Equities analysts forecast that Universal Display Co. (NASDAQ:OLED) will report earnings per share of $0.82 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Universal Display’s earnings, with estimates ranging from $0.76 to $0.86. Universal Display reported earnings per share of $0.55 during the same quarter last year, which suggests a positive year-over-year growth rate of 49.1%. The business is expected to issue its next quarterly earnings results after the market closes on Thursday, February 22nd.
On average, analysts expect that Universal Display will report full year earnings of $2.34 per share for the current financial year, with EPS estimates ranging from $2.28 to $2.37. For the next year, analysts expect that the company will post earnings of $3.04 per share, with EPS estimates ranging from $2.90 to $3.20. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Universal Display.
Several equities analysts have recently issued reports on OLED shares. Cowen set a $140.00 target price on shares of Universal Display and gave the company a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research upgraded shares of Universal Display from a “hold” rating to a “buy” rating and set a $198.00 target price for the company in a report on Wednesday, November 15th. Deutsche Bank lifted their target price on shares of Universal Display to $150.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Cross Research lowered shares of Universal Display from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Universal Display in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $164.80.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp raised its holdings in Universal Display by 2.6% in the 2nd quarter. Stifel Financial Corp now owns 3,362 shares of the semiconductor company’s stock worth $370,000 after acquiring an additional 86 shares during the last quarter. Advisor Group Inc. raised its holdings in Universal Display by 5.3% in the 2nd quarter. Advisor Group Inc. now owns 2,649 shares of the semiconductor company’s stock worth $286,000 after acquiring an additional 134 shares during the last quarter. Alps Advisors Inc. raised its holdings in Universal Display by 9.8% in the 4th quarter. Alps Advisors Inc. now owns 3,900 shares of the semiconductor company’s stock worth $673,000 after acquiring an additional 347 shares during the last quarter. Eqis Capital Management Inc. raised its holdings in Universal Display by 9.0% in the 4th quarter. Eqis Capital Management Inc. now owns 4,291 shares of the semiconductor company’s stock worth $741,000 after acquiring an additional 353 shares during the last quarter. Finally, Glassman Wealth Services raised its holdings in Universal Display by 60.7% in the 4th quarter. Glassman Wealth Services now owns 961 shares of the semiconductor company’s stock worth $166,000 after acquiring an additional 363 shares during the last quarter. Institutional investors own 64.50% of the company’s stock.
Universal Display (NASDAQ:OLED) traded down $10.25 during mid-day trading on Thursday, hitting $139.80. 1,952,761 shares of the stock traded hands, compared to its average volume of 1,450,000. Universal Display has a 1 year low of $63.40 and a 1 year high of $209.00. The stock has a market capitalization of $6,580.00, a price-to-earnings ratio of 66.89 and a beta of 0.90.
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About Universal Display
Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers.
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