Zacks Research Has Pessimistic Outlook of OLED Q4 Earnings

Universal Display Co. (NASDAQ:OLED) – Analysts at Zacks Research cut their Q4 2024 earnings estimates for shares of Universal Display in a research report issued on Wednesday, November 20th. Zacks Research analyst R. Department now anticipates that the semiconductor company will post earnings per share of $1.10 for the quarter, down from their prior estimate of $1.29. The consensus estimate for Universal Display’s current full-year earnings is $4.80 per share. Zacks Research also issued estimates for Universal Display’s Q3 2025 earnings at $1.21 EPS, Q4 2025 earnings at $1.30 EPS, FY2025 earnings at $4.60 EPS, Q2 2026 earnings at $1.61 EPS, Q3 2026 earnings at $1.52 EPS and FY2026 earnings at $6.05 EPS.

Universal Display (NASDAQ:OLED) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.21. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. The business had revenue of $161.63 million for the quarter, compared to analyst estimates of $165.28 million. During the same quarter last year, the business earned $1.08 earnings per share. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year.

OLED has been the topic of several other research reports. Susquehanna raised their target price on Universal Display from $170.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Roth Mkm raised their price objective on Universal Display from $189.00 to $217.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Oppenheimer dropped their target price on shares of Universal Display from $240.00 to $220.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Needham & Company LLC decreased their price target on shares of Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, TD Cowen dropped their price objective on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $215.63.

Universal Display Trading Down 4.5 %

OLED stock opened at $161.80 on Monday. Universal Display has a 12-month low of $148.75 and a 12-month high of $237.00. The business’s 50-day moving average is $194.63 and its 200 day moving average is $195.75. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 1.80 and a beta of 1.43.

Universal Display Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Tuesday, December 17th. Universal Display’s dividend payout ratio (DPR) is presently 32.13%.

Insider Buying and Selling at Universal Display

In other Universal Display news, Director Lawrence Lacerte bought 742 shares of the business’s stock in a transaction on Monday, November 4th. The stock was bought at an average price of $180.89 per share, with a total value of $134,220.38. Following the completion of the purchase, the director now directly owns 122,372 shares in the company, valued at $22,135,871.08. The trade was a 0.61 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Universal Display

A number of hedge funds have recently modified their holdings of the business. Assetmark Inc. purchased a new position in shares of Universal Display during the 3rd quarter worth approximately $29,000. Brooklyn Investment Group purchased a new position in shares of Universal Display during the third quarter worth $30,000. V Square Quantitative Management LLC acquired a new stake in shares of Universal Display in the third quarter valued at $31,000. True Wealth Design LLC purchased a new stake in shares of Universal Display in the 3rd quarter valued at $36,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Universal Display by 60.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 65 shares during the period. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

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.