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), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced its participation in the following investor and industry conferences. Investor Conference: Citi's 2024 Global TMT Conference Date: September 5, 2024 Location: New York City Presentation Time: 11:40 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. Industry Conferences: The 24th International Meeting on Information Display (IMID 2024) Loc

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

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

Needham reiterated coverage of Universal Display with a rating of Buy and set a new price target of $245.00 from $275.00 previously

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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

4 analysts have shared their evaluations of Universal Display (NASDAQ:OLED) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 0 0 0 Last 30D 1 0 0 0 0 1M Ago 1 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 0 0 0 Analysts have recently evaluated Universal Display and provided 12-month price targets. The average target is $233.25, accompanied by a high estimate of $250.00 and a low estimate of $198.

Goldman Sachs analyst Brian Lee maintains Universal Display (NASDAQ:OLED) with a Buy and raises the price target from $208 to $243.

Oppenheimer analyst Martin Yang maintains Universal Display (NASDAQ:OLED) with a Outperform and raises the price target from $200 to $250.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler raised the price target for Atlassian Corporation (NASDAQ:TEAM) from $200 to $225. Piper Sandler analyst Rob Owens upgraded the stock from Neutral to Overweight. Atlassian shares gained 2.4% to close at $182.57 on Tuesday. See how other analysts view this stock. Needham increased the price target for Universal Display Corporation (NASDAQ:OLED) from $198 to $242. Needham analyst James Ricchiuti maintained a Buy rating. Universal Display shares gained 2.1% to close at $212.98 on Tuesday

Needham analyst James Ricchiuti maintains Universal Display (NASDAQ:OLED) with a Buy and raises the price target from $198 to $242.

June closed on a high note for the stock market, with the S&P 500, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), gaining 3.2%, despite significant disparities in sector and industry performances. The technology sector, as tracked by the Technology Select Sector SPDR Fund (NYSE:XLK), led the 11 S&P 500 sectors in performance last month, surging 7.7% and achieving its strongest monthly gain this year. In stark contrast, utilities lagged, with the Utilities Select Sector SPDR Fund (NYSE:XLU) dropping 6.3%, marking the worst month since September 2023. Top Performing Industry ETFs In June The iShares Expanded Tech-Software Sector ETF (NYSE:IGV) rallied 11.3% last month, topping

Growth stocks are experiencing a remarkable resurgence, posting their best month in over a year when compared to value stocks, as the rally in tech and mega caps continues to dominate market dynamics. The iShares Russell 1000 Growth ETF (NYSE:IWF) has surged by 6.5% so far in June 2024. This gain puts it on track for its seventh month of increases in the last eight. Investors have shown elevated confidence in growth-oriented sectors, particularly technology, which continues to benefit from strong earnings reports, heightened expectations for future cash flows and positive market sentiment, especially towards AI-related industries. In stark contrast, the iShares Russell 1000 Value E

The semiconductor rally continues its unstoppable advance, fueled by the propulsion of artificial intelligence, with the U.S. chipmaking industry now soaring to a combined valuation of $6.3 trillion. The PHLX Semiconductor Sector Index, mirrored by the Invesco PHLX Semiconductor ETF (NYSE:SOXQ), is poised for a 6% gain this week, marking its strongest performance in two months and achieving record high levels. Since late October 2023, the index has surged by 78%, while the broader chip industry has seen an astonishing 169% increase from its October 2022 low. In stark contrast, the broader tech sector, as tracked by the Invesco QQQ Trust (NASDAQ:QQQ), has risen by 39% from its Octobe

U.S. stocks were higher, with the Dow Jones index gaining over 400 points on Friday. Shares of Amgen Inc. (NASDAQ:AMGN) rose sharply during Friday's session after the company reported better-than-expected first-quarter financial results. Also, the company announced a $50 million milestone payment from Royalty Pharma. Amgen reported quarterly earnings of $3.96 per share, which beat the analyst consensus estimate of $3.87 by 2.33%. The company said EPS decreased by 1% due to higher operating and interest expenses driven by the Horizon acquisition, partially offset by higher revenues, according to data from Benzinga Pro. The company reported quarterly sales of $7.447 billion, which bea