Entropy Technologies LP Purchases 16,145 Shares of Universal Display Corporation $OLED

Entropy Technologies LP lifted its position in Universal Display Corporation (NASDAQ:OLED) by 462.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,633 shares of the semiconductor company’s stock after buying an additional 16,145 shares during the quarter. Entropy Technologies LP’s holdings in Universal Display were worth $2,293,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of Universal Display by 3.1% in the third quarter. JPMorgan Chase & Co. now owns 472,363 shares of the semiconductor company’s stock worth $67,846,000 after purchasing an additional 14,356 shares during the period. Aquatic Capital Management LLC boosted its position in shares of Universal Display by 891.6% in the third quarter. Aquatic Capital Management LLC now owns 28,588 shares of the semiconductor company’s stock valued at $4,106,000 after acquiring an additional 25,705 shares during the period. AI Squared Management Ltd acquired a new stake in shares of Universal Display in the third quarter worth $5,515,000. Systematic Financial Management LP increased its position in Universal Display by 40.2% during the fourth quarter. Systematic Financial Management LP now owns 196,515 shares of the semiconductor company’s stock worth $22,949,000 after acquiring an additional 56,320 shares during the period. Finally, Handelsbanken Fonder AB increased its position in Universal Display by 348.4% during the third quarter. Handelsbanken Fonder AB now owns 54,704 shares of the semiconductor company’s stock worth $7,857,000 after acquiring an additional 42,504 shares during the period. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OLED has been the subject of a number of research analyst reports. Oppenheimer cut their price objective on shares of Universal Display from $160.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. The Goldman Sachs Group set a $135.00 price target on Universal Display in a report on Tuesday, April 21st. Wall Street Zen upgraded Universal Display from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Needham & Company LLC decreased their price objective on Universal Display from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Universal Display in a research report on Monday, March 23rd. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Universal Display currently has a consensus rating of “Hold” and a consensus price target of $130.60.

Universal Display Stock Performance

OLED opened at $92.97 on Tuesday. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 20.75 and a beta of 1.54. Universal Display Corporation has a twelve month low of $83.64 and a twelve month high of $162.36. The firm’s 50-day simple moving average is $93.20 and its 200-day simple moving average is $105.93.

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

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $0.50 dividend. 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 (DPR) is presently 44.64%.

About Universal Display

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.