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5 stories mentioning OLED

Every FINWIRES story that references OLED, newest first.

Research

Research Alert: CFRA Maintains Hold Opinion On Shares Of Universal Display Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our price target by $18 to $106, 19x our 2027 EPS view, below OLED's three-year average (~27x) as tariffs and memory supply issues make for limited near-term device visibility. We lower our 2026 EPS estimate by $0.90 to $4.36 and cut our 2027 view by $0.28 to $5.58. Q1 results were disappointing (sales down 14%), with consumer device volumes clearly facing challenges and reflecting more tariff-related pull-ins in the comparable quarter last year. We expect memory supply constraints will continue to weigh on overall device volumes through 2027, and with OLED devices now seeing ~65% smartphone penetration, we note unfavorable exposure outside of the relatively safe premium tier. Nonetheless, management only brought its 2026 guidance down by 4% (to sales of ~$650M) despite the uncertain supply environment and Q1's weakness, which we think reflects its confidence in growth alongside upcoming OLED fab openings/ramps from major customers, which all appear to be progressing smoothly.

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Sectors

Sector Update: Tech Stocks Gain Late Afternoon

Tech stocks were higher late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 2.1%.The Philadelphia Semiconductor index added 1%.In corporate news, Apple (AAPL) gained 3.3% after the company overnight reported a year-over-year surge in fiscal Q2 earnings and revenue. Apple's board also raised its quarterly dividend and approved an additional share buyback program of up to $100 billion.Atlassian (TEAM) shares soared 30% after it reported better-than-expected fiscal Q3 results.Reddit (RDDT) shares surged 15% after it provided an upbeat revenue outlook at the midpoint for Q2 on the back of stronger-than-expected results in the previous three-month period.Universal Display's (OLED) shares climbed past 10% after the company announced a new $400 million stock repurchase plan and reported Q1 results.

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Wire

Update: Universal Display Shares Rise After $400 Million Share Repurchase Plan, Q1 Results

(Updates with the latest stock movement in the first paragraph and headline.)Universal Display's (OLED) shares were up roughly 11% in Friday trading after the company announced a new $400 million stock repurchase plan and reported Q1 results.The company reported Q1 earnings late Thursday of $0.76 per diluted share, down from $1.35 a year earlier.Analysts polled by FactSet expected $1.16.Revenue for the quarter ended March 31 was $142.2 million, down from $166.3 million a year earlier.Analysts surveyed by FactSet expected $161.2 million.The company lowered its 2026 revenue guidance to $630 million to $670 million from the prior forecast of $650 million to $700 million. Analysts surveyed by FactSet expect $673.6 million.Universal Display kept its quarterly dividend at $0.50 a share, payable June 30 to holders of record June 16.The board also authorized a new share repurchase program of up to $400 million.Price: $96.56, Change: $+9.47, Percent Change: +10.87%

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Wire

Oppenheimer Adjusts Price Target on Universal Display to $130 From $160, Maintains Outperform Rating

Universal Display (OLED) has an average rating of overweight and mean price target of $135.14, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $93.54, Change: $+6.45, Percent Change: +7.41%

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Research

Research Alert: Oled Delivers Disappointing Results, Stable Guidance As Demand Remains Weak

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:OLED reported challenging Q1 results with revenue declining 14.5% Y/Y to $142M, well short of consensus expectations ($161M), while EPS of $0.76 fell 44% Y/Y and missed Street estimates ($1.20). The weakness was broad-based, with material sales down 2.9% to $84M and royalty/license fees declining 26.4% to $54M, representing the largest drag on quarterly performance. Management lowered 2026 revenue guidance to $650M from a prior $675M view, citing weak demand conditions. CFO noted near-term market conditions have become more measured while maintaining confidence in longer-term growth prospects, including Gen 8.6 capacity additions in Korea and China expected online this year. We agree with management's longer-term optimism but note weak current conditions may slow new OLED fab ramp timelines. We think the revised Q2-Q4 implied performance ($508M) creates room for downside risk below company projections, as the environment remains volatile.

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