Roth Capital Lowers Earnings Estimates for Universal Display

Universal Display Co. (NASDAQ:OLED) – Analysts at Roth Capital dropped their FY2024 earnings per share (EPS) estimates for Universal Display in a research note issued to investors on Wednesday, October 30th. Roth Capital analyst S. Searle now expects that the semiconductor company will earn $4.75 per share for the year, down from their prior forecast of $4.79. The consensus estimate for Universal Display’s current full-year earnings is $4.81 per share. Roth Capital also issued estimates for Universal Display’s Q4 2024 earnings at $1.03 EPS, Q1 2025 earnings at $0.96 EPS, Q3 2025 earnings at $1.16 EPS, Q4 2025 earnings at $1.33 EPS, FY2025 earnings at $4.45 EPS, Q1 2026 earnings at $1.17 EPS, Q2 2026 earnings at $1.28 EPS, Q3 2026 earnings at $1.54 EPS and FY2026 earnings at $5.77 EPS.

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

Other analysts also recently issued research reports about the company. TD Cowen decreased their target price on Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Susquehanna boosted their target price on shares of Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Needham & Company LLC cut their target price on shares of Universal Display from $242.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. 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 research note on Thursday, October 31st. Finally, Roth Mkm upped their price objective on Universal Display from $189.00 to $217.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Universal Display presently has an average rating of “Moderate Buy” and a consensus target price of $215.63.

Universal Display Stock Down 0.3 %

NASDAQ:OLED opened at $179.68 on Monday. The business’s 50-day simple moving average is $201.32 and its two-hundred day simple moving average is $194.52. Universal Display has a 52 week low of $144.85 and a 52 week high of $237.00. The stock has a market cap of $8.53 billion, a PE ratio of 36.08, a P/E/G ratio of 1.93 and a beta of 1.43.

Institutional Investors Weigh In On Universal Display

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Universal Display by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,567,374 shares of the semiconductor company’s stock worth $769,374,000 after acquiring an additional 50,233 shares in the last quarter. Primecap Management Co. CA lifted its stake in shares of Universal Display by 0.4% in the 2nd quarter. Primecap Management Co. CA now owns 1,895,017 shares of the semiconductor company’s stock valued at $398,427,000 after purchasing an additional 7,435 shares during the period. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Universal Display during the 2nd quarter worth about $127,668,000. Van ECK Associates Corp grew its stake in Universal Display by 27.2% in the 3rd quarter. Van ECK Associates Corp now owns 507,440 shares of the semiconductor company’s stock valued at $101,914,000 after acquiring an additional 108,394 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Universal Display by 27.3% in the second quarter. Dimensional Fund Advisors LP now owns 469,570 shares of the semiconductor company’s stock worth $98,725,000 after acquiring an additional 100,809 shares during the last quarter. Institutional investors own 78.19% of the company’s stock.

Universal Display Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, December 17th. Universal Display’s dividend payout ratio (DPR) 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.