Universal Display (NASDAQ:OLED – Get Free Report) posted its quarterly earnings results on Wednesday. The semiconductor company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.10, FiscalAI reports. The company had revenue of $160.43 million during the quarter, compared to the consensus estimate of $162.72 million. Universal Display had a return on equity of 11.35% and a net margin of 32.24%.
Universal Display Stock Performance
Shares of Universal Display stock traded up $0.05 on Wednesday, reaching $90.41. The stock had a trading volume of 1,067,352 shares, compared to its average volume of 795,902. The business’s 50-day moving average price is $80.71 and its two-hundred day moving average price is $92.79. Universal Display has a fifty-two week low of $70.77 and a fifty-two week high of $152.24. The stock has a market cap of $4.16 billion, a P/E ratio of 21.89 and a beta of 1.53.
Wall Street Analyst Weigh In
OLED has been the subject of a number of analyst reports. Citigroup cut shares of Universal Display from a “neutral” rating to a “sell” rating and reduced their target price for the company from $85.00 to $71.00 in a research note on Thursday, October 8th. Zacks Research raised shares of Universal Display from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 13th. Needham & Company LLC decreased their price objective on shares of Universal Display from $120.00 to $100.00 and set a “buy” rating for the company in a report on Friday, July 31st. Susquehanna lowered their target price on shares of Universal Display from $110.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Universal Display in a report on Monday. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $114.00.
Check Out Our Latest Stock Report on OLED
About Universal Display
Universal Display Corporation (NASDAQ: OLED) develops and commercializes technologies and materials used in organic light-emitting diode (OLED) displays and lighting. The company’s portfolio includes phosphorescent OLED (PHOLED) materials, which are designed to improve display efficiency, along with OLED research, development and manufacturing technologies.
Universal Display supplies OLED emitter materials and related products to display manufacturers and licenses its intellectual property and technology.
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