What is Zacks Research’s Estimate for OLED FY2024 Earnings?

Universal Display Co. (NASDAQ:OLED) – Analysts at Zacks Research decreased their FY2024 earnings estimates for Universal Display in a research note issued to investors on Tuesday, December 17th. Zacks Research analyst R. Department now forecasts that the semiconductor company will earn $4.78 per share for the year, down from their previous estimate of $4.79. 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 Q4 2025 earnings at $1.35 EPS.

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

A number of other research firms have also recently issued reports on OLED. TD Cowen lowered their target price 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. Oppenheimer dropped their price objective 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. Finally, Needham & Company LLC cut their price objective 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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $210.71.

Universal Display Price Performance

Shares of Universal Display stock opened at $149.53 on Friday. The company has a market capitalization of $7.10 billion, a P/E ratio of 30.03, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39. The business has a 50-day moving average of $176.86 and a two-hundred day moving average of $193.47. Universal Display has a 1 year low of $148.09 and a 1 year high of $237.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its stake in shares of 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 purchasing an additional 65 shares in the last quarter. CIBC Asset Management Inc raised its position in Universal Display by 7.6% during the second quarter. CIBC Asset Management Inc now owns 1,351 shares of the semiconductor company’s stock worth $284,000 after acquiring an additional 96 shares in the last quarter. UMB Bank n.a. lifted its stake in Universal Display by 42.1% in the third quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company’s stock valued at $68,000 after acquiring an additional 96 shares during the last quarter. Glenmede Trust Co. NA grew its position in shares of Universal Display by 1.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock valued at $1,269,000 after acquiring an additional 97 shares during the period. Finally, Prospera Financial Services Inc increased its stake in shares of Universal Display by 4.4% during the 3rd 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 and hedge funds.

Insider Transactions at Universal Display

In related news, Director Lawrence Lacerte bought 742 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average price of $180.89 per share, with a total value of $134,220.38. Following the completion of the transaction, the director now owns 122,372 shares in the company, valued at $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 SEC, which can be accessed through the SEC website. 1.90% of the stock is currently owned by insiders.

Universal Display Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.07%. Universal Display’s dividend payout ratio (DPR) is presently 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.