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 up 0.1%. By the end of trading, Universal Display Corporation fell $0.56 (-1.8%) to $31.44 on light volume. Throughout the day, 483,669 shares of Universal Display Corporation exchanged hands as compared to its average daily volume of 1,040,800 shares. The stock ranged in price between $31.17-$32.18 after having opened the day at $31.84 as compared to the previous trading day's close of $32.00. Other companies within the Computer Hardware industry that declined today were: Performance Technologies ( PTIX), down 14.3%, Dataram Corporation ( DRAM), down 7.5%, iGo ( IGOI), down 6.0% and Immersion Corporation ( IMMR), down 4.6%.
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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 $1.5 billion and is part of the technology sector. The company has a P/E ratio of 155.5, above the S&P 500 P/E ratio of 17.7. Shares are up 27.4% year to date as of the close of trading on Monday.

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, unimpressive growth in net income and premium valuation.

On the positive front, Datalink Corporation ( DTLK), down 8.2%, Stratasys ( SSYS), down 5.1%, Omnicell ( OMCL), down 4.1% and Concurrent Computer Corporation ( CCUR), down 3.8% , were all gainers within the computer hardware industry with International Business Machines ( IBM) being today's featured computer hardware industry leader.

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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