Roth Capital Issues Pessimistic Forecast for OLED Earnings

Universal Display Co. (NASDAQ:OLED - Free Report) - Analysts at Roth Capital dropped their Q3 2026 EPS estimates for Universal Display in a research report issued on Thursday, May 1st. Roth Capital analyst S. Searle now expects that the semiconductor company will post earnings of $1.44 per share for the quarter, down from their previous forecast of $1.53. The consensus estimate for Universal Display's current full-year earnings is $4.71 per share. Roth Capital also issued estimates for Universal Display's Q4 2026 earnings at $1.76 EPS and FY2026 earnings at $5.62 EPS.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.28. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The business had revenue of $166.28 million during the quarter, compared to the consensus estimate of $154.76 million. During the same period in the prior year, the business posted $1.19 EPS. The company's revenue for the quarter was up .6% on a year-over-year basis.

A number of other equities research analysts have also recently commented on the stock. Roth Mkm increased their price objective on shares of Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Susquehanna dropped their price objective on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Needham & Company LLC reaffirmed a "buy" rating and issued a $170.00 target price on shares of Universal Display in a research note on Friday. Citigroup lowered their target price on Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. Finally, The Goldman Sachs Group cut their price target on Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display Stock Performance

Universal Display stock opened at $144.02 on Monday. Universal Display has a fifty-two week low of $103.70 and a fifty-two week high of $237.00. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46. The stock's fifty day moving average is $135.55 and its two-hundred day moving average is $151.89.

Universal Display Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Monday, June 16th. Universal Display's dividend payout ratio is presently 37.42%.

Institutional Investors Weigh In On Universal Display

A number of hedge funds and other institutional investors have recently made changes to their positions in OLED. Barclays PLC grew its holdings in Universal Display by 753.8% in the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock valued at $44,608,000 after buying an additional 187,627 shares during the period. Tidal Investments LLC boosted its position in shares of Universal Display by 9.2% in the third quarter. Tidal Investments LLC now owns 7,037 shares of the semiconductor company's stock worth $1,477,000 after acquiring an additional 595 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in Universal Display by 35.5% in the third quarter. B. Riley Wealth Advisors Inc. now owns 1,759 shares of the semiconductor company's stock valued at $369,000 after purchasing an additional 461 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Universal Display by 95.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 189,603 shares of the semiconductor company's stock worth $27,720,000 after purchasing an additional 92,410 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in Universal Display by 5.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 8,812 shares of the semiconductor company's stock worth $1,288,000 after purchasing an additional 432 shares during the last quarter. Hedge funds and other institutional investors own 78.19% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.