Zacks Research Issues Pessimistic Estimate for OLED Earnings

Universal Display Corporation (NASDAQ:OLED) – Stock analysts at Zacks Research decreased their Q1 2027 earnings per share (EPS) estimates for Universal Display in a research note issued on Friday, July 10th. Zacks Research analyst Team now expects that the semiconductor company will earn $1.03 per share for the quarter, down from their prior forecast of $1.06. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Universal Display’s current full-year earnings is $4.23 per share. Zacks Research also issued estimates for Universal Display’s Q2 2027 earnings at $1.22 EPS, Q3 2027 earnings at $1.37 EPS, Q4 2027 earnings at $1.30 EPS, Q2 2028 earnings at $1.34 EPS and FY2028 earnings at $5.65 EPS.

OLED has been the subject of several other reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Universal Display in a report on Thursday, June 18th. Oppenheimer decreased their price objective on shares of Universal Display from $160.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. The Goldman Sachs Group set a $135.00 price objective on shares of Universal Display in a report on Tuesday, April 21st. Needham & Company LLC cut their target price on shares of Universal Display from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Finally, Roth Capital set a $168.00 target price on Universal Display in a report on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Universal Display currently has a consensus rating of “Hold” and a consensus price target of $130.60.

Universal Display Stock Performance

OLED opened at $81.04 on Monday. The firm’s 50-day simple moving average is $88.88 and its 200-day simple moving average is $101.27. Universal Display has a twelve month low of $77.15 and a twelve month high of $156.46. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 18.09 and a beta of 1.54.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.37). The company had revenue of $142.21 million for the quarter, compared to the consensus estimate of $161.23 million. Universal Display had a net margin of 34.08% and a return on equity of 12.34%. The firm’s revenue was down 14.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.35 earnings per share.

Universal Display Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. Universal Display’s payout ratio is presently 44.64%.

Hedge Funds Weigh In On Universal Display

Large investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Universal Display during the 4th quarter worth approximately $92,756,000. JPMorgan Chase & Co. lifted its holdings in Universal Display by 86.4% in the fourth quarter. JPMorgan Chase & Co. now owns 880,678 shares of the semiconductor company’s stock valued at $102,846,000 after buying an additional 408,315 shares during the period. Analog Century Management LP bought a new position in Universal Display in the fourth quarter valued at approximately $46,914,000. UBS Group AG boosted its stake in Universal Display by 100.8% in the fourth quarter. UBS Group AG now owns 646,787 shares of the semiconductor company’s stock valued at $75,532,000 after acquiring an additional 324,677 shares during the last quarter. Finally, XXEC Inc. grew its holdings in Universal Display by 489.3% during the 1st quarter. XXEC Inc. now owns 386,937 shares of the semiconductor company’s stock worth $35,467,000 after acquiring an additional 321,276 shares during the period. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Company Profile

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.