Zacks Research Predicts Lower Earnings for Universal Display

Universal Display Co. (NASDAQ:OLED) – Investment analysts at Zacks Research cut their Q4 2024 EPS estimates for Universal Display in a report issued on Tuesday, December 17th. Zacks Research analyst R. Department now anticipates that the semiconductor company will earn $1.09 per share for the quarter, down from their previous estimate of $1.10. 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 Q1 2025 earnings at $1.00 EPS, Q2 2025 earnings at $1.01 EPS, Q3 2025 earnings at $1.19 EPS, FY2025 earnings at $4.56 EPS, Q1 2026 earnings at $1.28 EPS, Q2 2026 earnings at $1.53 EPS, Q3 2026 earnings at $1.45 EPS and FY2026 earnings at $5.87 EPS.

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

A number of other equities analysts have also commented on the stock. Oppenheimer decreased their price target on shares of Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Needham & Company LLC lowered their price target on Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, TD Cowen dropped their price target on 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Universal Display has an average rating of “Moderate Buy” and a consensus price target of $210.71.

Universal Display Stock Up 1.5 %

Shares of OLED stock traded up $2.21 during trading on Thursday, hitting $151.32. The company had a trading volume of 41,666 shares, compared to its average volume of 399,348. The stock’s 50-day moving average is $177.93 and its two-hundred day moving average is $193.77. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of 30.39, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39. Universal Display has a 52 week low of $148.09 and a 52 week high of $237.00.

Institutional Investors Weigh In On Universal Display

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OLED. Envestnet Portfolio Solutions Inc. increased its position in shares of Universal Display by 38.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,883 shares of the semiconductor company’s stock valued at $396,000 after acquiring an additional 520 shares during the period. Raymond James & Associates raised its position in Universal Display by 1.8% during the 2nd quarter. Raymond James & Associates now owns 36,911 shares of the semiconductor company’s stock valued at $7,760,000 after purchasing an additional 647 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Universal Display by 45.6% in the 2nd quarter. Fifth Third Bancorp now owns 817 shares of the semiconductor company’s stock worth $172,000 after buying an additional 256 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in shares of Universal Display in the 2nd quarter worth approximately $312,000. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Universal Display during the second quarter valued at approximately $142,000. 78.19% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Lawrence Lacerte acquired 742 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was purchased 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 owns 122,372 shares in the company, valued at $22,135,871.08. This trade represents a 0.61 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.90% of the company’s stock.

Universal Display Announces Dividend

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

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.