Zacks Research Has Positive Outlook for OLED FY2027 Earnings

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

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

Other analysts also recently issued research reports about the company. Wall Street Zen upgraded Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and issued a $170.00 target price on shares of Universal Display in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $190.43.

Universal Display Price Performance

NASDAQ OLED traded down $2.44 during trading hours on Friday, reaching $153.05. 421,634 shares of the stock traded hands, compared to its average volume of 689,780. The stock has a 50 day simple moving average of $152.01 and a two-hundred day simple moving average of $145.04. Universal Display has a 1 year low of $103.70 and a 1 year high of $237.00. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 1.68 and a beta of 1.51.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OLED. Kayne Anderson Rudnick Investment Management LLC increased its position in Universal Display by 73.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,407,846 shares of the semiconductor company's stock valued at $614,806,000 after buying an additional 1,871,333 shares in the last quarter. Norges Bank bought a new stake in shares of Universal Display during the fourth quarter valued at approximately $95,924,000. Brown Advisory Inc. purchased a new stake in shares of Universal Display during the first quarter valued at $72,327,000. FengHe Fund Management Pte. Ltd. purchased a new position in Universal Display in the 1st quarter worth about $41,147,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Universal Display during the 4th quarter valued at about $41,504,000. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Monday, June 16th. Universal Display's payout ratio is 37.42%.

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.