Universal Display (OLED) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Universal Display in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" OLED shares.
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8 analysts have issued 12 month price objectives for Universal Display's shares. Their OLED share price forecasts range from $135.00 to $185.00. On average, they expect the company's share price to reach $167.22 in the next year. This suggests a possible upside of 5.5% from the stock's current price.
View analysts price targets for OLED or view top-rated stocks among Wall Street analysts.

Universal Display's stock was trading at $108.04 at the beginning of 2023. Since then, OLED stock has increased by 46.7% and is now trading at $158.46.
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Universal Display saw a drop in short interest in August. As of August 31st, there was short interest totaling 1,010,000 shares, a drop of 21.1% from the August 15th total of 1,280,000 shares. Based on an average daily volume of 286,200 shares, the short-interest ratio is presently 3.5 days. Currently, 2.3% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our OLED earnings forecast.

Universal Display Co. (NASDAQ:OLED) announced its quarterly earnings data on Thursday, August, 3rd. The semiconductor company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.75 by $0.29. The semiconductor company earned $146.57 million during the quarter, compared to analysts' expectations of $128.60 million. Universal Display had a net margin of 34.31% and a trailing twelve-month return on equity of 16.24%. Universal Display's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.87 EPS.

Universal Display announced a quarterly dividend on Tuesday, August 1st. Investors of record on Friday, September 15th will be paid a dividend of $0.35 per share on Friday, September 29th. This represents a $1.40 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for OLED.

ETFs with the largest weight of Universal Display (NASDAQ:OLED) stock in their portfolio include ProShares Smart Materials ETF (TINT), iShares Breakthrough Environmental Solutions ETF (ETEC), SPDR S&P Semiconductor ETF (XSD), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), ProShares Metaverse ETF (VERS), Invesco WilderHill Clean Energy ETF (PBW), Blue Horizon BNE ETF (BNE) and Harbor Small Cap Explorer ETF (QWST).

Universal Display (NASDAQ:OLED) pays an annual dividend of $1.40 per share and currently has a dividend yield of 0.88%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 32.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OLED will have a dividend payout ratio of 30.04% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OLED.

Universal Display updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $560.00 million-$600.00 million, compared to the consensus revenue estimate of $573.72 million.

7 employees have rated Universal Display Chief Executive Officer Steven V. Abramson on Glassdoor.com. Steven V. Abramson has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Universal Display investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), Tesla (TSLA), PayPal (PYPL), Adobe (ADBE), Netflix (NFLX), Block (SQ), Advanced Micro Devices (AMD) and Broadcom (AVGO).

Universal Display trades on the NASDAQ under the ticker symbol "OLED."

Universal Display's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.44%), State Street Corp (3.21%), Alliancebernstein L.P. (3.03%), Jennison Associates LLC (1.75%), Geode Capital Management LLC (1.66%) and Copeland Capital Management LLC (1.18%). Insiders that own company stock include C Keith Hartley, Julia J Brown, Julia J Brown, Lawrence Lacerte, Mauro Premutico, Richard C Elias and Sidney D Rosenblatt.
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Shares of OLED stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of OLED stock can currently be purchased for approximately $158.46.

Universal Display (NASDAQ:OLED) has a market capitalization of $7.50 billion and generates $616.62 million in revenue each year. The semiconductor company earns $210.06 million in net income (profit) each year or $4.35 on an earnings per share basis.

The company employs 443 workers across the globe.

Universal Display's mailing address is 375 PHILLIPS BOULEVARD, EWING NJ, 08618. The official website for the company is www.oled.com. The semiconductor company can be reached via phone at (609) 671-0980, via email at investor@oled.com, or via fax at 609-671-0995.