Universal Display Co. Forecasted to Earn FY2024 Earnings of $4.75 Per Share (NASDAQ:OLED)

Universal Display Co. (NASDAQ:OLED) – Stock analysts at Zacks Research boosted their FY2024 EPS estimates for Universal Display in a research note issued on Monday, September 16th. Zacks Research analyst R. Department now anticipates that the semiconductor company will post earnings per share of $4.75 for the year, up from their previous forecast of $4.74. The consensus estimate for Universal Display’s current full-year earnings is $4.81 per share. Zacks Research also issued estimates for Universal Display’s Q4 2024 earnings at $1.28 EPS, Q2 2025 earnings at $1.16 EPS, Q3 2025 earnings at $1.45 EPS, Q4 2025 earnings at $1.52 EPS, FY2025 earnings at $5.24 EPS, Q1 2026 earnings at $1.41 EPS, Q2 2026 earnings at $1.63 EPS and FY2026 earnings at $6.50 EPS.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). Universal Display had a net margin of 35.74% and a return on equity of 15.25%. The company had revenue of $158.50 million during the quarter, compared to the consensus estimate of $159.46 million. During the same quarter in the prior year, the firm posted $1.04 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis.

Several other analysts have also recently issued reports on the company. Needham & Company LLC upped their price objective on Universal Display from $198.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Roth Mkm upped their price target on shares of Universal Display from $189.00 to $217.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. TD Cowen lifted their price objective on shares of Universal Display from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. The Goldman Sachs Group upped their target price on shares of Universal Display from $208.00 to $243.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Susquehanna increased their price target on shares of Universal Display from $170.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $225.88.

Universal Display Trading Up 0.3 %

Shares of OLED stock opened at $211.44 on Thursday. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of 45.84, a price-to-earnings-growth ratio of 2.17 and a beta of 1.41. Universal Display has a 12-month low of $133.67 and a 12-month high of $237.00. The stock’s 50-day moving average price is $198.88 and its 200-day moving average price is $185.34.

Universal Display Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Monday, September 16th. Universal Display’s dividend payout ratio (DPR) is currently 34.78%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Principal Securities Inc. bought a new stake in shares of Universal Display during the 4th quarter worth approximately $34,000. QRG Capital Management Inc. bought a new stake in shares of Universal Display during the fourth quarter worth $216,000. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Universal Display by 8.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,565 shares of the semiconductor company’s stock valued at $299,000 after purchasing an additional 117 shares during the period. Avantax Advisory Services Inc. bought a new position in shares of Universal Display in the fourth quarter worth about $210,000. Finally, Brown Advisory Inc. increased its stake in Universal Display by 7.0% in the 4th quarter. Brown Advisory Inc. now owns 1,736 shares of the semiconductor company’s stock worth $332,000 after buying an additional 114 shares during the period. Hedge funds and other institutional investors own 78.19% of the company’s stock.

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.