#2 - Universal Display Corporation (NASDAQ:OLED)
Universal Display Corporation (NASDAQ: OLED) - One of the most exciting technologies available in the new iPhones comes from this Illinois company. Universal Display Corporation develops the technology that makes it possible for the latest generation of the iPhone to have a much thinner display screen than previous models. For consumers this means they get a larger screen with a phone that takes up less space in their pocket. Add to that, their technology allows the screen to light individual pixels so the new phones won’t use as much power as a traditional LCD screen, this means users won’t have to charge their phone as often and consumers can also enjoy a higher picture quality. One of the best news for this stock is that OLED owns both the parts and the patents for its technology. Like other Apple suppliers, OLED’s stock took a hit in early 2018 largely because the initial launch of the new iPhone’s was softer than expected. The stock dropped over 50% from its 52-week high of $209. However, the stock is rebounding on the anticipated increase in sales. At just above $120 a share, it is well of its 52-week low of $78.75.
About Universal Display
Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.
Read More - Current Price
- $166.69
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 6 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $215.63 (29.4% Upside)
