Universal Display (NASDAQ:OLED) Issues Quarterly Earnings Results

Universal Display (NASDAQ:OLED) released its quarterly earnings data on Thursday. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.08 by $0.14, Zacks reports. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The company had revenue of $162.29 million for the quarter, compared to analyst estimates of $152.75 million. Universal Display updated its FY 2025 guidance to EPS.

Universal Display Price Performance

Shares of OLED stock traded up $9.96 on Friday, hitting $157.30. 2,034,691 shares of the stock traded hands, compared to its average volume of 637,870. Universal Display has a 1-year low of $140.17 and a 1-year high of $237.00. The company’s fifty day moving average is $148.41 and its 200 day moving average is $173.75. The company has a market capitalization of $7.47 billion, a PE ratio of 33.83, a PEG ratio of 1.61 and a beta of 1.39.

Universal Display Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.45 per share. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Monday, March 17th. Universal Display’s dividend payout ratio is currently 34.41%.

Analyst Upgrades and Downgrades

OLED has been the topic of several recent analyst reports. Roth Mkm boosted their price target on Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research note on Friday. The Goldman Sachs Group cut their target price on Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Citigroup cut their target price on Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Susquehanna cut their target price on Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Needham & Company LLC cut their target price on Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $190.43.

About Universal Display

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.