Universal Display (NASDAQ:OLED) Releases Earnings Results, Misses Expectations By $0.27 EPS

Universal Display (NASDAQ:OLED) reported earnings of $0.92 per share, missing estimates of $1.15 by $0.23. The company's revenue fell 13.6% year-over-year. Following the announcement, shares dropped 7.8% to $135.34. Analysts have mixed ratings, with a consensus of "Moderate Buy" and an average price target of $184.67. Institutional investors hold 78.19% of the stock, indicating strong interest. Universal Display specializes in OLED technologies for displays and lighting applications.

Universal Display (NASDAQ:OLED - Get Free Report) issued its earnings results on Thursday. The semiconductor company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.27), Zacks reports. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The company's quarterly revenue was down 13.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.40 EPS. Universal Display updated its FY 2025 guidance to EPS.

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Universal Display Stock Down 7.8%

Shares of NASDAQ:OLED traded down $11.41 on Thursday, hitting $135.34. The company had a trading volume of 1,120,053 shares, compared to its average volume of 644,778. The firm's 50-day simple moving average is $143.66 and its two-hundred day simple moving average is $145.65. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 26.43, a P/E/G ratio of 4.38 and a beta of 1.60. Universal Display has a 1 year low of $103.70 and a 1 year high of $189.58.

Analysts Set New Price Targets

A number of analysts have recently weighed in on OLED shares. Zacks Research raised Universal Display from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 21st. Weiss Ratings restated a "hold (c)" rating on shares of Universal Display in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $184.67.

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Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors lifted its holdings in shares of Universal Display by 4.6% during the second quarter. Captrust Financial Advisors now owns 3,027 shares of the semiconductor company's stock valued at $468,000 after purchasing an additional 134 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Universal Display by 7.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,040 shares of the semiconductor company's stock worth $315,000 after acquiring an additional 136 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Universal Display by 6.4% in the first quarter. Focus Partners Wealth now owns 3,680 shares of the semiconductor company's stock worth $513,000 after acquiring an additional 221 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Universal Display by 2.3% during the second quarter. American Century Companies Inc. now owns 12,766 shares of the semiconductor company's stock valued at $1,972,000 after acquiring an additional 285 shares in the last quarter. Finally, MML Investors Services LLC raised its position in shares of Universal Display by 3.9% in the 2nd quarter. MML Investors Services LLC now owns 8,553 shares of the semiconductor company's stock worth $1,321,000 after purchasing an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 78.19% of the company's stock.

About Universal Display

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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.

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