Zacks Research Cuts Earnings Estimates for Universal Display

Universal Display Corporation (NASDAQ:OLED) – Investment analysts at Zacks Research lowered their Q3 2027 earnings per share estimates for Universal Display in a research report issued to clients and investors on Wednesday, October 22nd. Zacks Research analyst Team now forecasts that the semiconductor company will post earnings of $1.56 per share for the quarter, down from their previous forecast of $1.57. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Universal Display’s current full-year earnings is $4.71 per share.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Universal Display in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $190.43.

Universal Display Stock Performance

Shares of NASDAQ OLED opened at $147.01 on Friday. The stock has a market cap of $6.99 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 4.38 and a beta of 1.55. Universal Display has a fifty-two week low of $103.70 and a fifty-two week high of $214.57. The stock has a fifty day moving average of $142.95 and a 200-day moving average of $143.54.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.23. The company had revenue of $171.79 million during the quarter, compared to analysts’ expectations of $161.58 million. Universal Display had a return on equity of 15.82% and a net margin of 36.95%.The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 earnings per share. Universal Display has set its FY 2025 guidance at EPS.

Universal Display Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, September 16th. Universal Display’s payout ratio is presently 35.16%.

Hedge Funds Weigh In On Universal Display

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OLED. GAMMA Investing LLC grew its position in Universal Display by 134.1% during the first quarter. GAMMA Investing LLC now owns 962 shares of the semiconductor company’s stock worth $134,000 after buying an additional 551 shares in the last quarter. State of Alaska Department of Revenue grew its position in Universal Display by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 5,172 shares of the semiconductor company’s stock worth $721,000 after buying an additional 135 shares in the last quarter. Bessemer Group Inc. grew its position in Universal Display by 3.8% during the first quarter. Bessemer Group Inc. now owns 2,603 shares of the semiconductor company’s stock worth $363,000 after buying an additional 95 shares in the last quarter. Golden State Wealth Management LLC grew its position in Universal Display by 4,700.0% during the first quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company’s stock worth $33,000 after buying an additional 235 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its position in Universal Display by 4.9% during the first quarter. Perigon Wealth Management LLC now owns 2,709 shares of the semiconductor company’s stock worth $378,000 after buying an additional 127 shares in the last quarter. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

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.