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. As of February 18, 2021, it owned, exclusively licenses, or had sole rights to sublicense approximately 5,000 issued and pending patents worldwide. The company licenses and supplies its proprietary UniversalPHOLED materials to display and lighting manufacturers, and others. 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; OVJP, an organic vapor jet printing technology; thin-film encapsulation technology for the packaging of flexible OLEDs and other thin-film devices, as well as for use as a barrier film for plastic substrates; and UniversalP2OLED, which are printable phosphorescent OLEDs. 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. Further, it provides contract research services in the areas of chemical materials synthesis research, development, and commercialization for non-OLED applications. Universal Display Corporation was founded in 1985 and is headquartered in Ewing, New Jersey.
IPO Year:
Exchange: NASDAQ
Website: oled.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/2/2025 | $220.00 → $200.00 | Outperform | Oppenheimer |
| 10/31/2024 | $250.00 → $225.00 | Buy | TD Cowen |
| 8/2/2024 | $210.00 → $250.00 | Buy | TD Cowen |
| 7/2/2024 | $198.00 → $242.00 | Buy | Needham |
| 2/23/2024 | $165.00 → $210.00 | Outperform | TD Cowen |
| 1/19/2024 | $161.00 → $180.00 | Buy → Neutral | Citigroup |
| 12/18/2023 | $160.00 → $250.00 | Neutral → Buy | BofA Securities |
| 1/19/2023 | $82.00 → $135.00 | Negative → Neutral | Susquehanna |
| 6/29/2022 | $190.00 → $135.00 | Buy → Neutral | BofA Securities |
| 2/24/2022 | $245.00 → $195.00 | Buy | Needham |
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Universal Display Corporation (NASDAQ:OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced its participation in the following investor conference. Investor Conference: 27th Annual Needham Growth Conference Date: January 15, 2025 Location: New York City Presentation Time: 9:30 a.m. ET* Presenter: Brian Millard, Vice President and Chief Financial Officer * A live and archived audio webcast of the investor presentation will be available on the events page of the Company's Investor Relations website at ir.oled.com. About Universal Display Corporation Universal Display Corporation (NASDAQ:OLED) is a leader in the rese
Universal Display Corporation (NASDAQ:OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that April E. Walker has joined the Company's Board of Directors, effective January 1, 2025. The addition of this new director will expand UDC's Board to 11 members. "I am pleased to welcome April to the Board," said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation and a member of the Board. "April brings a wealth of experience and a strong technology background to the Board, bolstering UDC's commitment to innovation and leadership in the OLED ecosystem. She has held senior leadershi
Universal Display Corporation (NASDAQ:OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that Chandran Nair has been appointed Chief Executive Officer of our newly formed subsidiary, which will be headquartered in Singapore and responsible for UDC's OVJP operations, effective December 2, 2024. Mr. Nair brings extensive leadership experience of more than 26 years, together with his established operational expertise in global technology and equipment companies across Asia, Europe and the United States, to lead the next phase for OVJP (organic vapor jet printing). Previously, Mr. Nair was President & Chief Executiv
Universal Display Corporation (NASDAQ:OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced its participation in the following investor and industry conferences. Investor Conferences: J.P. Morgan Global TMT Conference Date: November 18, 2024 Location: Hong Kong Presenter: Darice Liu, Senior Director of Investor Relations and Corporate Communications Nasdaq 51st Investor Conference Date: December 10, 2024 Presentation Time: 5:30 AM EST / 10:30 AM GMT * Location: London, U.K. Presenter: Brian Millard, Vice President and Chief Financial Officer * A live and archived audio webcast of the investor presentations will b
Universal Display Corporation (NASDAQ:OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that its Board of Directors approved a fourth quarter cash dividend of $0.40 per share on the Company's common stock. The dividend is payable on December 31, 2024, to shareholders of record on December 17, 2024. The dividend reflects our expected continued cash flow generation, and commitment to return capital to our shareholders. Future dividends will be subject to Board approval. About Universal Display Corporation Universal Display Corporation (NASDAQ:OLED) is a leader in the research, development and commercialization of organi
Universal Display Corporation (NASDAQ:OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today reported financial results for the third quarter ended September 30, 2024. "With strong year-to-date results, we are on track to achieve record revenues, earnings, and operating cash flow in 2024 as we continue our growth trajectory. The rate of growth this year, though, is expected to be more modest than previously projected. With recent updates to customer order expectations for the fourth quarter, we are lowering our 2024 revenue forecast range to $625 million to $645 million," said Brian Millard, Vice President and Chief Financial Office
Universal Display Corporation (NASDAQ:OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced its results for the third quarter ended September 30, 2024, will be released on Wednesday, October 30, 2024, after market close. At that time, a copy of the financial results release will be available on the Company's website at https://oled.com/. In conjunction with this release, UDC will host a conference call on Wednesday, October 30, 2024, at 5:00 p.m. Eastern Time. The live webcast of the conference call can be accessed under the events page of the Company's Investor Relations website at ir.oled.com. Those wishing to par
Universal Display Corporation (NASDAQ:OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technologies and materials, today announced the establishment of the Sherwin I. Seligsohn Innovation Award in honor of UDC's late founder and his visionary leadership, exceptional intellect and fervent curiosity. Through this award competition, UDC seeks to support and celebrate innovation in the vibrant global scientific community and recognize groundbreaking advancements in organic electronics. UDC's EVP and Chief Technical Officer, Dr. Julie Brown, officially opened the competition for submissions with her presentation during today's special symposium at Princeton
Universal Display Corporation (NASDAQ:OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technologies and materials, announced today that the Company was recognized as part of Fast Company's sixth annual Best Workplaces for Innovators list, which honors organizations and businesses that demonstrate an inspiring commitment to encourage and develop innovation at all levels. To create the 2024 list, Fast Company editors reviewed submissions from around the world detailing companies' projects, investments, companywide programs, and workplace culture. The editors then evaluated applications and conducted research to generate a score for each company, resultin
Universal Display Corporation (NASDAQ:OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, announced today that its Executive Vice President and Chief Technical Officer, Dr. Julie Brown, delivered a Keynote Address at The 24th International Meeting on Information Display (IMID 2024) conference on August 21st. Additionally, the recipients of the UDC Innovative Research Award in Organic Electronics & Display and the UDC Pioneering Technology Award in Organic Electronics & Display were announced on August 22nd. These UDC awards were presented by Dr. Mike Weaver of Universal Display Corporation. This press release features multimedia.
Universal Display Corporation (NASDAQ:OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that Chandran Nair has been appointed Chief Executive Officer of our newly formed subsidiary, which will be headquartered in Singapore and responsible for UDC's OVJP operations, effective December 2, 2024. Mr. Nair brings extensive leadership experience of more than 26 years, together with his established operational expertise in global technology and equipment companies across Asia, Europe and the United States, to lead the next phase for OVJP (organic vapor jet printing). Previously, Mr. Nair was President & Chief Executiv
Universal Display Corporation (NASDAQ:OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that its Board of Directors approved a fourth quarter cash dividend of $0.40 per share on the Company's common stock. The dividend is payable on December 31, 2024, to shareholders of record on December 17, 2024. The dividend reflects our expected continued cash flow generation, and commitment to return capital to our shareholders. Future dividends will be subject to Board approval. About Universal Display Corporation Universal Display Corporation (NASDAQ:OLED) is a leader in the research, development and commercialization of organi
Universal Display Corporation (NASDAQ:OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today reported financial results for the third quarter ended September 30, 2024. "With strong year-to-date results, we are on track to achieve record revenues, earnings, and operating cash flow in 2024 as we continue our growth trajectory. The rate of growth this year, though, is expected to be more modest than previously projected. With recent updates to customer order expectations for the fourth quarter, we are lowering our 2024 revenue forecast range to $625 million to $645 million," said Brian Millard, Vice President and Chief Financial Office
Universal Display Corporation (NASDAQ:OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced its results for the third quarter ended September 30, 2024, will be released on Wednesday, October 30, 2024, after market close. At that time, a copy of the financial results release will be available on the Company's website at https://oled.com/. In conjunction with this release, UDC will host a conference call on Wednesday, October 30, 2024, at 5:00 p.m. Eastern Time. The live webcast of the conference call can be accessed under the events page of the Company's Investor Relations website at ir.oled.com. Those wishing to par
Universal Display Corporation (NASDAQ:OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technologies and materials, today announced the establishment of the Sherwin I. Seligsohn Innovation Award in honor of UDC's late founder and his visionary leadership, exceptional intellect and fervent curiosity. Through this award competition, UDC seeks to support and celebrate innovation in the vibrant global scientific community and recognize groundbreaking advancements in organic electronics. UDC's EVP and Chief Technical Officer, Dr. Julie Brown, officially opened the competition for submissions with her presentation during today's special symposium at Princeton
Universal Display Corporation (NASDAQ:OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technologies and materials, announced today that the Company was recognized as part of Fast Company's sixth annual Best Workplaces for Innovators list, which honors organizations and businesses that demonstrate an inspiring commitment to encourage and develop innovation at all levels. To create the 2024 list, Fast Company editors reviewed submissions from around the world detailing companies' projects, investments, companywide programs, and workplace culture. The editors then evaluated applications and conducted research to generate a score for each company, resultin
Universal Display Corporation (NASDAQ:OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, announced today that its Executive Vice President and Chief Technical Officer, Dr. Julie Brown, delivered a Keynote Address at The 24th International Meeting on Information Display (IMID 2024) conference on August 21st. Additionally, the recipients of the UDC Innovative Research Award in Organic Electronics & Display and the UDC Pioneering Technology Award in Organic Electronics & Display were announced on August 22nd. These UDC awards were presented by Dr. Mike Weaver of Universal Display Corporation. This press release features multimedia.
Universal Display Corporation (NASDAQ:OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that its Board of Directors approved a third quarter cash dividend of $0.40 per share on the Company's common stock. The dividend is payable on September 30, 2024, to shareholders of record on September 16, 2024. The dividend reflects our expected continued cash flow generation, and commitment to return capital to our shareholders. Future dividends will be subject to Board approval. About Universal Display Corporation Universal Display Corporation (NASDAQ:OLED) is a leader in the research, development and commercialization of or
Universal Display Corporation (NASDAQ:OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today reported financial results for the second quarter ended June 30, 2024. "We reported solid second quarter results as the OLED IT adoption cycle begins to gain momentum," said Brian Millard, Vice President and Chief Financial Officer of Universal Display Corporation. "With leading OEMs embarking on their OLED IT journey with the introduction of new OLED PC products, we believe that a new multi-year capex cycle has commenced to support this growth. As the broadening proliferation of OLEDs across the consumer landscape fuels the market's positi
Universal Display Corporation (NASDAQ:OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced its results for the second quarter ended June 30, 2024, will be released on Thursday, August 1, 2024, after market close. At that time, a copy of the financial results release will be available on the Company's website at https://oled.com/. In conjunction with this release, UDC will host a conference call on Thursday, August 1, 2024, at 5:00 p.m. Eastern Time. The live webcast of the conference call can be accessed under the events page of the Company's Investor Relations website at ir.oled.com. Those wishing to participate
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Universal Display Corporation (NASDAQ:OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that April E. Walker has joined the Company's Board of Directors, effective January 1, 2025. The addition of this new director will expand UDC's Board to 11 members. "I am pleased to welcome April to the Board," said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation and a member of the Board. "April brings a wealth of experience and a strong technology background to the Board, bolstering UDC's commitment to innovation and leadership in the OLED ecosystem. She has held senior leadershi
Universal Display Corporation (NASDAQ:OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today held its Virtual 2024 Annual Meeting of Shareholders. "2023 was a significant year for our Company, as we continued to bolster our leadership position at the forefront of energy-efficient phosphorescent material solutions and best-in-class enabling OLED technologies," said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. "In 2023, we achieved numerous milestones, such as signing new long-term customer agreements. We also purchased and celebrated the grand opening of our new manufacturing site
Universal Display Corporation (NASDAQ:OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that Dr. Nigel Brown and Dr. Joan Lau have joined the Company's Board of Directors, effective March 4, 2024. The addition of these new directors expands UDC's Board to ten members. "I am pleased to welcome Nigel and Joan to the Board," said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation and a member of the Board. "Nigel adds a wealth of business innovation, technical knowledge and corporate strategic planning expertise to our Board. Joan brings over two decades of extensive scienti
Universal Display Corporation (NASDAQ:OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today held its Virtual 2023 Annual Meeting of Shareholders. "2022 was another year of growth and record financial results for our Company. We continued to build upon our global leadership position and strong customer partnerships with the achievement of important R&D milestones as well as investments in our technology and manufacturing infrastructure," said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. "With PPG, our foundry partner for more than 20 years, we brought online an initial phase of o
Brian Millard Appointed New CFO Universal Display Corporation (NASDAQ:OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that following a brilliant and remarkable 26 years with the Company, Sidney D. Rosenblatt plans to retire as CFO at the end of this year. Rosenblatt will remain on the Company's Board of Directors. Universal Display also announced today that Brian Millard has been appointed Chief Financial Officer, effective September 6, 2022. "It has been a wondrous and tireless two-and-a-half-plus decades of building and shaping Universal Display Corporation from a three-person startup to a successful global leade
Universal Display Corporation (NASDAQ:OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, yesterday held its Virtual 2022 Annual Meeting of Shareholders. "As we look back on 2021, we continued to build on our strong partnerships, advance our innovation engine and fortify our leadership position -- all of which, we believe, has bolstered our first-mover advantage in the OLED ecosystem and strengthened our runway of growth," said Steven V. Abramson, Universal Display Corporation's President and Chief Executive Officer. "We delivered record 2021 results of $554 million in revenue, $228 million in operating income and $184 million in net i
Universal Display Corporation (NASDAQ:OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today held its Virtual 2021 Annual Meeting of Shareholders. "2020 was a year filled with innovation and accomplishment, flexibility and determination, as well as with uncertainty and challenge as we navigated the ongoing pandemic," said Steven V. Abramson, Universal Display's President and Chief Executive Officer. "Last year, we announced long-term agreements with China Star Optoelectronics, achieved record quarterly revenue in the fourth quarter of 2020, celebrated the 20-year anniversary of our strategic partnership with PPG, and established OVJ
Oppenheimer reiterated coverage of Universal Display with a rating of Outperform and set a new price target of $200.00 from $220.00 previously
TD Cowen reiterated coverage of Universal Display with a rating of Buy and set a new price target of $225.00 from $250.00 previously
TD Cowen reiterated coverage of Universal Display with a rating of Buy and set a new price target of $250.00 from $210.00 previously
Needham reiterated coverage of Universal Display with a rating of Buy and set a new price target of $242.00 from $198.00 previously
TD Cowen reiterated coverage of Universal Display with a rating of Outperform and set a new price target of $210.00 from $165.00 previously
Citigroup downgraded Universal Display from Buy to Neutral and set a new price target of $180.00 from $161.00 previously
BofA Securities upgraded Universal Display from Neutral to Buy and set a new price target of $250.00 from $160.00 previously
Susquehanna upgraded Universal Display from Negative to Neutral and set a new price target of $135.00 from $82.00 previously
BofA Securities downgraded Universal Display from Buy to Neutral and set a new price target of $135.00 from $190.00 previously
Needham reiterated coverage of Universal Display with a rating of Buy and set a new price target of $195.00 from $245.00 previously