Zacks Research Has Pessimistic Outlook of OLED Q2 Earnings

Universal Display Corporation (NASDAQ:OLED) – Equities research analysts at Zacks Research dropped their Q2 2027 earnings estimates for Universal Display in a research report issued on Thursday, March 12th. Zacks Research analyst Team now anticipates that the semiconductor company will post earnings per share of $1.35 for the quarter, down from their previous estimate of $1.65. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Universal Display’s current full-year earnings is $4.71 per share. Zacks Research also issued estimates for Universal Display’s FY2027 earnings at $5.55 EPS.

OLED has been the topic of several other research reports. Roth Mkm reaffirmed a “buy” rating and issued a $180.00 price target on shares of Universal Display in a research note on Friday, February 20th. Wall Street Zen upgraded shares of Universal Display from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Citigroup decreased their target price on shares of Universal Display from $150.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 27th. Needham & Company LLC lowered their target price on shares of Universal Display from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Universal Display in a research report on Wednesday, December 24th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Universal Display has an average rating of “Hold” and an average price target of $151.67.

Universal Display Stock Up 1.6%

OLED stock opened at $95.58 on Monday. Universal Display has a 52-week low of $93.03 and a 52-week high of $163.21. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 7.39 and a beta of 1.65. The business has a fifty day moving average of $114.19 and a two-hundred day moving average of $125.78.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, February 19th. The semiconductor company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.28 by $0.11. The firm had revenue of $172.93 million for the quarter, compared to analyst estimates of $173.35 million. Universal Display had a net margin of 37.21% and a return on equity of 14.07%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.22 EPS.

Universal Display Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This is a boost from Universal Display’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.1%. Universal Display’s payout ratio is presently 35.50%.

Hedge Funds Weigh In On Universal Display

Hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in Universal Display by 309.8% during the third quarter. Smartleaf Asset Management LLC now owns 209 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 158 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in shares of Universal Display in the third quarter valued at approximately $33,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Universal Display in the third quarter valued at approximately $37,000. Rise Advisors LLC grew its holdings in shares of Universal Display by 53.3% in the third quarter. Rise Advisors LLC now owns 299 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 104 shares in the last quarter. Finally, Country Trust Bank purchased a new stake in Universal Display during the 2nd quarter worth approximately $46,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

About Universal Display

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.