Zacks Research Issues Pessimistic Forecast for OLED Earnings

Universal Display Co. (NASDAQ:OLED) – Stock analysts at Zacks Research decreased their FY2024 earnings per share estimates for shares of Universal Display in a research note issued to investors on Tuesday, December 17th. Zacks Research analyst R. Department now expects that the semiconductor company will post earnings per share of $4.78 for the year, down from their prior forecast of $4.79. 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 Q4 2025 earnings at $1.35 EPS.

Several other brokerages also recently issued reports on OLED. TD Cowen lowered their price target on Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Needham & Company LLC decreased their target price on Universal Display from $242.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, Oppenheimer dropped their target price on Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $210.71.

Universal Display Trading Up 1.0 %

Shares of OLED stock opened at $150.59 on Friday. The company has a market cap of $7.15 billion, a PE ratio of 30.24, a P/E/G ratio of 1.74 and a beta of 1.39. The company’s fifty day simple moving average is $176.86 and its 200-day simple moving average is $193.47. Universal Display has a 52 week low of $148.09 and a 52 week high of $237.00.

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

Universal Display Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, December 17th. Universal Display’s payout ratio is 32.13%.

Insider Buying and Selling

In related news, Director Lawrence Lacerte purchased 742 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average price of $180.89 per share, for a total transaction of $134,220.38. Following the completion of the purchase, the director now owns 122,372 shares in the company, valued at approximately $22,135,871.08. This represents a 0.61 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA lifted its position in shares of Universal Display by 1.6% during the third quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock worth $1,269,000 after purchasing an additional 97 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Universal Display by 8.8% during the third quarter. BNP Paribas Financial Markets now owns 52,713 shares of the semiconductor company’s stock valued at $11,064,000 after buying an additional 4,269 shares in the last quarter. Montanaro Asset Management Ltd lifted its holdings in Universal Display by 217.4% during the 3rd quarter. Montanaro Asset Management Ltd now owns 63,260 shares of the semiconductor company’s stock worth $13,278,000 after buying an additional 43,330 shares during the last quarter. Cerity Partners LLC grew its position in shares of Universal Display by 385.2% in the 3rd quarter. Cerity Partners LLC now owns 8,588 shares of the semiconductor company’s stock worth $1,803,000 after acquiring an additional 6,818 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Universal Display by 117.2% in the 2nd quarter. ProShare Advisors LLC now owns 18,762 shares of the semiconductor company’s stock valued at $3,945,000 after acquiring an additional 10,122 shares during the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

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.