Universal Display (NASDAQ:OLED – Get Free Report) will announce its earnings results after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.99 per share for the quarter. Universal Display has set its FY 2023 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.
Universal Display (NASDAQ:OLED – Get Free Report) last announced its earnings results on Thursday, August 3rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.29. The firm had revenue of $146.57 million for the quarter, compared to analyst estimates of $128.60 million. Universal Display had a net margin of 34.31% and a return on equity of 16.24%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.87 EPS. On average, analysts expect Universal Display to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Universal Display Trading Down 6.1 %
NASDAQ OLED opened at $144.81 on Thursday. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 33.29, a P/E/G ratio of 2.56 and a beta of 1.28. The firm’s 50 day simple moving average is $157.57 and its 200 day simple moving average is $148.93. Universal Display has a 1 year low of $89.52 and a 1 year high of $166.57.
Universal Display Dividend Announcement
Wall Street Analysts Forecast Growth
OLED has been the subject of several research analyst reports. TD Cowen lifted their price target on shares of Universal Display from $150.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, August 7th. StockNews.com began coverage on shares of Universal Display in a research report on Thursday, October 5th. They set a “hold” rating for the company. Citigroup increased their target price on shares of Universal Display from $150.00 to $182.00 and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Needham & Company LLC restated a “buy” rating and set a $175.00 price objective on shares of Universal Display in a research report on Wednesday, September 13th. Finally, The Goldman Sachs Group raised their price target on shares of Universal Display from $168.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Universal Display presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.22.
Read Our Latest Stock Report on Universal Display
Insider Buying and Selling
In other Universal Display news, SVP Mauro Premutico sold 9,351 shares of Universal Display stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $161.17, for a total transaction of $1,507,100.67. Following the completion of the sale, the senior vice president now directly owns 33,220 shares in the company, valued at approximately $5,354,067.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Richard C. Elias sold 2,000 shares of Universal Display stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $157.68, for a total transaction of $315,360.00. Following the completion of the transaction, the director now directly owns 5,767 shares of the company’s stock, valued at approximately $909,340.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Mauro Premutico sold 9,351 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $161.17, for a total transaction of $1,507,100.67. Following the completion of the sale, the senior vice president now directly owns 33,220 shares of the company’s stock, valued at approximately $5,354,067.40. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.
Institutional Trading of Universal Display
A number of large investors have recently made changes to their positions in OLED. Public Employees Retirement System of Ohio raised its position in Universal Display by 0.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 22,438 shares of the semiconductor company’s stock worth $2,424,000 after acquiring an additional 147 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Universal Display by 0.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 21,445 shares of the semiconductor company’s stock worth $2,024,000 after acquiring an additional 150 shares in the last quarter. HighTower Advisors LLC raised its position in Universal Display by 2.0% in the first quarter. HighTower Advisors LLC now owns 9,647 shares of the semiconductor company’s stock worth $1,610,000 after acquiring an additional 189 shares in the last quarter. Cerity Partners LLC raised its position in Universal Display by 8.6% in the fourth quarter. Cerity Partners LLC now owns 2,654 shares of the semiconductor company’s stock worth $287,000 after acquiring an additional 211 shares in the last quarter. Finally, Yousif Capital Management LLC raised its position in Universal Display by 1.1% in the first quarter. Yousif Capital Management LLC now owns 22,569 shares of the semiconductor company’s stock worth $3,768,000 after acquiring an additional 239 shares in the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.
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. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.
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