Universal Display Corporation $OLED Shares Acquired by S Squared Technology LLC

S Squared Technology LLC raised its position in shares of Universal Display Corporation (NASDAQ:OLED) by 6.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 111,000 shares of the semiconductor company’s stock after purchasing an additional 7,000 shares during the quarter. Universal Display makes up approximately 5.0% of S Squared Technology LLC’s investment portfolio, making the stock its 7th largest holding. S Squared Technology LLC owned approximately 0.23% of Universal Display worth $12,963,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Universal Display by 10.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,069,107 shares of the semiconductor company’s stock worth $728,076,000 after buying an additional 460,792 shares in the last quarter. Primecap Management Co. CA boosted its holdings in shares of Universal Display by 1.9% during the 3rd quarter. Primecap Management Co. CA now owns 2,258,378 shares of the semiconductor company’s stock worth $324,371,000 after buying an additional 43,070 shares in the last quarter. State Street Corp boosted its holdings in shares of Universal Display by 4.3% during the 4th quarter. State Street Corp now owns 1,694,779 shares of the semiconductor company’s stock worth $197,916,000 after buying an additional 69,163 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Universal Display by 25.0% during the 4th quarter. Geode Capital Management LLC now owns 1,109,077 shares of the semiconductor company’s stock worth $129,537,000 after buying an additional 222,108 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Universal Display by 86.4% during the 4th 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 in the last quarter. 78.19% of the stock is currently owned by institutional investors.

Universal Display Price Performance

Shares of OLED opened at $91.46 on Monday. Universal Display Corporation has a 12-month low of $83.64 and a 12-month high of $162.36. The business’s fifty day moving average is $93.14 and its 200 day moving average is $106.10. The stock has a market cap of $4.28 billion, a P/E ratio of 20.42 and a beta of 1.54.

Universal Display (NASDAQ:OLED) last issued 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 return on equity of 12.34% and a net margin of 34.08%.The firm had revenue of $142.21 million during the quarter, compared to the consensus estimate of $161.23 million. During the same quarter in the prior year, the business earned $1.35 earnings per share. Universal Display’s revenue for the quarter was down 14.5% on a year-over-year basis. On average, analysts expect that Universal Display Corporation will post 4.23 EPS for the current year.

Universal Display Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on OLED shares. Wall Street Zen upgraded Universal Display from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Zacks Research cut Universal Display from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 21st. The Goldman Sachs Group set a $135.00 price target on Universal Display in a report on Tuesday, April 21st. Citigroup cut their price target on Universal Display from $105.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Finally, Roth Mkm set a $168.00 price target on Universal Display in a report on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $130.60.

Universal Display Company 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.