136,000 Shares in Universal Display Corporation $OLED Bought by S Squared Technology LLC

S Squared Technology LLC purchased a new stake in Universal Display Corporation (NASDAQ:OLED) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 136,000 shares of the semiconductor company’s stock, valued at approximately $11,776,240,000. Universal Display comprises 3.7% of S Squared Technology LLC’s investment portfolio, making the stock its 9th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Measured Wealth Private Client Group LLC acquired a new stake in Universal Display in the 3rd quarter worth $33,000. Canada Pension Plan Investment Board bought a new stake in Universal Display in the second quarter valued at about $62,000. RHL Group LLC bought a new stake in Universal Display in the fourth quarter valued at about $60,000. UMB Bank n.a. raised its position in Universal Display by 28.3% in 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. acquired a new position in Universal Display in the fourth quarter worth about $75,000. Institutional investors own 78.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Citigroup decreased their price objective on Universal Display from $100.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Oppenheimer reissued an “outperform” rating and issued a $120.00 target price (down from $130.00) on shares of Universal Display in a report on Friday, July 31st. BTIG Research downgraded 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 target on Universal Display from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $116.33.

Universal Display Stock Down 1.3%

Shares of OLED stock opened at $84.71 on Tuesday. Universal Display Corporation has a 12-month low of $76.42 and a 12-month high of $153.38. The company has a market capitalization of $3.89 billion, a P/E ratio of 20.51 and a beta of 1.54. The firm has a 50-day moving average price of $84.23 and a 200 day moving average price of $93.50.

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

Universal Display Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued 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 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.