Universal Display (OLED) One-on-Ones at Needham Conference 6.5x Over-Subscribed; Management Confident in Market Position - Analyst

Needham & Company analyst James Ricchiuti weighed in on Hold-rated Universal Display (NASDAQ: OLED) after they hosted a fireside chat with OLED's CFO, Sid Rosenblatt, in front of a packed audience at the 19th Annual Needham Growth Conference.

"OLED generated strong demand for one-on-ones, with meetings 6.5x over-subscribed," Ricchiuti commented. "As expected, management did not provide an update on its 2016 revenue guidance of $190-200MM, which implies 4Q revenues of $65-76MM, reflecting 5-21% y/y growth. Management did acknowledge the challenge of providing annual revenue guidance, given the many variables as the OLED industry scales over the next several years, including the timing of new capacity, the materials recipe that a given display maker may be using and timing of new-product introductions by consumer electronics companies. That said, management appears confident of UDC’s position in the market and optimistic about its ability to capitalize on the attractive growth opportunities that are clearly in front of the OLED the industry."

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 $57.05 yesterday.

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