Peregrine Closes 50,000-Share OLED Position Worth $7.3 Million

Company Overview - Peregrine Investment Management is a small investment management firm with $161 million in assets under management and 19 holdings [1][3] - Universal Display is a leader in OLED technology, holding around 5,500 patents globally and focusing on licensing and material sales [2][3] Recent Developments - Peregrine fully liquidated its position in Universal Display, selling 50,560 shares valued at approximately $7.26 million as of November 6 [5][4] - Universal Display's stock price decreased by 18% over the past year, significantly underperforming the S&P 500 by 32.32 percentage points [4] Financial Performance - Universal Display experienced a challenging end to 2025, with a nearly 20% decline in stock price from October 1 to December 31, and reported a 14% year-over-year decrease in sales and a 34% decline in earnings [6][8] - The company is set to report its fourth-quarter and full-year earnings results for 2025 on February 19, 2026 [8] Strategic Moves - Despite recent challenges, Universal Display announced an agreement to acquire OLED patent assets from Merck KGaA, which includes over 300 patents with an average remaining lifetime of about 10 years [7]