Universal Display (OLED) Stock Price, News & Analysis

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Universal Display in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" OLED shares.
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7 Wall Street research analysts have issued 1 year price targets for Universal Display's stock. Their OLED share price targets range from $176.00 to $250.00. On average, they predict the company's stock price to reach $199.86 in the next twelve months. This suggests a possible upside of 32.4% from the stock's current price.
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Universal Display's stock was trading at $191.26 on January 1st, 2024. Since then, OLED stock has decreased by 21.1% and is now trading at $150.90.
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Universal Display saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 908,500 shares, a drop of 22.4% from the March 15th total of 1,170,000 shares. Based on an average daily trading volume, of 283,500 shares, the short-interest ratio is presently 3.2 days. Approximately 2.1% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our OLED earnings forecast.

Universal Display will be holding an earnings conference call on Thursday, May 2nd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-524-8416.

Universal Display Co. (NASDAQ:OLED) announced its earnings results on Thursday, February, 22nd. The semiconductor company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.11. The semiconductor company earned $158.32 million during the quarter, compared to the consensus estimate of $161.08 million. Universal Display had a net margin of 35.22% and a trailing twelve-month return on equity of 14.85%. The firm's revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.36 earnings per share.

Universal Display announced a quarterly dividend on Tuesday, February 20th. Shareholders of record on Friday, March 15th will be given a dividend of $0.40 per share on Friday, March 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from the stock's previous quarterly dividend of $0.35.
Read our dividend analysis for OLED.

Universal Display (NASDAQ:OLED) pays an annual dividend of $1.60 per share and currently has a dividend yield of 1.05%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 37.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OLED will have a dividend payout ratio of 29.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OLED.

ETFs with the largest weight of Universal Display (NASDAQ:OLED) stock in their portfolio include iShares Breakthrough Environmental Solutions ETF (ETEC), ProShares Smart Materials ETF (TINT), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), SPDR S&P Semiconductor ETF (XSD), ProShares Metaverse ETF (VERS), Invesco WilderHill Clean Energy ETF (PBW), Harbor Small Cap Explorer ETF (QWST) and Mid Cap US Equity Select ETF (RNMC).

Universal Display issued an update on its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $625.0 million-$675.0 million, compared to the consensus revenue estimate of $666.2 million.

7 employees have rated Universal Display Chief Executive Officer Steven V. Abramson on Glassdoor.com. Steven V. Abramson has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Universal Display investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), Tesla (TSLA), PayPal (PYPL), Adobe (ADBE), Netflix (NFLX), Block (SQ), Advanced Micro Devices (AMD) and Broadcom (AVGO).

Universal Display's stock is owned by many different institutional and retail investors. Top institutional investors include Griffin Asset Management Inc. (1.08%), Wealth Enhancement Advisory Services LLC (0.28%), Portman Square Capital LLP (0.00%), Red Spruce Capital LLC (0.02%), State of Michigan Retirement System (0.02%) and Cardinal Capital Management (0.02%). Insiders that own company stock include Julia J Brown, Lawrence Lacerte, Mauro Premutico, Richard C Elias and Sidney D Rosenblatt.
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Shares of OLED stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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