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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Universal Display Corporation ( PANL) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Universal Display Corporation fell $1.05 (-2.5%) to $40.66 on average volume. Throughout the day, 913,499 shares of Universal Display Corporation exchanged hands as compared to its average daily volume of 856,900 shares. The stock ranged in price between $40.28-$41.75 after having opened the day at $41.75 as compared to the previous trading day's close of $41.71. Other companies within the Computer Hardware industry that declined today were: XRS ( XRSC), down 15.7%, Mitek Systems ( MITK), down 5.7%, Super Micro Computer ( SMCI), down 4.7%, and iGo ( IGOI), down 4.1%.
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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 $1.98 billion and is part of the technology sector. The company has a P/E ratio of 88.8, below the average computer hardware industry P/E ratio of 94.7 and above the S&P 500 P/E ratio of 17.7. Shares are up 13.7% year to date as of the close of trading on Tuesday. Currently there are six analysts that rate Universal Display Corporation a buy, one analyst rates it a sell, and four rate it a hold.

TheStreet Ratings rates Universal Display Corporation as a buy. 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

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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