Universal Display Corporation (PANL): Today's Key Contributor To Industry Gains

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 higher today making it today's featured computer hardware winner. The industry as a whole closed the day down 0.4%. By the end of trading, Universal Display Corporation rose 99 cents (3.2%) to $32.20 on average volume. Throughout the day, 1.2 million 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 $31.75-$32.54 after having opened the day at $32.05 as compared to the previous trading day's close of $31.21. Other companies within the Computer Hardware industry that increased today were: Dot Hill Systems Corporation ( HILL), up 8.2%, NetApp ( NTAP), up 5.9%, Rimage Corporation ( RIMG), up 2.6%, and Dataram Corporation ( DRAM), up 2.4%.
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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 $1.44 billion and is part of the technology sector. The company has a P/E ratio of 147.9, above the S&P 500 P/E ratio of 17.7. Shares are up 21.2% year to date as of the close of trading on Thursday. Currently there are five 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 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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and premium valuation.

On the negative front, Concurrent Computer Corporation ( CCUR), down 8.4%, Hutchinson Technology ( HTCH), down 6%, Cray ( CRAY), down 3.3%, and Transact Technologies ( TACT), down 3.2%, were all laggards within the computer hardware industry with SanDisk ( SNDK) being today's computer hardware industry laggard.

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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