Q4 EPS Estimate for Universal Display Lowered by Analyst

Universal Display Co. (NASDAQ:OLED) – Equities research analysts at Zacks Research reduced their Q4 2024 earnings per share estimates for shares of Universal Display in a research report issued on Tuesday, December 17th. Zacks Research analyst R. Department now anticipates that the semiconductor company will post earnings per share of $1.09 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.

A number of other analysts have also recently weighed in on the stock. TD Cowen reduced their target price on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, October 31st. 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 note on Thursday, October 31st. Finally, Needham & Company LLC cut their target price 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. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $210.71.

Universal Display Trading Up 1.0 %

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

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

Institutional Investors Weigh In On Universal Display

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

Insider Buying and Selling

In other news, Director Lawrence Lacerte acquired 742 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average cost of $180.89 per share, for a total transaction of $134,220.38. Following the completion of the acquisition, the director now owns 122,372 shares in the company, 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 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 Announces Dividend

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