Q3 EPS Forecast for Universal Display Decreased by Analyst

Universal Display Corporation (NASDAQ:OLED - Free Report) - Research analysts at Zacks Research reduced their Q3 2027 EPS estimates for shares of Universal Display in a research note issued to investors on Wednesday, October 22nd. Zacks Research analyst Team now anticipates that the semiconductor company will earn $1.56 per share for the quarter, down from their previous estimate of $1.57. Zacks Research has a "Strong-Buy" rating on the stock. The consensus estimate for Universal Display's current full-year earnings is $4.71 per share.

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

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Universal Display in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $190.43.

Universal Display Stock Up 2.2%

Shares of NASDAQ:OLED opened at $149.22 on Friday. The firm has a market cap of $7.09 billion, a P/E ratio of 29.14, a P/E/G ratio of 4.28 and a beta of 1.55. Universal Display has a 12-month low of $103.70 and a 12-month high of $214.57. The business has a fifty day simple moving average of $142.84 and a 200 day simple moving average of $143.26.

Universal Display Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, September 16th. Universal Display's dividend payout ratio (DPR) is presently 35.16%.

Institutional Investors Weigh In On Universal Display

A number of hedge funds have recently added to or reduced their stakes in the business. Cardinal Capital Management increased its holdings in Universal Display by 4.7% in the third quarter. Cardinal Capital Management now owns 10,919 shares of the semiconductor company's stock worth $1,568,000 after purchasing an additional 490 shares in the last quarter. SG Americas Securities LLC increased its holdings in Universal Display by 855.4% in the third quarter. SG Americas Securities LLC now owns 17,312 shares of the semiconductor company's stock worth $2,487,000 after purchasing an additional 15,500 shares in the last quarter. D.A. Davidson & CO. acquired a new position in shares of Universal Display during the 3rd quarter valued at $415,000. Global Retirement Partners LLC lifted its position in shares of Universal Display by 485.0% during the 3rd quarter. Global Retirement Partners LLC now owns 778 shares of the semiconductor company's stock valued at $112,000 after acquiring an additional 645 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of Universal Display by 2.4% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 8,415 shares of the semiconductor company's stock valued at $1,209,000 after acquiring an additional 200 shares during the period. 78.19% of the stock is currently owned by institutional investors.

Universal Display Company Profile

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.

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