FY2024 EPS Forecast for Universal Display Lowered by Analyst

Universal Display Co. (NASDAQ:OLED) – Equities researchers at Zacks Research cut their FY2024 earnings per share (EPS) estimates for Universal Display in a report issued on Tuesday, February 11th. Zacks Research analyst R. Department now forecasts that the semiconductor company will post earnings of $4.75 per share for the year, down from their prior forecast 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.

Other equities analysts have also issued research reports about the company. Citigroup lowered their price objective on Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Needham & Company LLC reissued a “buy” rating and set a $215.00 price objective on shares of Universal Display in a research note on Thursday, January 16th. The Goldman Sachs Group lowered their price objective 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. TD Cowen lowered their price objective 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. Finally, Oppenheimer lowered their price objective 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. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $199.57.

Universal Display Price Performance

Shares of NASDAQ:OLED opened at $142.50 on Friday. The business’s 50 day moving average price is $149.60 and its 200-day moving average price is $175.50. The firm has a market capitalization of $6.76 billion, a PE ratio of 28.61, a P/E/G ratio of 1.57 and a beta of 1.39. Universal Display has a 1 year low of $140.17 and a 1 year high of $237.00.

Institutional Investors Weigh In On Universal Display

Several institutional investors and hedge funds have recently modified their holdings of OLED. CWM LLC raised its holdings in shares of Universal Display by 390.9% in the 3rd 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 period. Creative Planning increased its holdings in Universal Display by 16.1% during the 3rd 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 period. Swedbank AB increased its holdings in Universal Display by 14.9% during the 3rd 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 period. Vontobel Holding Ltd. increased its holdings in Universal Display by 1.8% during the 3rd 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 period. Finally, Heritage Family Offices LLP purchased a new stake in Universal Display during the 3rd 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.