S Squared Technology LLC Has $14.91 Million Stake in Universal Display Co. (NASDAQ:OLED)

S Squared Technology LLC boosted its holdings in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 27.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,000 shares of the semiconductor company's stock after purchasing an additional 22,000 shares during the quarter. Universal Display comprises approximately 6.2% of S Squared Technology LLC's holdings, making the stock its 4th largest position. S Squared Technology LLC owned about 0.21% of Universal Display worth $14,912,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OLED. Norges Bank bought a new stake in shares of Universal Display in the 4th quarter worth approximately $95,924,000. Raymond James Financial Inc. bought a new position in Universal Display in the fourth quarter worth $41,504,000. Jennison Associates LLC lifted its position in Universal Display by 58.2% in the fourth quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company's stock worth $99,975,000 after purchasing an additional 251,557 shares during the period. Barclays PLC increased its holdings in Universal Display by 753.8% in the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock valued at $44,608,000 after buying an additional 187,627 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Universal Display by 12.8% in the 4th quarter. Geode Capital Management LLC now owns 901,315 shares of the semiconductor company's stock valued at $131,806,000 after buying an additional 101,963 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company's stock.

Analysts Set New Price Targets

OLED has been the topic of several recent research reports. StockNews.com lowered shares of Universal Display from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. Susquehanna dropped their target price on Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Roth Mkm boosted their price target on Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research note on Friday, February 21st. The Goldman Sachs Group dropped their price objective on Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Finally, Oppenheimer lowered their target price on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display Trading Up 0.3 %

Shares of OLED traded up $0.31 during mid-day trading on Friday, hitting $113.98. 458,108 shares of the company traded hands, compared to its average volume of 555,518. Universal Display Co. has a one year low of $103.70 and a one year high of $237.00. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 1.61 and a beta of 1.42. The business has a 50-day moving average of $139.96 and a 200 day moving average of $157.88.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.14. The company had revenue of $162.29 million for the quarter, compared to the consensus estimate of $152.75 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. As a group, analysts anticipate that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.45 per share. This is an increase from Universal Display's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.58%. The ex-dividend date was Monday, March 17th. Universal Display's dividend payout ratio (DPR) is 38.71%.

Universal Display Company 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.