Universal Display Corp Stock Price, News & Analysis

Universal Display Corporation (NASDAQ: OLED) announced that it will release its third quarter financial results on November 4, 2021, after market close. Alongside the results, a conference call is scheduled for 5:00 p.m. ET on the same day, which will be accessible via their Investor Relations website. The company specializes in OLED technology and materials, holding over 5,000 patents worldwide, and aims to enable energy-efficient displays and solid-state lighting through its UniversalPHOLED® technology.

Universal Display Corporation (Nasdaq: OLED) announced the expansion of its subsidiary, Adesis, Inc., with a new state-of-the-art laboratory in Wilmington, Delaware, tripling its R&D space. This expansion aims to enhance Adesis' capabilities in organic and organometallic synthesis, supporting its growth in the chemical research sector. Governor John Carney commended the development as a boost to Delaware's economy, reflecting a commitment to innovation and job creation. The Adesis team expressed gratitude for state support, highlighting its role in contributing to Delaware's reputation in chemical research.

Universal Display Corporation (NASDAQ: OLED) announced its participation in upcoming investor conferences. The company will present at the Deutsche Bank Technology Conference on September 9, 2021, at 9:10 AM ET, and at the Citi 2021 Virtual Global Technology Conference on September 13, 2021, at 8:50 AM ET. Both events will be held virtually, with presentations by Executive Vice President and CFO Sidney Rosenblatt. Archived audio webcasts will be available on the company's investor relations website.

Universal Display Corporation (NASDAQ:OLED) announced the appointment of Linda Choi MacDonald as Chief Operating Officer of its subsidiary, Adesis, Inc. MacDonald brings over 25 years of biopharmaceutical experience, having previously served as COO at Avanir Pharmaceuticals and held key roles at UCB Biopharma and Eli Lilly. In her new role, she will oversee Adesis' P&L, operations, and strategy. The company specializes in organic chemistry services, supporting various industries including biotech and pharmaceuticals.

Universal Display Corporation (NASDAQ: OLED) announced the recipients of its UDC Awards in Organic Electronics & Display during the 21st International Meeting of Information Display in Seoul, Korea, on August 25, 2021. The UDC Innovative Research Award was granted to researchers from Yonsei University for their paper on biocompatible resistive memory. The UDC Pioneering Technology Award was awarded for groundbreaking OLED advancements. CEO Steven V. Abramson emphasized the company's commitment to innovation and research in the OLED industry.

Universal Display Corporation (Nasdaq: OLED) announces its participation in several upcoming investor and industry conferences. Key events include the Oppenheimer 24th Annual Technology, Internet & Communications Conference on August 11, 2021, where CFO Sidney Rosenblatt will present. Another significant event is the Bank of America Tech Innovation Tour on August 23, 2021, featuring Darice Liu. Additionally, they will participate in the 2021 IMID conference in Seoul, Korea, from August 25-27, with keynote addresses from Dr. Julie Brown and presentations focused on advancements in OLED technology.

Universal Display Corporation (Nasdaq: OLED) reported a remarkable second quarter 2021, achieving total revenue of $129.7 million, a significant increase from $58.0 million in Q2 2020. This growth is attributed to heightened demand for OLED products and recovery from COVID-19 impacts. Notably, net income soared to $40.5 million or $0.85 per diluted share, compared to $0.02 per share in the same quarter last year. For 2021, the company expects revenue between $530 million and $560 million and has declared a cash dividend of $0.20 per share payable on September 30, 2021.

Universal Display Corporation (Nasdaq: OLED) has declared a $0.20 per share cash dividend for Q3 2021, payable on September 30, 2021, to shareholders recorded by September 16, 2021. This dividend reflects the company's strong commitment to return capital to shareholders, buoyed by anticipated continued cash flow generation. Future dividends will depend on Board approval. Universal Display specializes in organic light emitting diode (OLED) technologies, holding over 5,000 patents globally.