S Squared Technology LLC Has $14.67 Million Stake in Universal Display Corporation $OLED

S Squared Technology LLC grew its position in shares of Universal Display Corporation (NASDAQ:OLED) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,000 shares of the semiconductor company’s stock after buying an additional 5,000 shares during the quarter. Universal Display makes up about 6.2% of S Squared Technology LLC’s investment portfolio, making the stock its 5th biggest position. S Squared Technology LLC owned 0.20% of Universal Display worth $14,674,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Rise Advisors LLC increased its position in Universal Display by 87.9% in the first quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 87 shares during the period. Whittier Trust Co. acquired a new stake in shares of Universal Display during the 2nd quarter worth approximately $30,000. Parkside Financial Bank & Trust grew its position in shares of Universal Display by 236.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 202 shares of the semiconductor company’s stock worth $31,000 after buying an additional 142 shares during the period. Atlantic Union Bankshares Corp acquired a new position in Universal Display in the second quarter valued at approximately $39,000. Finally, Brooklyn Investment Group lifted its holdings in Universal Display by 98.5% in the first quarter. Brooklyn Investment Group now owns 270 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 134 shares during the period. Institutional investors own 78.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Needham & Company LLC dropped their target price on shares of Universal Display from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Universal Display in a report on Wednesday, October 8th. Finally, Zacks Research upgraded Universal Display from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $181.33.

Universal Display Price Performance

Shares of Universal Display stock opened at $124.93 on Monday. The company has a market capitalization of $5.94 billion, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 4.38 and a beta of 1.60. The business has a 50-day moving average of $143.39 and a two-hundred day moving average of $146.12. Universal Display Corporation has a 1 year low of $103.70 and a 1 year high of $182.77.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.27). Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The business had revenue of $139.61 million for the quarter, compared to the consensus estimate of $165.56 million. During the same quarter last year, the firm earned $1.40 EPS. The company’s revenue for the quarter was down 13.6% on a year-over-year basis. Universal Display has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $1.80 annualized dividend and a dividend yield of 1.4%. Universal Display’s dividend payout ratio is currently 38.79%.

Universal Display Profile

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.