Entropy Technologies LP Has $2.29 Million Holdings in Universal Display Corporation $OLED

Entropy Technologies LP grew its holdings in Universal Display Corporation (NASDAQ:OLED) by 462.9% during the 4th quarter, Holdings Channel reports. The firm owned 19,633 shares of the semiconductor company’s stock after purchasing an additional 16,145 shares during the period. Entropy Technologies LP’s holdings in Universal Display were worth $2,293,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in Universal Display by 309.8% in the third quarter. Smartleaf Asset Management LLC now owns 209 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 158 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in Universal Display during the 3rd quarter worth $33,000. Jones Financial Companies Lllp grew its holdings in Universal Display by 104.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 388 shares of the semiconductor company’s stock worth $58,000 after acquiring an additional 198 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Universal Display during the 2nd quarter valued at $62,000. Finally, RHL Group LLC acquired a new position in shares of Universal Display in the 4th quarter valued at $60,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on OLED shares. Oppenheimer reduced their price target on Universal Display from $160.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Universal Display in a research note on Monday, March 23rd. Roth Mkm set a $168.00 target price on Universal Display in a research report on Friday, May 1st. The Goldman Sachs Group set a $135.00 price target on Universal Display in a research note on Tuesday, April 21st. Finally, Zacks Research downgraded shares of Universal Display from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $130.60.

Universal Display Stock Up 1.7%

NASDAQ OLED opened at $92.97 on Tuesday. The firm’s 50 day moving average is $93.20 and its 200-day moving average is $105.93. The company has a market capitalization of $4.35 billion, a PE ratio of 20.75 and a beta of 1.54. Universal Display Corporation has a 12-month low of $83.64 and a 12-month high of $162.36.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, April 30th. The semiconductor company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.37). Universal Display had a net margin of 34.08% and a return on equity of 12.34%. The business had revenue of $142.21 million during the quarter, compared to the consensus estimate of $161.23 million. During the same period last year, the business posted $1.35 EPS. The firm’s revenue for the quarter was down 14.5% on a year-over-year basis. As a group, sell-side analysts expect that Universal Display Corporation will post 4.23 EPS for the current year.

Universal Display Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.2%. The ex-dividend date is Tuesday, June 16th. Universal Display’s dividend payout ratio is presently 44.64%.

Universal Display Company Profile

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.