Zacks Research Issues Optimistic Forecast for OLED Earnings

Key Points

• Zacks Research raised Universal Display’s Q3 2028 EPS forecast to $1.42 from $1.41, while maintaining a “Hold” rating; full-year consensus EPS is $4.17.
• Analyst sentiment has weakened, with several firms cutting price targets or downgrading the stock. The consensus rating remains “Hold,” with a $114 average price target.
• Universal Display shares opened at $75.66, near the lower end of their 52-week range, while the company reported recent EPS above estimates but revenue fell 11.4% year over year. The company also pays a $2.00 annualized dividend, yielding about 2.6%.

Universal Display Corporation (NASDAQ:OLED - Free Report) - Research analysts at Zacks Research lifted their Q3 2028 earnings estimates for Universal Display in a report released on Monday, October 12th. Zacks Research analyst Team now forecasts that the semiconductor company will post earnings per share of $1.42 for the quarter, up from their previous estimate of $1.41. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Universal Display's current full-year earnings is $4.17 per share.

OLED has been the topic of several other reports. Needham & Company LLC cut their target price 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 Universal Display to a "neutral" rating in a research report on Friday, July 31st. Weiss Ratings lowered Universal Display from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, July 28th. Susquehanna dropped their price target on Universal Display from $110.00 to $90.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. Finally, Citigroup downgraded Universal Display from a "neutral" rating to a "sell" rating and cut their price objective for the stock from $85.00 to $71.00 in a report on Thursday, October 8th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $114.00.

Universal Display Stock Up 0.7%

Shares of OLED opened at $75.66 on Wednesday. Universal Display has a fifty-two week low of $70.77 and a fifty-two week high of $153.38. The company's fifty day moving average is $81.90 and its two-hundred day moving average is $86.45. The firm has a market cap of $3.48 billion, a PE ratio of 18.32 and a beta of 1.53.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.03 by $0.03. The firm had revenue of $152.16 million during the quarter, compared to analyst estimates of $157.54 million. Universal Display had a net margin of 32.24% and a return on equity of 11.35%. Universal Display's revenue for the quarter was down 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.41 earnings per share.

Institutional Investors Weigh In On Universal Display

Several large investors have recently made changes to their positions in OLED. Copeland Capital Management LLC raised its stake in shares of Universal Display by 10.5% in the 3rd quarter. Copeland Capital Management LLC now owns 612,153 shares of the semiconductor company's stock valued at $47,160,000 after acquiring an additional 58,253 shares during the period. NorthCrest Asset Manangement LLC acquired a new position in shares of Universal Display during the 3rd quarter valued at $263,000. GAMMA Investing LLC boosted its position in Universal Display by 373.0% during the 3rd quarter. GAMMA Investing LLC now owns 965 shares of the semiconductor company's stock worth $74,000 after purchasing an additional 761 shares during the period. Green Alpha Advisors LLC boosted its position in Universal Display by 36.5% during the 3rd quarter. Green Alpha Advisors LLC now owns 6,352 shares of the semiconductor company's stock worth $489,000 after purchasing an additional 1,698 shares during the period. Finally, Elevation Wealth Partners LLC purchased a new stake in Universal Display during the 3rd quarter worth $51,000. Institutional investors and hedge funds own 78.19% of the company's stock.

Universal Display Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.6%. The ex-dividend date was Wednesday, September 16th. Universal Display's payout ratio is currently 48.43%.

Universal Display Company Profile

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.

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