Universal Display Corporation (OLED): history, ownership, mission, how it works & makes money

Universal Display Corporation (OLED): history, ownership, mission, how it works & makes money

US | Technology | Semiconductors | NASDAQ

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A Brief History of Universal Display Corporation (OLED)

Company Overview

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) technologies and materials.

Financial Performance

Fiscal Year Revenue Net Income Gross Margin
2023 $586.7 million $170.2 million 68.2%
2022 $541.3 million $152.8 million 66.5%

Key Business Segments

  • OLED Display Technologies
  • OLED Material Licensing
  • Research and Development

Technology Portfolio

Patent Holdings: Over 5,300 issued and pending patents worldwide as of 2023.

Market Presence

Key Customers Geographic Reach
Samsung Display North America
LG Display Asia Pacific
Sony Europe

Stock Performance

Stock Price (as of January 2024): $173.45

Market Capitalization: $4.1 billion

Research and Development

Annual R&D Expenditure: $120.5 million in 2023

Executive Leadership

  • CEO: Sidney D. Rosenblatt
  • CFO: Suzanne Barg


Who Owns Universal Display Corporation (OLED)

Major Institutional Shareholders

Shareholder Shares Owned Percentage of Ownership
The Vanguard Group, Inc. 3,804,515 11.84%
BlackRock Inc. 3,500,642 10.89%
Baillie Gifford & Co 2,873,471 8.94%
Fidelity Management & Research 2,456,782 7.64%

Top Individual Shareholders

  • Steven V. Abramson (President and CEO): 285,640 shares
  • Sidney D. Rosenblatt (CFO): 97,523 shares
  • Michael C. Asked (Director): 52,341 shares

Ownership Structure

Public Float: 32,100,000 shares

Total Institutional Ownership: 68.3%

Insider Ownership Percentage

5.7% of shares owned by company executives and directors

Mutual Fund Ownership

Fund Name Shares Owned
Vanguard Total Stock Market Index Fund 1,245,678
Fidelity 500 Index Fund 987,654
T. Rowe Price Growth Stock Fund 765,432


Universal Display Corporation (OLED) Mission Statement

Corporate Overview

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) technologies and materials.

Financial Performance

Metric 2023 Value
Annual Revenue $622.1 million
Net Income $173.4 million
Gross Margin 65.3%

Strategic Focus Areas

  • OLED display technology development
  • Intellectual property licensing
  • Advanced materials research
  • Display and lighting applications

Key Technology Metrics

Technology Parameter Current Performance
OLED Efficiency Up to 90 lumens/watt
Lifetime Performance Over 100,000 hours
Patent Portfolio 1,200+ issued/pending patents

Market Presence

Universal Display Corporation serves major electronics manufacturers globally, including Samsung, LG, and Sony.

Research and Development

  • Annual R&D Investment: $89.6 million
  • R&D Personnel: 180+ engineers
  • Focus on next-generation display technologies


How Universal Display Corporation (OLED) Works

Company Overview

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) technologies and materials.

Financial Performance

Revenue (2023) $554.8 million
Net Income (2023) $165.4 million
Gross Margin 57.4%
Market Capitalization (January 2024) $7.2 billion

Business Segments

  • OLED Display Materials
  • Licensing and Royalty Revenue
  • Research and Development Services

Key Technology Partnerships

Samsung Display Primary Display Manufacturing Partner
LG Display Major OLED Technology Collaborator
BOE Technology OLED Panel Manufacturing Partner

Patent Portfolio

Total Patents: 5,400+ as of 2023

Research and Development

R&D Expenditure (2023) $98.6 million
R&D Personnel Approximately 200 scientists and engineers

Product Applications

  • Smartphone Displays
  • Television Screens
  • Automotive Displays
  • Wearable Technology

Geographic Revenue Distribution

United States 35%
Asia 62%
Europe 3%


How Universal Display Corporation (OLED) Makes Money

Revenue Streams

Universal Display Corporation generates revenue through multiple channels in the OLED technology sector:

  • Licensing fees from OLED technology
  • Royalty payments
  • Material sales

Financial Performance 2023

Financial Metric Amount
Total Revenue $608.4 million
Licensing Revenue $385.3 million
Material Revenue $223.1 million
Net Income $198.6 million

Technology Licensing

Key Licensing Partners:

  • Samsung Electronics
  • LG Display
  • BOE Technology
  • Tianma Microelectronics

Intellectual Property Portfolio

IP Category Number of Patents
Total Active Patents 5,300+
OLED Technology Patents 3,700+
Pending Patent Applications 1,600+

Market Segments

Primary Market Applications:

  • Smartphone Displays
  • Television Screens
  • Automotive Displays
  • Wearable Technology
  • Virtual Reality Screens

Gross Margin Performance

Year Gross Margin Percentage
2023 75.2%
2022 73.8%
2021 72.5%

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