Universal Display Co. (NASDAQ:OLED – Free Report) – Equities researchers at Zacks Research reduced their FY2024 earnings estimates for shares of Universal Display in a research report issued on Tuesday, December 17th. Zacks Research analyst R. Department now expects that the semiconductor company will post earnings per share of $4.78 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 – Get Free Report) last released 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. The company had revenue of $161.63 million during the quarter, compared to the consensus estimate of $165.28 million. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. Universal Display’s revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 earnings per share.
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Universal Display Stock Performance
Shares of NASDAQ:OLED opened at $149.53 on Friday. Universal Display has a 52-week low of $148.09 and a 52-week high of $237.00. The firm has a market capitalization of $7.10 billion, a P/E ratio of 30.03, a P/E/G ratio of 1.74 and a beta of 1.39. The stock has a 50 day moving average price of $175.72 and a 200-day moving average price of $193.27.
Universal Display Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.07%. Universal Display’s dividend payout ratio is currently 32.13%.
Insiders Place Their Bets
In other Universal Display news, Director Lawrence Lacerte bought 742 shares of the business’s stock in a transaction on Monday, November 4th. The shares were acquired at an average cost of $180.89 per share, for a total transaction of $134,220.38. Following the purchase, the director now owns 122,372 shares in the company, valued at approximately $22,135,871.08. This trade represents a 0.61 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Assetmark Inc. bought a new stake in Universal Display in the 3rd quarter worth about $29,000. Brooklyn Investment Group purchased a new stake in shares of Universal Display during the 3rd quarter valued at about $30,000. V Square Quantitative Management LLC bought a new stake in shares of Universal Display in the third quarter worth approximately $31,000. True Wealth Design LLC purchased a new position in shares of Universal Display during the third quarter valued at approximately $36,000. Finally, Nisa Investment Advisors LLC lifted its position in Universal Display by 60.2% during the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 65 shares during the period. 78.19% of the stock is owned by institutional investors.
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.
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