Zacks Research Analysts Reduce Earnings Estimates for OLED

Universal Display Co. (NASDAQ:OLED) – Equities researchers at Zacks Research decreased their Q4 2026 earnings estimates for shares of Universal Display in a research report issued to clients and investors on Monday, January 13th. Zacks Research analyst R. Department now forecasts that the semiconductor company will post earnings per share of $1.53 for the quarter, down from their prior forecast of $1.62. The consensus estimate for Universal Display’s current full-year earnings is $4.77 per share.

Other equities analysts also recently issued reports about the company. Needham & Company LLC restated a “buy” rating and set a $215.00 price objective on shares of Universal Display in a research report on Thursday. Oppenheimer lowered their price target on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, January 2nd. Finally, TD Cowen reduced their price objective on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.86.

Universal Display Stock Up 0.4 %

Shares of NASDAQ:OLED opened at $146.56 on Thursday. The business has a fifty day simple moving average of $159.23 and a 200 day simple moving average of $187.23. Universal Display has a 12-month low of $143.25 and a 12-month high of $237.00. The firm has a market cap of $6.96 billion, a P/E ratio of 29.43, a P/E/G ratio of 1.62 and a beta of 1.40.

Universal Display (NASDAQ:OLED) last released its quarterly 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 firm had revenue of $161.63 million during the quarter, compared to the consensus estimate of $165.28 million. During the same quarter last year, the firm earned $1.08 earnings per share. The company’s revenue for the quarter was up 14.6% on a year-over-year basis.

Institutional Investors Weigh In On Universal Display

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

Insiders Place Their Bets

In related news, Director Lawrence Lacerte bought 742 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were bought at an average price of $180.89 per share, for a total transaction of $134,220.38. Following the transaction, the director now directly owns 122,372 shares of the company’s stock, valued at approximately $22,135,871.08. The trade was 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 this hyperlink. Company insiders own 1.90% of the company’s stock.

Universal Display Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.09%. The ex-dividend date was Tuesday, December 17th. Universal Display’s dividend payout ratio (DPR) is presently 32.13%.

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.