S Squared Technology LLC Makes New $11.78 Million Investment in Universal Display Corporation $OLED

S Squared Technology LLC bought a new stake in Universal Display Corporation (NASDAQ:OLED) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 136,000 shares of the semiconductor company’s stock, valued at approximately $11,776,240. Universal Display comprises approximately 0.0% of S Squared Technology LLC’s holdings, making the stock its 9th biggest holding. S Squared Technology LLC owned about 0.30% of Universal Display at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of OLED. Measured Wealth Private Client Group LLC acquired a new position in shares of Universal Display in the 3rd quarter valued at about $33,000. RHL Group LLC bought a new position in Universal Display during the fourth quarter valued at about $60,000. Canada Pension Plan Investment Board acquired a new stake in shares of Universal Display in the second quarter valued at $62,000. UMB Bank n.a. boosted its position in shares of Universal Display by 28.3% during the fourth quarter. UMB Bank n.a. now owns 549 shares of the semiconductor company’s stock worth $64,000 after purchasing an additional 121 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in Universal Display in the fourth quarter valued at approximately $75,000. 78.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on OLED shares. Oppenheimer reissued an “outperform” rating and issued a $120.00 price target (down from $130.00) on shares of Universal Display in a research note on Friday, July 31st. Weiss Ratings downgraded shares of Universal Display from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. BTIG Research downgraded shares of Universal Display to a “neutral” rating in a research report 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. Finally, Needham & Company LLC lowered their price objective on Universal Display from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $116.33.

Universal Display Trading Down 2.1%

Universal Display stock traded down $1.79 during mid-day trading on Friday, hitting $83.06. The stock had a trading volume of 243,151 shares, compared to its average volume of 799,826. The stock has a market capitalization of $3.82 billion, a PE ratio of 20.11 and a beta of 1.54. Universal Display Corporation has a 12 month low of $76.42 and a 12 month high of $153.38. The stock has a 50-day simple moving average of $84.19 and a two-hundred day simple moving average of $92.85.

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

Universal Display Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, September 16th. Universal Display’s dividend payout ratio 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.