Universal Display Corporation (PANL): Today's Featured Computer Hardware Winner

Universal Display Corporation ( PANL) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day down 0.5%. By the end of trading, Universal Display Corporation rose 28 cents (0.8%) to $34.28 on light volume. Throughout the day, 409,321 shares of Universal Display Corporation exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in a price between $33.73-$34.96 after having opened the day at $34.05 as compared to the previous trading day's close of $34. Other companies within the Computer Hardware industry that increased today were: Socket Mobile ( SCKT), up 12.8%, iGo ( IGOI), up 12.2%, Mitek Systems ( MITK), up 7.1%, and Video Display Corporation ( VIDE), up 4.8%.

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel display, solid-state lighting, and other product applications. Universal Display Corporation has a market cap of $1.63 billion and is part of the technology sector. The company has a P/E ratio of 100.1, below the average computer hardware industry P/E ratio of 184.4 and above the S&P 500 P/E ratio of 17.7. Shares are down 4.5% year to date as of the close of trading on Tuesday. Currently there are five analysts that rate Universal Display Corporation a buy, one analyst rates it a sell, and six rate it a hold.

TheStreet Ratings rates Universal Display Corporation as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including premium valuation, weak operating cash flow and a generally disappointing performance in the stock itself.

On the negative front, OCZ Technology Group ( OCZ), down 17.4%, MTS Medication Technologies ( MTSI), down 9.4%, Quantum Corporation ( QTM), down 7.9%, and Crossroads Systems Incorporated ( CRDS), down 5.3%, were all losers within the computer hardware industry with Aruba Networks ( ARUN) being today's computer hardware industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor ( SSG).
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