. Company shares were Reiterated by Needham on May 25, 2016 to “Buy”, Firm has raised the Price Target to $ 69 from a previous price target of $62 .Universal Display Corporation was Upgraded by Goldman to ” Buy” on May 23, 2016. Gabelli & Co Downgraded Universal Display Corporation on May 6, 2016 to ” Hold”, Price Target of the shares are set at $51.
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.