Q4 EPS Estimate for Universal Display Reduced by Analyst

Universal Display Co. (NASDAQ:OLED) – Equities research analysts at Zacks Research decreased their Q4 2024 earnings per share estimates for Universal Display in a research report issued to clients and 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 prior estimate 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.

Several other research firms have also commented on OLED. Oppenheimer reduced their price target on shares of Universal Display from $240.00 to $220.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. TD Cowen dropped their target price on Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Roth Mkm lifted their price target on Universal Display from $189.00 to $217.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Susquehanna upped their price objective on Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Needham & Company LLC reduced their target price on shares of Universal Display from $242.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $215.63.

Universal Display Price Performance

NASDAQ:OLED opened at $161.80 on Monday. Universal Display has a 1-year low of $148.75 and a 1-year high of $237.00. The company has a 50-day moving average of $194.63 and a 200 day moving average of $195.75. The firm has a market cap of $7.68 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 1.80 and a beta of 1.43.

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. The business had revenue of $161.63 million for the quarter, compared to the consensus estimate of $165.28 million. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The business’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 EPS.

Institutional Investors Weigh In On Universal Display

Several hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC grew its stake in shares of Universal Display by 172.0% during the 1st quarter. Tidal Investments LLC now owns 6,246 shares of the semiconductor company’s stock worth $1,052,000 after purchasing an additional 3,950 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Universal Display by 375.1% during the second quarter. Harbor Capital Advisors Inc. now owns 10,043 shares of the semiconductor company’s stock worth $2,112,000 after buying an additional 7,929 shares in the last quarter. Montanaro Asset Management Ltd grew its position in Universal Display by 217.4% during the third quarter. Montanaro Asset Management Ltd now owns 63,260 shares of the semiconductor company’s stock valued at $13,278,000 after buying an additional 43,330 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Universal Display in the first quarter valued at $620,000. Finally, ProShare Advisors LLC raised its position in shares of Universal Display by 117.2% in the second quarter. ProShare Advisors LLC now owns 18,762 shares of the semiconductor company’s stock worth $3,945,000 after acquiring an additional 10,122 shares during the period. 78.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Universal Display

In other Universal Display news, Director Lawrence Lacerte acquired 742 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were purchased at an average price of $180.89 per share, for a total transaction of $134,220.38. Following the completion of the purchase, the director now directly owns 122,372 shares of the company’s stock, valued at $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 link. Company insiders own 1.90% of the company’s stock.

Universal Display Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 17th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Universal Display’s dividend payout ratio is currently 32.13%.

About Universal Display

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.