Research Analysts Offer Predictions for OLED FY2024 Earnings

Universal Display Co. (NASDAQ:OLED) – Analysts at Zacks Research increased their FY2024 EPS estimates for shares of Universal Display in a report released on Wednesday, November 20th. Zacks Research analyst R. Department now expects that the semiconductor company will post earnings of $4.79 per share for the year, up from their prior estimate of $4.75. The consensus estimate for Universal Display’s current full-year earnings is $4.79 per share. Zacks Research also issued estimates for Universal Display’s Q1 2025 earnings at $1.04 EPS, Q2 2025 earnings at $1.06 EPS and Q1 2026 earnings at $1.33 EPS.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data 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 net margin of 36.98% and a return on equity of 15.75%. The company had revenue of $161.63 million during the quarter, compared to analyst estimates of $165.28 million. During the same quarter last year, the firm posted $1.08 EPS. The business’s revenue for the quarter was up 14.6% on a year-over-year basis.

A number of other research firms have also issued reports on OLED. Oppenheimer cut their price target on shares of Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Roth Mkm raised their target price on Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Susquehanna upped their price target on Universal Display from $170.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Needham & Company LLC lowered their target price on Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, 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 report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $215.63.

Universal Display Stock Up 0.3 %

Shares of NASDAQ OLED opened at $166.46 on Friday. The stock’s fifty day simple moving average is $196.12 and its 200 day simple moving average is $195.55. The stock has a market capitalization of $7.90 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 1.76 and a beta of 1.43. Universal Display has a 52-week low of $148.75 and a 52-week high of $237.00.

Universal Display Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 annualized dividend and a dividend yield of 0.96%. Universal Display’s dividend payout ratio is presently 32.13%.

Insider Activity at Universal Display

In related news, Director Lawrence Lacerte acquired 742 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was acquired at an average price of $180.89 per share, with a total value of $134,220.38. Following the completion of the transaction, the director now owns 122,372 shares of the company’s stock, valued at approximately $22,135,871.08. This represents a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Universal Display by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,567,374 shares of the semiconductor company’s stock worth $769,374,000 after purchasing an additional 50,233 shares in the last quarter. Primecap Management Co. CA raised its holdings in shares of Universal Display by 0.4% in the 2nd quarter. Primecap Management Co. CA now owns 1,895,017 shares of the semiconductor company’s stock worth $398,427,000 after buying an additional 7,435 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Universal Display by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 799,352 shares of the semiconductor company’s stock worth $167,825,000 after buying an additional 15,015 shares during the period. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Universal Display in the 2nd quarter valued at $127,668,000. Finally, Van ECK Associates Corp grew its position in Universal Display by 27.2% in the third quarter. Van ECK Associates Corp now owns 507,440 shares of the semiconductor company’s stock valued at $101,914,000 after acquiring an additional 108,394 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.