Universal Display (OLED): Uneventful Quarter - Oppenheimer

November 4, 2016 8:24 AM EDT
Get Alerts OLED Hot Sheet
Price: $53.80 -0.37%

Rating Summary:
    7 Buy, 6 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
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Oppenheimer analyst, Andrew Uerkwitz, reiterated his Perform rating on shares of Universal Display (NASDAQ: OLED) after the company reported 3Q16 revenues/non-GAAP EPS of $30.2M/-$0.03 vs. consensus of $32.9M/-$0.04E. Universal Display is in a holding pattern awaiting capacity ramps from current customers and commercial production by new customers.

The analyst stated "we see Universal Display as one of the best pure plays to invest in the upcoming OLED display adoption, but we stay on the sidelines for now, given the uncertainty around Samsung design changes and ultimately, adoption of OLED display of the next iPhone".

For an analyst ratings summary and ratings history on Universal Display click here. For more ratings news on Universal Display click here.

Shares of Universal Display closed at $51.95 yesterday.



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