Domini Social Investments Lowers stake in Universal Display Corporation (OLED)

Universal Display Corporation (OLED) : Domini Social Investments reduced its stake in Universal Display Corporation by 10.52% during the most recent quarter end. The investment management company now holds a total of 7,874 shares of Universal Display Corporation which is valued at $416,141 after selling 926 shares in Universal Display Corporation , the firm said in a disclosure report filed with the SEC on May 12, 2016.Universal Display Corporation makes up approximately 11.35% of Domini Social Investments’s portfolio.

Other Hedge Funds, Including , Hussman Strategic Advisors sold out all of its stake in OLED during the most recent quarter. The investment firm sold 50,000 shares of OLED which is valued $2.6 Million.Blackrock Fund Advisors reduced its stake in OLED by selling 37,055 shares or 3.67% in the most recent quarter. The Hedge Fund company now holds 972,754 shares of OLED which is valued at $51.4 Million. Universal Display Corporation makes up approx 0.01% of Blackrock Fund Advisors’s portfolio.

Universal Display Corporation opened for trading at $53.9 and hit $56.81 on the upside on Friday, eventually ending the session at $56.41, with a gain of 5.72% or 3.05 points. The heightened volatility saw the trading volume jump to 6,68,932 shares. Company has a market cap of $2,642,696 M.

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. Gabelli & Co Downgraded Universal Display Corporation on May 6, 2016 to ” Hold”, Price Target of the shares are set at $51.Company shares were Reiterated by Canaccord Genuity on Apr 18, 2016 to “Hold”, Firm has raised the Price Target to $ 55 from a previous price target of $46 .Shares were Reiterated by Needham on Feb 26, 2016 to “Buy” and Lowered the Price Target to $ 57 from a previous price target of $62 .

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.

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