S Squared Technology LLC Raises Holdings in Universal Display Corporation $OLED

S Squared Technology LLC raised its stake in shares of Universal Display Corporation (NASDAQ:OLED) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,000 shares of the semiconductor company’s stock after acquiring an additional 7,000 shares during the period. Universal Display comprises approximately 5.0% of S Squared Technology LLC’s investment portfolio, making the stock its 7th largest holding. S Squared Technology LLC’s holdings in Universal Display were worth $12,963,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its stake in Universal Display by 309.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 209 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 158 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in Universal Display during the 3rd quarter valued at $33,000. Jones Financial Companies Lllp lifted its stake in Universal Display by 104.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 388 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 198 shares in the last quarter. RHL Group LLC bought a new position in Universal Display during the 4th quarter valued at $60,000. Finally, Canada Pension Plan Investment Board bought a new position in Universal Display during the 2nd quarter valued at $62,000. 78.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on OLED. Oppenheimer dropped their price objective on Universal Display from $160.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Roth Mkm set a $168.00 price objective on Universal Display in a research note on Friday, May 1st. Citigroup dropped their price objective on Universal Display from $105.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Needham & Company LLC dropped their price objective on Universal Display from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Finally, Zacks Research cut Universal Display from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. Three investment 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 data from MarketBeat, Universal Display presently has a consensus rating of “Hold” and a consensus price target of $130.60.

Universal Display Price Performance

Shares of Universal Display stock opened at $91.46 on Monday. Universal Display Corporation has a 1 year low of $83.64 and a 1 year high of $162.36. The firm has a market cap of $4.28 billion, a PE ratio of 20.42 and a beta of 1.54. The stock has a fifty day moving average price of $93.14 and a 200-day moving average price of $106.10.

Universal Display (NASDAQ:OLED) last announced its earnings results on Thursday, April 30th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $161.23 million. During the same period in the prior year, the business earned $1.35 earnings per share. The company’s revenue for the quarter was down 14.5% compared to the same quarter last year. As a group, equities analysts anticipate that Universal Display Corporation will post 4.23 EPS for the current fiscal year.

Universal Display Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.2%. Universal Display’s dividend payout ratio (DPR) is currently 44.64%.

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.