OLED Stock Gets Stronger EPS Estimate from Zacks Research

Universal Display Corporation (NASDAQ:OLED) – Investment analysts at Zacks Research raised their Q3 2028 earnings per share (EPS) estimates for shares of Universal Display in a research report issued to clients and investors on Monday, October 12th. Zacks Research analyst Team now anticipates that the semiconductor company will post earnings per share of $1.42 for the quarter, up from their previous estimate of $1.41. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Universal Display’s current full-year earnings is $4.17 per share.

A number of other research firms have also issued reports on OLED. Citigroup lowered shares of Universal Display from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $85.00 to $71.00 in a research note on Thursday, October 8th. Oppenheimer restated an “outperform” rating and issued a $120.00 target price (down from $130.00) on shares of Universal Display in a research note on Friday, July 31st. BTIG Research downgraded shares of Universal Display to a “neutral” rating in a research note on Friday, July 31st. Needham & Company LLC lowered their price target on shares of Universal Display from $120.00 to $100.00 and set a “buy” rating for the company in a report on Friday, July 31st. Finally, Weiss Ratings lowered shares of Universal Display from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Universal Display currently has a consensus rating of “Hold” and an average target price of $114.00.

Universal Display Stock Up 0.7%

Shares of NASDAQ:OLED opened at $75.66 on Wednesday. Universal Display has a 52-week low of $70.77 and a 52-week high of $153.38. The company has a 50 day moving average of $81.90 and a two-hundred day moving average of $86.45. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 18.32 and a beta of 1.53.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.03 by $0.03. The firm had revenue of $152.16 million for the quarter, compared to analyst estimates of $157.54 million. Universal Display had a return on equity of 11.35% and a net margin of 32.24%. Universal Display’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.41 EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. State of Michigan Retirement System increased its stake in shares of Universal Display by 1.9% in the first quarter. State of Michigan Retirement System now owns 10,605 shares of the semiconductor company’s stock valued at $972,000 after buying an additional 200 shares in the last quarter. Lido Advisors LLC raised its holdings in shares of Universal Display by 5.1% in the first quarter. Lido Advisors LLC now owns 6,081 shares of the semiconductor company’s stock valued at $557,000 after buying an additional 296 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Universal Display by 3.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 9,083 shares of the semiconductor company’s stock valued at $833,000 after buying an additional 300 shares during the last quarter. Swiss National Bank raised its holdings in shares of Universal Display by 0.3% in the first quarter. Swiss National Bank now owns 89,400 shares of the semiconductor company’s stock valued at $8,194,000 after buying an additional 300 shares during the last quarter. Finally, Money Concepts Capital Corp lifted its position in Universal Display by 2.1% during the 1st quarter. Money Concepts Capital Corp now owns 14,902 shares of the semiconductor company’s stock worth $1,366,000 after buying an additional 303 shares in the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Universal Display Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were paid a $0.50 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. Universal Display’s payout ratio is 48.43%.

About Universal Display

Universal Display Corporation develops and commercializes technologies and materials used in organic light-emitting diode (OLED) displays and lighting. The company’s portfolio includes phosphorescent OLED (PHOLED) technologies, which are designed to improve display efficiency, as well as OLED material systems and related technologies.

Universal Display generates revenue primarily through licensing its OLED intellectual property and selling OLED materials, including phosphorescent emitter materials and related products.