S Squared Technology LLC increased its stake in Universal Display Co. (NASDAQ:OLED - Free Report) by 27.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,000 shares of the semiconductor company's stock after buying an additional 22,000 shares during the period. Universal Display accounts for about 6.2% of S Squared Technology LLC's portfolio, making the stock its 4th largest position. S Squared Technology LLC owned 0.21% of Universal Display worth $14,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also added to or reduced their stakes in OLED. MML Investors Services LLC raised its position in Universal Display by 208.8% during the 3rd quarter. MML Investors Services LLC now owns 4,008 shares of the semiconductor company's stock valued at $841,000 after purchasing an additional 2,710 shares in the last quarter. Barclays PLC raised its stake in Universal Display by 753.8% in the third quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock worth $44,608,000 after buying an additional 187,627 shares in the last quarter. M&T Bank Corp lifted its holdings in Universal Display by 12.0% during the third quarter. M&T Bank Corp now owns 2,086 shares of the semiconductor company's stock worth $438,000 after buying an additional 223 shares during the period. Sanctuary Advisors LLC bought a new stake in Universal Display during the 3rd quarter valued at $2,356,000. Finally, Wilmington Savings Fund Society FSB raised its position in shares of Universal Display by 2.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,272 shares of the semiconductor company's stock worth $897,000 after acquiring an additional 118 shares in the last quarter. 78.19% of the stock is currently owned by institutional investors.
Universal Display Trading Up 3.3 %
Shares of NASDAQ OLED traded up $3.75 during midday trading on Tuesday, reaching $117.53. 148,441 shares of the company were exchanged, compared to its average volume of 554,145. The stock has a market cap of $5.58 billion, a P/E ratio of 25.26, a PEG ratio of 1.61 and a beta of 1.42. The stock has a fifty day simple moving average of $139.39 and a 200 day simple moving average of $156.84. Universal Display Co. has a 1 year low of $103.70 and a 1 year high of $237.00.
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 (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.14. The firm had revenue of $162.29 million during the quarter, compared to analysts' expectations of $152.75 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. As a group, analysts forecast 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 $0.45 dividend. The ex-dividend date was Monday, March 17th. This is a boost from Universal Display's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.53%. Universal Display's dividend payout ratio (DPR) is 38.71%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Oppenheimer reduced their price target on Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a research report on Thursday, January 2nd. Citigroup dropped their price objective on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. Susquehanna lowered their target price on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. StockNews.com cut shares of Universal Display from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. Finally, Needham & Company LLC lowered their price objective on Universal Display from $215.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Universal Display currently has a consensus rating of "Moderate Buy" and an average target price of $190.43.
Check Out Our Latest Research Report on OLED
About Universal Display
(
Free Report)
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.
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