FY2027 EPS Forecast for Universal Display Raised by Analyst

Universal Display Corporation (NASDAQ:OLED - Free Report) - Analysts at Zacks Research raised their FY2027 earnings estimates for Universal Display in a research report issued on Wednesday, July 9th. Zacks Research analyst R. Department now anticipates that the semiconductor company will post earnings per share of $6.18 for the year, up from their previous estimate of $6.17. The consensus estimate for Universal Display's current full-year earnings is $4.71 per share.

Several other research analysts have also commented on OLED. Wall Street Zen upgraded Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and issued a $170.00 price target on shares of Universal Display in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $190.43.

Universal Display Stock Performance

Shares of NASDAQ OLED traded down $2.19 during trading on Friday, hitting $155.49. 392,981 shares of the company were exchanged, compared to its average volume of 613,045. Universal Display has a 12-month low of $103.70 and a 12-month high of $237.00. The company has a fifty day moving average price of $152.01 and a 200-day moving average price of $145.13. The firm has a market capitalization of $7.39 billion, a PE ratio of 32.33, a P/E/G ratio of 1.70 and a beta of 1.51.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.28. The firm had revenue of $166.28 million for the quarter, compared to the consensus estimate of $154.76 million. Universal Display had a net margin of 35.40% and a return on equity of 15.35%. The company's revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the firm posted $1.19 earnings per share.

Universal Display Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.16%. The ex-dividend date was Monday, June 16th. Universal Display's dividend payout ratio (DPR) is presently 37.42%.

Institutional Trading of Universal Display

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OLED. Rise Advisors LLC increased its stake in Universal Display by 87.9% during the 1st quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company's stock worth $26,000 after buying an additional 87 shares during the period. Orion Capital Management LLC purchased a new stake in Universal Display during the 4th quarter worth approximately $29,000. Brown Brothers Harriman & Co. increased its stake in Universal Display by 280.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock worth $31,000 after buying an additional 154 shares during the period. Golden State Wealth Management LLC increased its stake in Universal Display by 4,700.0% during the 1st 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 during the period. Finally, Brooklyn Investment Group boosted its holdings in Universal Display by 98.5% in the first quarter. Brooklyn Investment Group now owns 270 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 134 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.