Mid-cap

Universal Display supplies key OLED materials and earns licensing revenue from a deep patent base. High margins, strong cash generation, and a nearly debt-free balance sheet make it an unusual technology business worth examining in the context of OLED’s next growth phase.

Navitas Semiconductor builds GaN and SiC power chips that target fast charging, AI data centers, EVs, and energy systems. The appeal comes from exposure to fast-growing efficiency markets, though the full case depends on turning that technology position into durable scale.

Novanta supplies precision motion, vision, and photonics technologies used in medical devices, life sciences tools, and advanced automation. Its niche positioning and stronger balance sheet stand out, while recovering growth keeps attention on its long-term industrial potential.

Insight Enterprises helps organizations buy, manage, and modernize IT across hardware, software, cloud, and services. Its most compelling angle is the move toward higher-value solutions and solid cash generation, even as the market still prices it with caution.

Nice develops software for cloud contact centers, customer service automation, compliance, and financial crime prevention. Strong margins, high cash generation, and a very light debt load make the business look sturdier than the stock’s recent weakness suggests.