Universal Display Corporation (OLED) : First Mercantile Trust Co reduced its stake in Universal Display Corporation by 14.8% during the most recent quarter end. The investment management company now holds a total of 17,944 shares of Universal Display Corporation which is valued at $942,598 after selling 3,117 shares in Universal Display Corporation , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Universal Display Corporation makes up approximately 0.13% of First Mercantile Trust Co’s portfolio.
Other Hedge Funds, Including , 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.Bnp Paribas Arbitrage Sa boosted its stake in OLED in the latest quarter, The investment management firm added 1,861 additional shares and now holds a total of 3,498 shares of Universal Display Corporation which is valued at $183,190.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 -0.04 points or -0.08% at $52.53 with 6,76,026 shares getting traded on Friday. Post opening the session at $52.5, the shares hit an intraday low of $52.16 and an intraday high of $53.13 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 $0.46 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.