Universal Display (PANL) Surges On AMOLED Capacity Expansion
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Price: $8.07 -0.62%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.2%
Revenue Growth %: +24.5%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.2%
Revenue Growth %: +24.5%
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Shares of Universal Display Corp. (Nasdaq: PANL) are ripping higher today which could be on the back of a report from DigiTimes which said AMOLED capacity to nearly triple in 2012.
From Digitimes:
The long-anticipated growth in size and volume of AMOLED display manufacturing is finally becoming a reality, with Samsung Mobile Display's (SMD) ramp-up of the first 5.5G AMOLED fab. The company began installing equipment in its A2 factory in December 2010 and is now expected to reach maximum capacity of 80,000 substrates per month by the end of first-quarter 2012, according to DisplaySearch. This development is forecast to drive growth in AMOLED capacity from 890,000 square meters in 2011 to 2.6 million square meters in 2012. Capacity is expected to double again in 2013.
Shares of PANL are up 22 percent this morning.
From Digitimes:
The long-anticipated growth in size and volume of AMOLED display manufacturing is finally becoming a reality, with Samsung Mobile Display's (SMD) ramp-up of the first 5.5G AMOLED fab. The company began installing equipment in its A2 factory in December 2010 and is now expected to reach maximum capacity of 80,000 substrates per month by the end of first-quarter 2012, according to DisplaySearch. This development is forecast to drive growth in AMOLED capacity from 890,000 square meters in 2011 to 2.6 million square meters in 2012. Capacity is expected to double again in 2013.
Shares of PANL are up 22 percent this morning.
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