Zacks Research Cuts Earnings Estimates for Universal Display

Universal Display Co. (NASDAQ:OLED) – Equities researchers at Zacks Research decreased their FY2024 earnings per share (EPS) estimates for Universal Display in a note issued to investors on Tuesday, February 11th. Zacks Research analyst R. Department now forecasts that the semiconductor company will earn $4.75 per share for the year, down from their prior estimate of $4.76. The consensus estimate for Universal Display’s current full-year earnings is $4.77 per share. Zacks Research also issued estimates for Universal Display’s Q2 2025 earnings at $1.01 EPS, FY2025 earnings at $4.55 EPS, Q4 2026 earnings at $1.45 EPS and FY2026 earnings at $5.44 EPS.

A number of other research firms have also recently commented on OLED. Needham & Company LLC reiterated a “buy” rating and issued a $215.00 price objective on shares of Universal Display in a report on Thursday, January 16th. Oppenheimer decreased their price target on Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, January 2nd. TD Cowen decreased their price target on Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Citigroup decreased their price target on Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, The Goldman Sachs Group decreased their price target on Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.57.

Universal Display Stock Performance

OLED opened at $143.71 on Friday. Universal Display has a one year low of $140.17 and a one year high of $237.00. The stock has a market capitalization of $6.82 billion, a PE ratio of 28.86, a P/E/G ratio of 1.57 and a beta of 1.39. The business’s 50 day moving average price is $149.91 and its 200 day moving average price is $176.10.

Hedge Funds Weigh In On Universal Display

Several large investors have recently bought and sold shares of OLED. CWM LLC increased its holdings in Universal Display by 390.9% in the third quarter. CWM LLC now owns 5,586 shares of the semiconductor company’s stock valued at $1,173,000 after buying an additional 4,448 shares during the last quarter. Creative Planning grew its holdings in shares of Universal Display by 16.1% during the third quarter. Creative Planning now owns 15,406 shares of the semiconductor company’s stock worth $3,234,000 after purchasing an additional 2,132 shares during the last quarter. Swedbank AB grew its holdings in shares of Universal Display by 14.9% during the third quarter. Swedbank AB now owns 5,364 shares of the semiconductor company’s stock worth $1,126,000 after purchasing an additional 696 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Universal Display by 1.8% during the third quarter. Vontobel Holding Ltd. now owns 167,347 shares of the semiconductor company’s stock worth $35,126,000 after purchasing an additional 2,885 shares during the last quarter. Finally, Heritage Family Offices LLP purchased a new position in shares of Universal Display during the third quarter worth about $408,000. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Universal Display Company Profile

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.