Can universal display (OLED) beat earnings expectations?
Universal Display (OLED) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. At Insider Monkey, we pore over the filings of nearly 873 top investment firms every quarter, a process we have now completed for the latest reporting period.
Is universal display (UTL) stock a buy or sell?
Universal Display has received a consensus rating of Buy. The company's average rating score is 2.56, and is based on 7 buy ratings, no hold ratings, and 2 sell ratings. According to analysts' consensus price target of $227.29, Universal Display has a forecasted upside of 54.5% from its current price of $147.13.
Where can I buy OLED shares?
Shares of OLED can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.
Why are universal display shares down 5% in morning trading?
Shares of Universal Display Corp. are off 5% in morning trading Friday after the maker of display technologies reported lower-than-expected results for its most recent quarter and reiterated a full-year forecast that some analysts said hinted at near-term challenges.
Is OLED stock a good buy?
The financial health and growth prospects of OLED, demonstrate its potential to underperform the market. It currently has a Growth Score of C. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of B.
Is Universal Display a buy?
Universal Display has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.
What does Universal Display Corporation do?
Universal Display Corporation is a developer and manufacturer of organic light emitting diodes (OLED) technologies and materials as well as provider of services to the display and lighting industries. It is also an OLED research company.
Key Points
NASDAQ: OLED
The technology developer expects sales to rise by roughly 30% in 2021 as a whole.
What happened
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So what
Shares of Universal Display ( OLED -3.35% ) fell as much as 13.5% on Friday, bouncing off that bottom near 11:15 a.m., EDT. The developer and reseller of technologies and materials for organic light-emitting diode (OLED) panels reported mixed second-quarter results on Thursday evening.
Now what
Universal Display's second-quarter sales surged 124% year over year, landing at $130 million. Earnings jumped from $0.02 to $0.85 per share. Your average analyst had been looking for earnings near $0.87 per share on top-line sales in the neighborhood of $127 million.
Premium Investing Services
The beefy year-over-year comparisons didn't impress anybody, because the year-ago period represented the darkest days of business operations in the shadow of COVID-19 lockdowns. Holding the full-year sales target steady while reporting strong top-line results in the second quarter implies that the coming two quarters might deliver softer results.
Signals & Forecast
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Support, Risk & Stop-loss
The Universal Display Corporation stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average.
Is Universal Display Corporation stock A Buy?
Universal Display Corporation finds support from accumulated volume at $153.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Insiders are negative selling more shares than they are buying in Universal Display Corporation
Universal Display Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
About Universal Display Corporation
In the last 100 trades there were 84.77 thousand shares bought and 149.07 thousand shares sold. The last trade was done 11 days ago by Abramson Steven V who bough 13.48 thousand shares. In general the insiders are selling more stocks than they buy. There can be a variety of reasons for this, but in general it can be considered as a negative signal.
Golden Star Signal
Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel displays and solid-state lighting applications. It owns, exclusively licenses, or has the sole right to sublicense approximately 3,600 patents issued and pending worldwide.
Top Fintech Company
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Who sold OLED stock?
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
When is Universal Display earnings call?
OLED stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. Company insiders that have sold Universal Display company stock in the last year include C Keith Hartley, Julia J Brown, Lawrence Lacerte, Mauro Premutico, and Sidney D Rosenblatt.
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Universal Display will be holding an earnings conference call on Thursday, August 5th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.
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Risks
- 10 brokerages have issued 1-year price objectives for Universal Display's shares. Their forecasts range from $115.00 to $200.00. On average, they expect Universal Display's stock price to reach $159.0890 in the next year. This suggests that the stock has a possible downside of 3.8%. View Analyst Price Targets for Universal Display.
Ratings
- 10 Wall Street analysts have issued \"buy,\" \"hold,\" and \"sell\" ratings for Universal Display in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of \"Buy.\" View Analyst Ratings for Universal Display.
Reception
- Press coverage about OLED stock has trended neutral on Friday, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Unive…
Sales
- Universal Display saw a drop in short interest during the month of March. As of March 29th, there was short interest totalling 5,098,706 shares, a drop of 20.3% from the March 15th total of 6,399,356 shares. Based on an average daily volume of 582,121 shares, the short-interest ratio is currently 8.8 days. Approximately 12.1% of the company's shares are short sold. View Universal …
Ownership
- Universal Display's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.05%), Griffin Asset Management Inc. (1.05%), Frontier Capital Management Co. LLC (0.93%), JPMorgan Chase & Co. (0.78%), TD Asset Management Inc. (0.72%) and DekaBank Deutsche Girozentrale (0.60%). Company insiders that …
Business
- Universal Display has a market capitalization of $7.81 billion and generates $247.41 million in revenue each year. The semiconductor company earns $58.84 million in net income (profit) each year or $1.24 on an earnings per share basis. Universal Display employs 265 workers across the globe.
Access
- Universal Display's mailing address is 375 PHILLIPS BOULEVARD, EWING NJ, 08618. The semiconductor company can be reached via phone at 609-671-0980 or via email at [email protected].