Q4 EPS Estimates for Universal Display Cut by Zacks Research

Universal Display Co. (NASDAQ:OLED) – Research analysts at Zacks Research reduced their Q4 2024 EPS estimates for 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 of $1.09 per share for the quarter, down from their prior 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 released 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 firm had revenue of $161.63 million during 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%. The business’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.08 EPS.

Several other equities research analysts have also recently weighed in on OLED. Oppenheimer reduced their price objective on Universal Display from $240.00 to $220.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. TD Cowen cut their target price on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, Needham & Company LLC decreased their price target on shares of Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Universal Display presently has a consensus rating of “Moderate Buy” and an average target price of $210.71.

Universal Display Stock Up 1.0 %

Shares of NASDAQ:OLED opened at $150.59 on Thursday. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 1.74 and a beta of 1.39. The business has a 50 day moving average price of $176.86 and a 200 day moving average price of $193.47. Universal Display has a twelve month low of $148.09 and a twelve month high of $237.00.

Universal Display Dividend Announcement

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 issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.06%. The ex-dividend date is Tuesday, December 17th. Universal Display’s dividend payout ratio (DPR) is presently 32.13%.

Insider Activity

In other news, Director Lawrence Lacerte bought 742 shares of Universal Display stock in a transaction dated 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 purchase, the director now owns 122,372 shares of the company’s stock, valued at approximately $22,135,871.08. This trade represents a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Universal Display

Several institutional investors have recently added to or reduced their stakes in OLED. Nisa Investment Advisors LLC raised its stake in shares of Universal Display by 60.2% in the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 65 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Universal Display by 7.6% during the 2nd quarter. CIBC Asset Management Inc now owns 1,351 shares of the semiconductor company’s stock valued at $284,000 after purchasing an additional 96 shares in the last quarter. UMB Bank n.a. raised its position in Universal Display by 42.1% in the 3rd quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company’s stock valued at $68,000 after purchasing an additional 96 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in Universal Display by 1.6% in 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 in the last quarter. Finally, Prospera Financial Services Inc grew its holdings in shares of Universal Display by 4.4% during the third quarter. Prospera Financial Services Inc now owns 2,576 shares of the semiconductor company’s stock worth $542,000 after purchasing an additional 108 shares during the last quarter. 78.19% of the stock is owned by institutional investors.

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.