Upcoming Dividend • Jun 09
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 16 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (0.5%). Declared Dividend • May 11
First quarter dividend of US$0.50 announced Shareholders will receive a dividend of US$0.50. Ex-date: 16th June 2026 Payment date: 30th June 2026 Dividend yield will be 2.1%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 37% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 01
First quarter 2026 earnings released: EPS: US$0.76 (vs US$1.35 in 1Q 2025) First quarter 2026 results: EPS: US$0.76 (down from US$1.35 in 1Q 2025). Revenue: US$142.2m (down 14% from 1Q 2025). Net income: US$35.9m (down 44% from 1Q 2025). Profit margin: 25% (down from 39% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Annonce • Apr 24
Universal Display Corporation, Annual General Meeting, Jun 18, 2026 Universal Display Corporation, Annual General Meeting, Jun 18, 2026. Annonce • Apr 14
Universal Display Corporation to Report Q1, 2026 Results on Apr 30, 2026 Universal Display Corporation announced that they will report Q1, 2026 results After-Market on Apr 30, 2026 Upcoming Dividend • Mar 10
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 17 March 2026. Payment date: 31 March 2026. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of British dividend payers (5.6%). Higher than average of industry peers (0.7%). Declared Dividend • Feb 23
Fourth quarter dividend increased to US$0.50 Dividend of US$0.50 is 11% higher than last year. Ex-date: 17th March 2026 Payment date: 31st March 2026 Dividend yield will be 1.8%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has increased by an average of 37% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 11% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 21
Full year 2025 earnings released: EPS: US$5.09 (vs US$4.66 in FY 2024) Full year 2025 results: EPS: US$5.09 (up from US$4.66 in FY 2024). Revenue: US$650.6m (flat on FY 2024). Net income: US$241.9m (up 9.2% from FY 2024). Profit margin: 37% (up from 34% in FY 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annonce • Feb 20
Universal Display Corporation Increases Cash Dividend for the First Quarter of 2026, Payable on March 31, 2026 Universal Display Corporation announced that its Board of Directors approved an increased cash dividend of $0.50 per share on the Company's common stock for the first quarter of 2026, up from the previous quarter’s dividend of $0.45 per share. The dividend is payable on March 31, 2026, to shareholders of record on March 17, 2026. The dividend reflects expected continued cash flow generation, and commitment to return capital to shareholders. Future dividends will be subject to Board approval. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$132, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 26x in the Semiconductor industry in Europe. Total returns to shareholders of 2.1% over the past three years. Annonce • Jan 27
Universal Display Corporation to Report Q4, 2025 Results on Feb 19, 2026 Universal Display Corporation announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 19, 2026 Upcoming Dividend • Dec 10
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 17 December 2025. Payment date: 31 December 2025. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (0.8%). Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$119, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 25x in the Semiconductor industry in Europe. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$86.40 per share. Declared Dividend • Nov 10
Third quarter dividend of US$0.45 announced Shareholders will receive a dividend of US$0.45. Ex-date: 17th December 2025 Payment date: 31st December 2025 Dividend yield will be 1.5%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (38% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 35% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 33% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: US$0.93 (vs US$1.40 in 3Q 2024) Third quarter 2025 results: EPS: US$0.93 (down from US$1.40 in 3Q 2024). Revenue: US$139.6m (down 14% from 3Q 2024). Net income: US$44.0m (down 34% from 3Q 2024). Profit margin: 32% (down from 41% in 3Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year. Annonce • Oct 14
Universal Display Corporation to Report Q3, 2025 Results on Nov 06, 2025 Universal Display Corporation announced that they will report Q3, 2025 results After-Market on Nov 06, 2025 Upcoming Dividend • Sep 09
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 16 September 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (5.5%). Higher than average of industry peers (1.0%). Declared Dividend • Aug 11
Second quarter dividend of US$0.45 announced Shareholders will receive a dividend of US$0.45. Ex-date: 16th September 2025 Payment date: 30th September 2025 Dividend yield will be 1.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (33% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 40% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 01
Second quarter 2025 earnings released: EPS: US$1.41 (vs US$1.10 in 2Q 2024) Second quarter 2025 results: EPS: US$1.41 (up from US$1.10 in 2Q 2024). Revenue: US$171.8m (up 8.4% from 2Q 2024). Net income: US$67.3m (up 29% from 2Q 2024). Profit margin: 39% (up from 33% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year. Annonce • Jul 15
Universal Display Corporation to Report Q2, 2025 Results on Jul 31, 2025 Universal Display Corporation announced that they will report Q2, 2025 results After-Market on Jul 31, 2025 Upcoming Dividend • Jun 09
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 16 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (5.6%). Higher than average of industry peers (1.0%). Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$142, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 16x in the Semiconductor industry in Europe. Total returns to shareholders of 17% over the past three years. Declared Dividend • May 05
First quarter dividend of US$0.45 announced Shareholders will receive a dividend of US$0.45. Ex-date: 16th June 2025 Payment date: 30th June 2025 Dividend yield will be 1.2%, which is about the same as the industry average. Payout Ratios Payout ratio: 34%. Cash payout ratio: 52%. Reported Earnings • May 02
First quarter 2025 earnings released: EPS: US$1.36 (vs US$1.19 in 1Q 2024) First quarter 2025 results: EPS: US$1.36 (up from US$1.19 in 1Q 2024). Revenue: US$166.3m (flat on 1Q 2024). Net income: US$64.4m (up 14% from 1Q 2024). Profit margin: 39% (up from 34% in 1Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Annonce • Apr 28
Universal Display Corporation, Annual General Meeting, Jun 18, 2025 Universal Display Corporation, Annual General Meeting, Jun 18, 2025. New Risk • Apr 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Annonce • Apr 15
Universal Display Corporation to Report Q1, 2025 Results on May 01, 2025 Universal Display Corporation announced that they will report Q1, 2025 results After-Market on May 01, 2025 Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$126, the stock trades at a forward P/E ratio of 29x. Average trailing P/E is 15x in the Semiconductor industry in Europe. Total loss to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$113 per share. Buy Or Sell Opportunity • Mar 24
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 2.2% to US$155. The fair value is estimated to be US$126, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 7.8%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 24% in the next 2 years. Buy Or Sell Opportunity • Mar 07
Now 21% overvalued Over the last 90 days, the stock has fallen 3.7% to US$152. The fair value is estimated to be US$126, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 7.8%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 24% in the next 2 years. Declared Dividend • Mar 04
Fourth quarter dividend increased to US$0.45 Dividend of US$0.45 is 13% higher than last year. Ex-date: 17th March 2025 Payment date: 31st March 2025 Dividend yield will be 1.1%, which is lower than the industry average of 1.2%. Payout Ratios Payout ratio: 34%. Cash payout ratio: 40%. Annonce • Feb 23
Universal Display Corporation Announces Dividend for the First Quarter of 2025, Payable on March 31, 2025 Universal Display Corporation announced that its Board of Directors approved an increased cash dividend of $0.45 per share on the Company's common stock for the first quarter of 2025, up from the previous quarter’s dividend of $0.40 per share. The dividend is payable on March 31, 2025, to shareholders of record on March 17, 2025. Annonce • Feb 21
Universal Display Corporation Provides Revenue Guidance for the Year 2025 Universal Display Corporation provided revenue guidance for the year 2025. The Company believes that its 2025 revenue will be in the range of $640 million to $700 million. The OLED industry remains at a stage where many variables can have a material impact on results, and the Company thus caveats its financial guidance accordingly. Annonce • Jan 28
Universal Display Corporation to Report Q4, 2024 Results on Feb 20, 2025 Universal Display Corporation announced that they will report Q4, 2024 results After-Market on Feb 20, 2025 Annonce • Dec 18
Universal Display Corporation Appoints April E. Walker as New Board Member, Effective January 1, 2025 Universal Display Corporation 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. April E. Walker is a global leader in the technology industry, known for her passion for digital innovation and transformation, and her knowledge of the strategic adoption of artificial intelligence. With more than 30 years of leadership experience at leading tech and enterprise companies, including Microsoft, MetLife, NBCUniversal, and Salesforce, Ms. Walker has a strong blend of expertise in business strategy, customer experience, technology, sales, and operations. Currently, she is a strategic advisor, columnist, thought leader, and speaker on emerging technology and industry transformation. She serves as an advisory board member for the Drexel University Solutions Institute and an Adjunct Professor for Drexel’s Executive MBA program. Ms. Walker holds an MBA from the MIT Sloan School of Management and specialized executive certifications in Artificial Intelligence, as well as Data Science and Machine Learning (ML), from the MIT Schwarzman College of Computing. Additionally, she has an MS in Engineering Management from The George Washington University School of Engineering and Applied Science. Ms. Walker also serves on the Board of Sangoma Technologies Corporation. Annonce • Dec 06
Universal Display Corporation Closes Its Location in Santa Clara Universal Display Corporation will be closing its location in Santa Clara, California. Annonce • Dec 05
Universal Display Corporation Announces the Appointment of Chandran Nair as Chief Executive Officer of its Newly Formed Subsidiary Universal Display Corporation announced that Chandran Nair has been appointed Chief Executive Officer of 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 Executive Officer at AEM Holdings, a Singaporean multinational technology company. Prior to joining AEM, Mr. Nair was President of the Robotics and Autonomous Systems Business Unit at ST Engineering and before that, he was Managing Director and Vice President of Sales & Marketing for Asia Pacific (APAC) at National Instruments (NI). During his tenure at NI, Mr. Nair was responsible for the successful expansion of its business throughout the APAC region to customers in a variety of major industries. Mr. Nair holds Master’s degrees in Mathematics from Arizona State University and Bangalore University, and a Bachelor of Science in Physics, Chemistry, Mathematics from Christ College, Bangalore University. Declared Dividend • Nov 04
Third quarter dividend of US$0.40 announced Shareholders will receive a dividend of US$0.40. Ex-date: 17th December 2024 Payment date: 31st December 2024 Dividend yield will be 0.9%, which is lower than the industry average of 1.2%. Payout Ratios Payout ratio: 31%. Cash payout ratio: 35%. Annonce • Nov 02
Universal Display Corporation Revises Revenue Guidance for the Year 2024 Universal Display Corporation revised revenue guidance for the year 2024. With recent updates to customer order expectations for the fourth quarter, the company are lowering 2024 revenue forecast range to $625 million to $645 million. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$1.40 (vs US$1.08 in 3Q 2023) Third quarter 2024 results: EPS: US$1.40 (up from US$1.08 in 3Q 2023). Revenue: US$161.6m (up 15% from 3Q 2023). Net income: US$66.7m (up 30% from 3Q 2023). Profit margin: 41% (up from 36% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 30% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annonce • Oct 31
Universal Display Corporation Approves Fourth Quarter Cash Dividend, Payable on December 31, 2024 Universal Display Corporation 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. Annonce • Oct 15
Universal Display Corporation to Report Q3, 2024 Results on Oct 30, 2024 Universal Display Corporation announced that they will report Q3, 2024 results After-Market on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$210, the stock trades at a forward P/E ratio of 41x. Average trailing P/E is 18x in the Semiconductor industry in Europe. Total returns to shareholders of 7.8% over the past three years. Upcoming Dividend • Sep 09
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 16 September 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (1.0%). Recent Insider Transactions • Sep 04
Independent Director recently sold US$975k worth of stock On the 29th of August, Richard Elias sold around 5k shares on-market at roughly US$193 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$6.8m more than they bought in the last 12 months. Declared Dividend • Aug 11
Second quarter dividend of US$0.40 announced Shareholders will receive a dividend of US$0.40. Ex-date: 16th September 2024 Payment date: 30th September 2024 Dividend yield will be 0.9%, which is lower than the industry average of 1.2%. Payout Ratios Payout ratio: 32%. Cash payout ratio: 41%. New Risk • Aug 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Significant insider selling over the past 3 months (US$3.3m sold). Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$1.10 (vs US$1.04 in 2Q 2023) Second quarter 2024 results: EPS: US$1.10 (up from US$1.04 in 2Q 2023). Revenue: US$158.5m (up 8.1% from 2Q 2023). Net income: US$52.3m (up 5.9% from 2Q 2023). Profit margin: 33% (in line with 2Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year. Annonce • Jul 16
Universal Display Corporation to Report Q2, 2024 Results on Aug 01, 2024 Universal Display Corporation announced that they will report Q2, 2024 results After-Market on Aug 01, 2024 Upcoming Dividend • Jun 07
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 31% but the company is paying out more than the cash it is generating. Trailing yield: 0.9%. Lower than top quartile of British dividend payers (5.6%). Higher than average of industry peers (0.7%). Declared Dividend • May 13
First quarter dividend of US$0.40 announced Shareholders will receive a dividend of US$0.40. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 0.9%, which is lower than the industry average of 1.2%. Payout Ratios Payout ratio: 31%. Cash payout ratio: 138%. Recent Insider Transactions • May 12
Executive VP & Chief Technical Officer recently sold US$1.8m worth of stock On the 8th of May, Julia Brown sold around 10k shares on-market at roughly US$175 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$7.1m more than they bought in the last 12 months. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: US$1.20 (vs US$0.83 in 1Q 2023) First quarter 2024 results: EPS: US$1.20 (up from US$0.83 in 1Q 2023). Revenue: US$165.3m (up 27% from 1Q 2023). Net income: US$56.9m (up 44% from 1Q 2023). Profit margin: 34% (up from 30% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Annonce • Apr 28
Universal Display Corporation, Annual General Meeting, Jun 20, 2024 Universal Display Corporation, Annual General Meeting, Jun 20, 2024, at 10:00 Eastern Standard Time. Agenda: To elect ten members of the Board of Directors to hold one-year terms; to approve an advisory resolution regarding executive officer compensation; to ratify the appointment of KPMG LLP as independent registered public accounting firm for 2024 and to transact such other business as may properly come before the meeting or any postponements or adjournments thereof. Annonce • Apr 16
Universal Display Corporation to Report Q1, 2024 Results on May 02, 2024 Universal Display Corporation announced that they will report Q1, 2024 results After-Market on May 02, 2024 Annonce • Mar 08
Universal Display Corporation Announces the Appointment of Dr. Nigel Brown and Dr. Joan Lau to the Board of Directors Universal Display Corporation 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. Nigel Brown has more than 25 years of experience in leadership and strategy in the pharmaceutical, biotechnology and contract research industries. Dr. Brown is the Founder and Chief Executive Officer of Princeton Healthcare Advisory, LLC, an advisory firm specializing in support for growth-focused investors in healthcare and life science sectors. Dr. Brown is an Advisor for Rothschild & Co., Five Arrows Managers LLP and previously served as General Partner for Trevi Health Capital, a healthcare-focused specialty investment firm, and held oversight and advisory roles for numerous organizations. Dr. Brown has extensive experience in acquisitions and strategic partnerships in the biomedical and technology sectors and is a skilled partner in facilitating investments and corporate transactions. Dr. Brown received his BA in Chemistry and PhD in Physiological Sciences from the University of Oxford and his MBA from The Open University. Dr. Brown also serves on the board for Inotiv Inc. Joan Lau has more than 20 years of experience in executive leadership and business development for biopharmaceutical, biotechnology and R&D-focused companies. Dr. Lau is the Co-Founder and Chief Executive Officer of Spirovant (previously called Talee Bio), a gene therapy company developing treatments and cures for respiratory diseases including cystic fibrosis. Dr. Lau is also an Adjunct Professor and Trustee at the University of Pennsylvania. Previously, Dr. Lau co-founded and served as Managing Partner at Militia Hill Ventures, which focuses on building and growing high-quality life science companies. Dr. Lau has also served as CEO for several venture-capital-backed biotech companies. Dr. Lau earned her MBA from the Wharton School of Business at the University of Pennsylvania, her PhD in Neuroscience from the University of Cincinnati College of Medicine, and her BS in Bioengineering from the University of Pennsylvania. Dr. Lau also serves on the boards for Brandywine Realty Trust and Rockwell Medical Inc. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 29 March 2024. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 0.9%. Lower than top quartile of British dividend payers (6.3%). Higher than average of industry peers (0.7%). Declared Dividend • Mar 04
Fourth quarter dividend increased to US$0.40 Dividend of US$0.40 is 14% higher than last year. Ex-date: 14th March 2024 Payment date: 29th March 2024 Dividend yield will be 0.8%, which is lower than the industry average of 1.2%. Payout Ratios Payout ratio: 33%. Cash payout ratio: 267%. Recent Insider Transactions • Mar 01
Independent Director recently sold US$1.2m worth of stock On the 27th of February, Lawrence Lacerte sold around 7k shares on-market at roughly US$171 per share. This transaction amounted to 5.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$5.9m more than they bought in the last 12 months. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: US$4.27 (vs US$4.41 in FY 2022) Full year 2023 results: EPS: US$4.27 (down from US$4.41 in FY 2022). Revenue: US$576.4m (down 6.5% from FY 2022). Net income: US$203.0m (down 2.8% from FY 2022). Profit margin: 35% (up from 34% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annonce • Feb 06
Universal Display Corporation to Report Q4, 2023 Results on Feb 22, 2024 Universal Display Corporation announced that they will report Q4, 2023 results After-Market on Feb 22, 2024 Upcoming Dividend • Dec 07
Upcoming dividend of US$0.35 per share at 0.8% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 29 December 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of British dividend payers (6.0%). In line with average of industry peers (0.9%). Annonce • Nov 04
Universal Display Corporation Provides Revenue Guidance for the 2023 Universal Display Corporation are revising revenue forecast by narrowing guidance to a range of $565 million to $590 million. Annonce • Nov 03
Universal Display Corporation Approves Cash Dividend for the Fourth Quarter, Payable on December 29, 2023 Universal Display Corporation announced that its Board of Directors approved a fourth quarter cash dividend of $0.35 per share on the Company's common stock. The dividend is payable on December 29, 2023, to shareholders of record on December 15, 2023. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: US$1.08 (vs US$1.12 in 3Q 2022) Third quarter 2023 results: EPS: US$1.08 (down from US$1.12 in 3Q 2022). Revenue: US$141.1m (down 12% from 3Q 2022). Net income: US$51.5m (down 3.1% from 3Q 2022). Profit margin: 37% (up from 33% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Annonce • Oct 17
Universal Display Corporation to Report Q3, 2023 Results on Nov 02, 2023 Universal Display Corporation announced that they will report Q3, 2023 results on Nov 02, 2023 Recent Insider Transactions • Sep 10
Senior VP of Planning recently sold US$1.5m worth of stock On the 6th of September, Mauro Premutico sold around 9k shares on-market at roughly US$161 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$11m more than they bought in the last 12 months. Upcoming Dividend • Sep 07
Upcoming dividend of US$0.35 per share at 0.9% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of British dividend payers (6.3%). Lower than average of industry peers (1.0%). New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (35% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Significant insider selling over the past 3 months (US$2.8m sold). Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: US$1.04 (vs US$0.87 in 2Q 2022) Second quarter 2023 results: EPS: US$1.04 (up from US$0.87 in 2Q 2022). Revenue: US$146.6m (up 7.3% from 2Q 2022). Net income: US$49.7m (up 20% from 2Q 2022). Profit margin: 34% (up from 30% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in the United Kingdom. Annonce • Jul 12
Universal Display Corporation to Report Q2, 2023 Results on Aug 03, 2023 Universal Display Corporation announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 03, 2023 Recent Insider Transactions • Jun 14
Executive VP & Chief Technical Officer recently sold US$785k worth of stock On the 7th of June, Julia Brown sold around 5k shares on-market at roughly US$151 per share. This transaction amounted to 8.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.1m. Insiders have been net sellers, collectively disposing of US$16m more than they bought in the last 12 months. Upcoming Dividend • Jun 08
Upcoming dividend of US$0.35 per share at 0.9% yield Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 30% and the cash payout ratio is 78%. Trailing yield: 0.9%. Lower than top quartile of British dividend payers (5.8%). In line with average of industry peers (0.9%). Recent Insider Transactions • May 13
Independent Director recently sold US$2.1m worth of stock On the 9th of May, Lawrence Lacerte sold around 15k shares on-market at roughly US$137 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$2.9m. Insiders have been net sellers, collectively disposing of US$15m more than they bought in the last 12 months. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: US$0.84 (vs US$1.05 in 1Q 2022) First quarter 2023 results: EPS: US$0.84 (down from US$1.05 in 1Q 2022). Revenue: US$130.5m (down 13% from 1Q 2022). Net income: US$39.8m (down 20% from 1Q 2022). Profit margin: 31% (down from 33% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in the United Kingdom. Annonce • May 05
Universal Display Corporation Announces Second Quarter Cash Dividend, Payable on June 30, 2023 Universal Display Corporation announced a second quarter cash dividend of $0.35 per share on the company's common stock. The dividend is payable on June 30, 2023 to all shareholders of record on June 16, 2023. 