Universal Display Corporation (OLED) : Edmond De Rothschild Asset Management (luxembourg) added new position in Universal Display Corporation during the most recent quarter end. The investment management firm now holds 7,400 shares of Universal Display Corporation which is valued at $441,484 , the company said in a statement filed on Aug 10, 2016 with the SEC.Universal Display Corporation makes up approximately 0.33% of Edmond De Rothschild Asset Management (luxembourg)’s portfolio.
Other Hedge Funds, Including , Td Asset Management Inc reduced its stake in OLED by selling 2,986 shares or 0.32% in the most recent quarter. The Hedge Fund company now holds 930,681 shares of OLED which is valued at $60,140,606. Universal Display Corporation makes up approx 0.11% of Td Asset Management Inc’s portfolio.Rothschild Investment Corp Il reduced its stake in OLED by selling 22,665 shares or 52.18% in the most recent quarter. The Hedge Fund company now holds 20,775 shares of OLED which is valued at $1,424,542. Universal Display Corporation makes up approx 0.18% of Rothschild Investment Corp Il’s portfolio. North Star Investment Management Corp. sold out all of its stake in OLED during the most recent quarter. The investment firm sold 1,000 shares of OLED which is valued $68,690.
Universal Display Corporation opened for trading at $61.29 and hit $64.33 on the upside on Friday, eventually ending the session at $62.3, with a gain of 1.75% or 1.07 points. The heightened volatility saw the trading volume jump to 13,19,319 shares. Company has a market cap of $2,925 M.
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. 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.
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.