Zacks Research Research Analysts Boost Earnings Estimates for Universal Display Co. (NASDAQ:OLED)

Universal Display Co. (NASDAQ:OLED) – Equities research analysts at Zacks Research lifted their FY2024 earnings per share (EPS) estimates for shares of Universal Display in a report issued on Monday, September 16th. Zacks Research analyst R. Department now forecasts that the semiconductor company will post earnings per share of $4.75 for the year, up from their prior forecast of $4.74. The consensus estimate for Universal Display’s current full-year earnings is $4.81 per share. Zacks Research also issued estimates for Universal Display’s Q4 2024 earnings at $1.28 EPS, Q2 2025 earnings at $1.16 EPS, Q3 2025 earnings at $1.45 EPS, Q4 2025 earnings at $1.52 EPS, FY2025 earnings at $5.24 EPS, Q1 2026 earnings at $1.41 EPS, Q2 2026 earnings at $1.63 EPS and FY2026 earnings at $6.50 EPS.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.04). The firm had revenue of $158.50 million for the quarter, compared to analysts’ expectations of $159.46 million. Universal Display had a net margin of 35.74% and a return on equity of 15.25%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.04 EPS.

A number of other brokerages have also recently issued reports on OLED. The Goldman Sachs Group lifted their price objective on Universal Display from $208.00 to $243.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Roth Mkm upped their price target on shares of Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Susquehanna increased their price objective on shares of Universal Display from $170.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Oppenheimer lifted their target price on shares of Universal Display from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, July 3rd. Finally, TD Cowen increased their price target on shares of Universal Display from $210.00 to $250.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $225.88.

Universal Display Stock Performance

OLED stock opened at $211.44 on Thursday. The firm has a 50 day moving average price of $198.88 and a 200-day moving average price of $185.34. Universal Display has a 52-week low of $133.67 and a 52-week high of $237.00. The firm has a market capitalization of $10.03 billion, a price-to-earnings ratio of 45.84, a PEG ratio of 2.17 and a beta of 1.41.

Institutional Investors Weigh In On Universal Display

Large investors have recently added to or reduced their stakes in the stock. ORG Partners LLC purchased a new position in shares of Universal Display in the 1st quarter worth $27,000. Principal Securities Inc. bought a new stake in shares of Universal Display during the 4th quarter valued at about $34,000. Tsfg LLC purchased a new stake in shares of Universal Display during the 1st quarter valued at about $34,000. University of Texas Texas AM Investment Managment Co. purchased a new stake in shares of Universal Display during the 4th quarter valued at about $35,000. Finally, Cape Investment Advisory Inc. increased its holdings in Universal Display by 1,977.8% during the fourth quarter. Cape Investment Advisory Inc. now owns 187 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 178 shares during the last quarter. Institutional investors own 78.19% of the company’s stock.

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.60 dividend on an annualized basis and a yield of 0.76%. Universal Display’s dividend payout ratio (DPR) is 34.78%.

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.