Universal Display Corporation (NASDAQ:OLED – Get Free Report)’s share price gapped up prior to trading on Friday following a dividend announcement from the company. The stock had previously closed at $87.09, but opened at $94.56. Universal Display shares last traded at $94.8010, with a volume of 331,161 shares.
The newly announced dividend which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 2.1%. Universal Display’s dividend payout ratio (DPR) is presently 39.45%.
Analysts Set New Price Targets
A number of analysts recently commented on OLED shares. Zacks Research lowered Universal Display from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group set a $135.00 price target on Universal Display in a research note on Tuesday, April 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Universal Display in a research note on Monday, March 23rd. Citigroup decreased their price objective on Universal Display from $130.00 to $105.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Finally, Roth Mkm reiterated a “buy” rating and issued a $180.00 price objective on shares of Universal Display in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Universal Display has an average rating of “Hold” and an average target price of $135.00.
Universal Display Stock Up 8.9%
The firm has a fifty day moving average price of $96.82 and a two-hundred day moving average price of $115.15. The stock has a market capitalization of $4.43 billion, a P/E ratio of 18.78, a P/E/G ratio of 7.27 and a beta of 1.65.
Universal Display (NASDAQ:OLED – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.37). Universal Display had a net margin of 37.21% and a return on equity of 14.07%. The company had revenue of $142.21 million for the quarter, compared to the consensus estimate of $161.23 million. During the same quarter in the previous year, the business earned $1.35 earnings per share. Universal Display’s revenue was down 14.5% compared to the same quarter last year. Sell-side analysts anticipate that Universal Display Corporation will post 4.82 earnings per share for the current fiscal year.
Universal Display News Summary
Here are the key news stories impacting Universal Display this week:
- Positive Sentiment: Company authorized a $400 million share repurchase program and declared a $0.50 quarterly dividend (2.3% yield), which supports buybacks/returns and can boost EPS and investor confidence. Buyback & Dividend Announcement
- Positive Sentiment: Needham cut its price target to $120 from $145 but kept a “buy” rating — the new PT implies meaningful upside from current levels and signals continued analyst conviction despite near-term softness. Benzinga The Fly
- Neutral Sentiment: Company will present technical advances (high-efficiency blue) at SID Display Week — a longer-term positive for IP/competitive positioning but unlikely to move near-term revenue. SID Presentation
- Neutral Sentiment: Full Q1 earnings materials and call transcript are available for detail; use these to judge client demand commentary and margin drivers. Press Release / Call Transcript
- Negative Sentiment: Q1 results missed expectations: EPS $0.76 vs. $1.13 est., revenue $142.2M vs. $161.2M est.; revenue down ~14.5% y/y — a clear near-term earnings and demand weakness. Weak Q1 Report
- Negative Sentiment: Management revised 2026 revenue guidance to $630M–$670M (below prior/consensus), flagging softer demand; this is the principal driver of the stock’s decline today. Guidance Revision
Institutional Investors Weigh In On Universal Display
Several institutional investors have recently modified their holdings of OLED. Smartleaf Asset Management LLC boosted its position in shares of Universal Display by 309.8% during the third quarter. Smartleaf Asset Management LLC now owns 209 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 158 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Universal Display during the third quarter valued at $33,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Universal Display during the third quarter valued at $37,000. Farther Finance Advisors LLC boosted its position in shares of Universal Display by 27.2% during the third quarter. Farther Finance Advisors LLC now owns 351 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 75 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Universal Display by 104.2% during the third quarter. Jones Financial Companies Lllp now owns 388 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 198 shares during the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.
About Universal Display
Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.
Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.
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