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

Key Points

• S Squared Technology LLC reduced its holdings in Universal Display Corporation by 11.8%, now owning 90,000 shares valued at approximately $12.6 million.
• Universal Display's recent quarterly earnings surpassed analysts' expectations, reporting $1.41 earnings per share and a revenue of $171.79 million, leading to an 8.4% year-over-year growth.
• The company announced a quarterly dividend of $0.45 per share, reflecting a 1.2% dividend yield and a payout ratio of 35.16%.

S Squared Technology LLC trimmed its position in Universal Display Corporation (NASDAQ:OLED - Free Report) by 11.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,000 shares of the semiconductor company's stock after selling 12,000 shares during the quarter. Universal Display accounts for 6.4% of S Squared Technology LLC's holdings, making the stock its 2nd largest holding. S Squared Technology LLC owned about 0.19% of Universal Display worth $12,553,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Prudential PLC raised its holdings in shares of Universal Display by 2.1% in the first quarter. Prudential PLC now owns 4,109 shares of the semiconductor company's stock valued at $573,000 after acquiring an additional 83 shares in the last quarter. Rise Advisors LLC increased its position in Universal Display by 87.9% during the 1st quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 87 shares during the period. Bessemer Group Inc. raised its holdings in shares of Universal Display by 3.8% in the 1st quarter. Bessemer Group Inc. now owns 2,603 shares of the semiconductor company's stock valued at $363,000 after purchasing an additional 95 shares in the last quarter. Linden Thomas Advisory Services LLC raised its holdings in shares of Universal Display by 0.8% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 12,319 shares of the semiconductor company's stock valued at $1,718,000 after purchasing an additional 96 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of Universal Display by 0.8% in the 1st quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the semiconductor company's stock worth $1,730,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 78.19% of the company's stock.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Universal Display from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $190.43.

Universal Display Price Performance

Shares of OLED stock traded down $1.69 during mid-day trading on Friday, hitting $136.51. 433,193 shares of the stock traded hands, compared to its average volume of 531,690. Universal Display Corporation has a 52-week low of $103.70 and a 52-week high of $215.90. The stock has a market cap of $6.49 billion, a P/E ratio of 26.66, a P/E/G ratio of 4.00 and a beta of 1.50. The stock's fifty day moving average is $145.09 and its two-hundred day moving average is $143.60.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.18 by $0.23. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The firm had revenue of $171.79 million during the quarter, compared to analyst estimates of $161.58 million. During the same quarter in the previous year, the business posted $1.10 EPS. Universal Display's revenue was up 8.4% on a year-over-year basis. Universal Display has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, September 16th. Universal Display's dividend payout ratio is currently 35.16%.

About Universal Display

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.