Zacks Research Cuts Earnings Estimates for Universal Display

Universal Display Co. (NASDAQ:OLED) – Stock analysts at Zacks Research lowered their Q4 2026 earnings estimates for Universal Display in a research report issued on Monday, January 13th. Zacks Research analyst R. Department now forecasts that the semiconductor company will post earnings of $1.53 per share for the quarter, down from their prior forecast of $1.62. The consensus estimate for Universal Display’s current full-year earnings is $4.77 per share.

Universal Display (NASDAQ:OLED) last posted its quarterly 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 net margin of 36.98% and a return on equity of 15.75%. The company had revenue of $161.63 million for the quarter, compared to the consensus estimate of $165.28 million. During the same period last year, the firm posted $1.08 EPS. The company’s revenue for the quarter was up 14.6% on a year-over-year basis.

Other analysts have also recently issued reports about the company. Oppenheimer dropped their price target on Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, January 2nd. Needham & Company LLC reissued a “buy” rating and set a $215.00 price target on shares of Universal Display in a report on Thursday. Finally, TD Cowen lowered their price target on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Universal Display currently has an average rating of “Moderate Buy” and a consensus target price of $207.86.

Universal Display Stock Up 0.4 %

Shares of NASDAQ OLED opened at $147.12 on Thursday. The stock has a market capitalization of $6.98 billion, a P/E ratio of 29.54, a P/E/G ratio of 1.62 and a beta of 1.40. The firm’s 50-day moving average price is $158.45 and its two-hundred day moving average price is $186.94. Universal Display has a 52-week low of $143.25 and a 52-week high of $237.00.

Universal Display Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a $0.40 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.09%. Universal Display’s dividend payout ratio (DPR) is 32.13%.

Insider Buying and Selling

In other news, Director Lawrence Lacerte bought 742 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was bought 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 directly owns 122,372 shares in the company, valued at $22,135,871.08. This represents a 0.61 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Universal Display

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OLED. Assetmark Inc. purchased a new position in shares of Universal Display during the third quarter valued at $29,000. Brooklyn Investment Group purchased a new position in Universal Display during the 3rd quarter valued at about $30,000. V Square Quantitative Management LLC acquired a new position in shares of Universal Display in the 3rd quarter valued at about $31,000. Nisa Investment Advisors LLC lifted its position 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 worth $36,000 after purchasing an additional 65 shares in the last quarter. Finally, True Wealth Design LLC purchased a new stake in shares of Universal Display in the third quarter worth approximately $36,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

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.