Zacks Research Cuts Earnings Estimates for Universal Display

Universal Display Corporation (NASDAQ:OLED) – Equities researchers at Zacks Research dropped their FY2027 EPS estimates for shares of Universal Display in a research note issued on Monday, October 12th. Zacks Research analyst Team now forecasts that the semiconductor company will post earnings per share of $4.77 for the year, down from their prior estimate of $4.78. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Universal Display’s current full-year earnings is $4.17 per share. Zacks Research also issued estimates for Universal Display’s Q1 2028 earnings at $1.11 EPS, Q2 2028 earnings at $1.09 EPS and FY2028 earnings at $5.12 EPS.

Several other brokerages also recently commented on OLED. Needham & Company LLC dropped their price target on Universal Display from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. BTIG Research downgraded shares of Universal Display to a “neutral” rating in a research note on Friday, July 31st. Susquehanna dropped their target price on shares of Universal Display from $110.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Oppenheimer reiterated an “outperform” rating and set a $120.00 target price (down from $130.00) on shares of Universal Display in a research note on Friday, July 31st. Finally, Weiss Ratings downgraded shares of Universal Display from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $114.00.

Universal Display Stock Performance

NASDAQ OLED opened at $75.10 on Tuesday. The stock has a 50-day simple moving average of $82.11 and a 200 day simple moving average of $86.60. Universal Display has a twelve month low of $70.77 and a twelve month high of $153.38. The stock has a market capitalization of $3.45 billion, a PE ratio of 18.18 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.03. The company had revenue of $152.16 million during the quarter, compared to analysts’ expectations of $157.54 million. Universal Display had a net margin of 32.24% and a return on equity of 11.35%. The business’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.41 earnings per share.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Elevation Wealth Partners LLC acquired a new position in shares of Universal Display in the 3rd quarter valued at $51,000. Versant Capital Management Inc boosted its position in shares of Universal Display by 347.8% during the 3rd quarter. Versant Capital Management Inc now owns 703 shares of the semiconductor company’s stock valued at $54,000 after acquiring an additional 546 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Universal Display by 373.0% during the 3rd quarter. GAMMA Investing LLC now owns 965 shares of the semiconductor company’s stock valued at $74,000 after acquiring an additional 761 shares in the last quarter. Clearstead Trust LLC bought a new stake in Universal Display in the second quarter valued at about $87,000. Finally, Parallel Advisors LLC raised its position in Universal Display by 45.6% in the first quarter. Parallel Advisors LLC now owns 1,009 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 316 shares in the last quarter. 78.19% of the stock is owned by institutional investors.

Universal Display Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Wednesday, September 16th. Universal Display’s dividend payout ratio is presently 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.