S Squared Technology LLC Invests $11.78 Billion in Universal Display Corporation $OLED

S Squared Technology LLC purchased a new stake in shares of Universal Display Corporation (NASDAQ:OLED) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 136,000 shares of the semiconductor company’s stock, valued at approximately $11,776,240,000. Universal Display accounts for 3.7% of S Squared Technology LLC’s portfolio, making the stock its 9th biggest holding. S Squared Technology LLC owned 0.30% of Universal Display as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. XXEC Inc. purchased a new position in Universal Display during the 2nd quarter worth approximately $2,508,286,000. BlackRock Inc. purchased a new stake in shares of Universal Display in the second quarter valued at $373,931,000. Norges Bank purchased a new stake in shares of Universal Display in the fourth quarter valued at $92,756,000. JPMorgan Chase & Co. boosted its position in shares of Universal Display by 86.4% in the fourth quarter. JPMorgan Chase & Co. now owns 880,678 shares of the semiconductor company’s stock worth $102,846,000 after buying an additional 408,315 shares during the period. Finally, Analog Century Management LP purchased a new position in shares of Universal Display during the fourth quarter valued at $46,914,000. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Susquehanna reduced their price objective on Universal Display from $110.00 to $90.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Zacks Research raised Universal Display from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 13th. Citigroup dropped their target price on Universal Display from $100.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Needham & Company LLC reduced their price target on shares of Universal Display from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Finally, BTIG Research lowered shares of Universal Display to a “neutral” rating in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $116.33.

Universal Display Trading Down 1.3%

NASDAQ OLED opened at $84.71 on Tuesday. Universal Display Corporation has a 1-year low of $76.42 and a 1-year high of $153.38. The firm’s fifty day simple moving average is $84.23 and its 200-day simple moving average is $93.50. The company has a market capitalization of $3.89 billion, a PE ratio of 20.51 and a beta of 1.54.

Universal Display (NASDAQ:OLED) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.03. Universal Display had a return on equity of 11.35% and a net margin of 32.24%.The firm had revenue of $152.16 million for the quarter, compared to the consensus estimate of $157.54 million. During the same quarter in the previous year, the company posted $1.41 earnings per share. The business’s quarterly revenue was down 11.4% compared to the same quarter last year. As a group, analysts predict that Universal Display Corporation will post 4.17 EPS for the current year.

Universal Display Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, September 16th. Universal Display’s dividend payout ratio (DPR) is presently 48.43%.

Universal Display 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.