Zacks Research Cuts Earnings Estimates for Universal Display

Universal Display Co. (NASDAQ:OLED) – Equities researchers at Zacks Research dropped their Q4 2024 EPS estimates for shares of Universal Display in a note issued to investors on Wednesday, November 20th. Zacks Research analyst R. Department now expects that the semiconductor company will post earnings of $1.10 per share for the quarter, down from their previous forecast of $1.29. 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 Q3 2025 earnings at $1.21 EPS, Q4 2025 earnings at $1.30 EPS, FY2025 earnings at $4.60 EPS, Q2 2026 earnings at $1.61 EPS, Q3 2026 earnings at $1.52 EPS and FY2026 earnings at $6.05 EPS.

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

A number of other research firms also recently weighed in on OLED. Needham & Company LLC decreased their price target on shares of Universal Display from $242.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Oppenheimer cut their target price 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. Susquehanna lifted their price target on Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. TD Cowen cut their price objective 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. 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 note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $215.63.

Universal Display Stock Up 0.8 %

OLED stock opened at $168.41 on Monday. The stock’s 50 day moving average is $195.31 and its two-hundred day moving average is $195.78. Universal Display has a 52-week low of $148.75 and a 52-week high of $237.00. The company has a market capitalization of $7.99 billion, a PE ratio of 33.82, a P/E/G ratio of 1.80 and a beta of 1.43.

Universal Display Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Tuesday, December 17th. Universal Display’s payout ratio is 32.13%.

Insider Transactions at Universal Display

In other news, Director Lawrence Lacerte acquired 742 shares of the company’s 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 acquisition, the director now directly 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Assetmark Inc. acquired a new position in shares of Universal Display during the third quarter worth approximately $29,000. Brooklyn Investment Group acquired a new position in Universal Display during the 3rd quarter worth $30,000. V Square Quantitative Management LLC acquired a new position in Universal Display during the 3rd quarter worth $31,000. Nisa Investment Advisors LLC grew 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 worth $36,000 after purchasing an additional 65 shares in the last quarter. Finally, True Wealth Design LLC acquired a new position in shares of Universal Display during the third quarter valued at $36,000. Institutional investors 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.