Research Analysts Set Expectations for OLED FY2024 Earnings

Universal Display Co. (NASDAQ:OLED) – Analysts at Zacks Research lowered their FY2024 earnings per share estimates for Universal Display in a research report issued to clients and investors 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) 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. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The firm had revenue of $161.63 million for the quarter, compared to the consensus estimate of $165.28 million. During the same quarter last year, the business posted $1.08 EPS. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year.

A number of other equities analysts have also issued reports on the company. Oppenheimer lowered their price target on Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Needham & Company LLC dropped their target price on Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, TD Cowen cut their price target on Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $210.71.

Universal Display Stock Performance

Shares of Universal Display stock opened at $150.59 on Friday. The company’s fifty day moving average is $176.86 and its two-hundred day moving average is $193.47. Universal Display has a 1 year low of $148.09 and a 1 year high of $237.00. The company has a market capitalization of $7.15 billion, a P/E ratio of 30.24, a PEG ratio of 1.74 and a beta of 1.39.

Hedge Funds Weigh In On Universal Display

Several hedge funds have recently bought and sold shares of OLED. Assetmark Inc. purchased a new position in shares of Universal Display in the third quarter valued at $29,000. Brooklyn Investment Group acquired a new stake in Universal Display during the third quarter worth approximately $30,000. V Square Quantitative Management LLC acquired a new stake in shares of Universal Display during the third quarter worth $31,000. True Wealth Design LLC purchased a new stake in Universal Display in the 3rd quarter valued at about $36,000. Finally, Nisa Investment Advisors LLC grew its holdings in Universal Display by 60.2% in 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 hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Lawrence Lacerte purchased 742 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were acquired at an average price of $180.89 per share, with a total value of $134,220.38. Following 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 purchase was disclosed in a legal filing with the SEC, which is available through this link. 1.90% of the stock is currently owned by company insiders.

Universal Display Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Tuesday, December 17th. 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.