Universal Display Corporation (NASDAQ:OLED) to Issue $0.45 Quarterly Dividend

Universal Display Corporation (NASDAQ:OLED) announced a quarterly dividend on Thursday, November 6th. Stockholders of record on Wednesday, December 17th will be given a dividend of 0.45 per share by the semiconductor company on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Wednesday, December 17th.

Universal Display has increased its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend annually for the last 8 consecutive years. Universal Display has a payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Universal Display to earn $5.41 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 33.3%.

Universal Display Stock Down 13.5%

Shares of OLED stock traded down $18.31 during mid-day trading on Friday, reaching $117.03. The company’s stock had a trading volume of 1,100,899 shares, compared to its average volume of 646,602. The firm has a market capitalization of $5.56 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 4.38 and a beta of 1.60. The company’s 50 day simple moving average is $143.66 and its 200-day simple moving average is $145.65. Universal Display has a 12-month low of $103.70 and a 12-month high of $182.77.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.27). The company had revenue of $139.61 million during the quarter, compared to analysts’ expectations of $165.56 million. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The company’s revenue for the quarter was down 13.6% compared to the same quarter last year. During the same period last year, the business earned $1.40 earnings per share. Universal Display has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Universal Display will post 4.71 EPS for the current fiscal year.

Analysts Set New Price Targets

OLED has been the subject of a number of analyst reports. Needham & Company LLC decreased their price target on Universal Display from $170.00 to $150.00 and set a “buy” rating for the company in a report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Universal Display in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Universal Display from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.33.

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 in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.