Universal Display (OLED) Stock Price, News & Analysis

Company Overview

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. It is also involved in the research, development, and commercialization of other OLED device and manufacturing technologies, including FOLED that are flexible OLEDs for the fabrication of OLEDs on flexible substrates; and OVJP, an organic vapor jet printing technology. In addition, the company provides technology development and support services, including third-party collaboration and support to third parties for the commercialization of their OLED products; and contract research services in the areas of chemical synthesis research, development, and commercialization for non-OLED applications, as well as engages in the intellectual property and technology licensing activities. Universal Display Corporation was founded in 1985 and is headquartered in Ewing, New Jersey.

Key Stats

• Today's Range: $149.23 to $153.55
• 50-Day Range: $149.11 to $213.83
• 52-Week Range: $148.09 to $237.00
• Volume: 1.85 million shs
• Average Volume: 407,435 shs
• Market Capitalization: $7.10 billion
• P/E Ratio: 30.03
• Dividend Yield: 1.07%
• Price Target: $210.71
• Consensus Rating: Moderate Buy

Universal Display Stock Analysis - MarketRank™

Universal Display scored higher than 88% of companies evaluated by MarketBeat, and ranked 111th out of 652 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Universal Display has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Universal Display has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 1.04%

Earnings Growth

Earnings for Universal Display are expected to grow by 1.04% in the coming year, from $4.80 to $4.85 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Universal Display is 30.03, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of Universal Display is 30.03, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 237.87.

Price to Earnings Growth Ratio

Universal Display has a PEG Ratio of 1.74. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Universal Display has a P/B Ratio of 4.89. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.92% of the float of Universal Display has been sold short.

Short Interest Ratio / Days to Cover

Universal Display has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Universal Display has recently decreased by 42.40%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Universal Display pays a meaningful dividend of 1.03%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Universal Display does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Universal Display is 32.13%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Universal Display will have a dividend payout ratio of 32.99% next year. This indicates that Universal Display will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.92% of the float of Universal Display has been sold short.

Short Interest Ratio / Days to Cover

Universal Display has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Universal Display has recently decreased by 42.40%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: -0.12

News Sentiment

Universal Display has a news sentiment score of -0.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 19 news articles for Universal Display this week, compared to 10 articles on an average week.

Search Interest

9 people have searched for OLED on MarketBeat in the last 30 days. This is an increase of 29% compared to the previous 30 days.

MarketBeat Follows

4 people have added Universal Display to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Universal Display insiders have bought more of their company's stock than they have sold. Specifically, they have bought $134,220.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 1.90% of the stock of Universal Display is held by insiders.

Percentage Held by Institutions

78.19% of the stock of Universal Display is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

OLED Stock Analysis - Frequently Asked Questions

How have OLED shares performed this year?

Universal Display's stock was trading at $191.26 on January 1st, 2024. Since then, OLED shares have decreased by 21.8% and is now trading at $149.53.
View the best growth stocks for 2024 here.

How were Universal Display's earnings last quarter?

Universal Display Co. (NASDAQ:OLED) posted its earnings results on Wednesday, October, 30th. The semiconductor company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.19 by $0.21. Universal Display's revenue for the quarter was up 14.6% compared to the same quarter last year.

Who are Universal Display's major shareholders?

Universal Display's top institutional shareholders include Primecap Management Co. CA (3.90%), State Street Corp (3.22%), FMR LLC (2.96%) and UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC (2.68%). Insiders that own company stock include Lawrence Lacerte, Julia J Brown, Mauro Premutico, Sidney D Rosenblatt and Richard C Elias.
View institutional ownership trends.

How do I buy shares of Universal Display?

Shares of OLED stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Universal Display own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Universal Display investors own include NVIDIA (NVDA), Meta Platforms (META), Salesforce (CRM), Advanced Micro Devices (AMD), Humana (HUM), American Water Works (AWK) and Tesla (TSLA).

Company Calendar

• Ex-Dividend for 9/30 Dividend: 9/16/2024
• Dividend Payable: 9/30/2024
• Last Earnings: 10/30/2024
• Ex-Dividend for 12/31 Dividend: 12/17/2024
• Today: 12/22/2024
• Dividend Payable: 12/31/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Electronic components & accessories
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:OLED
• CUSIP: N/A
• CIK: 1005284
• Web: www.oled.com
• Phone: (609) 671-0980
• Fax: 609-671-0995
• Employees: 456
• Year Founded: 1994

Price Target and Rating

• Average Stock Price Target: $210.71
• High Stock Price Target: $243.00
• Low Stock Price Target: $175.00
• Potential Upside/Downside: +40.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.71
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.98
• Trailing P/E Ratio: 30.03
• Forward P/E Ratio: 31.15
• P/E Growth: 1.74
• Net Income: $203.01 million
• Net Margins: 36.98%
• Pretax Margin: 45.43%
• Return on Equity: 15.75%
• Return on Assets: 13.72%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 7.18
• Quick Ratio: 5.84

Sales & Book Value

• Annual Sales: $643.71 million
• Price / Sales: 11.02
• Cash Flow: $4.55 per share
• Price / Cash Flow: 32.83
• Book Value: $30.56 per share
• Price / Book: 4.89

Miscellaneous

• Outstanding Shares: 47,461,000
• Free Float: 46,559,000
• Market Cap: $7.10 billion
• Optionable: Optionable
• Beta: 1.39