Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel displays and solid-state lighting applications. It owns, exclusively licenses, or has the sole right to sublicense approximately 3,600 patents issued and pending worldwide. The company licenses and supplies its proprietary UniversalPHOLED phosphorescent OLED technologies and materials to display manufacturers and others. It is also involved in the research, development, and commercialization of other OLED device and manufacturing technologies, including FOLED that are flexible OLEDs for the fabrication of OLEDs on flexible substrates; encapsulation technology for the packaging of flexible OLEDs and other thin-film devices, as well as for use as a barrier film for plastic substrates; UniversalP2OLED, which are printable phosphorescent OLEDs; OVJP, an organic vapor jet printing technology; OVPD, an organic vapor phase deposition for manufacturing a small molecule OLED; and TOLED, which are transparent OLEDs for the fabrication of OLEDs that have transparent cathodes. In addition, the company provides technology development and support services, including government contract work and support provided to third parties for the commercialization of their OLED products. It has strategic relationships with Samsung Display Co., Ltd.; LG Display Co., Ltd.; Tohoku Pioneer Corporation; Konica Minolta Holdings Inc.; AU Optronics Corporation; Innolux Corporation; Kaneka Corporation; Philips Technologic GmbH; Sumitomo Chemical Co., Ltd.; Sony Corporation; Lumiotec, Inc.; LG Chem, Ltd.; NEC Lighting, Ltd.; BOE Technology Group Co., Ltd.; and OLEDWorks L.L.C. The company was founded in 1985 and is headquartered in Ewing, New Jersey.
By Tiernan Ray Shares of organic light-emitting diode technology maker Universal Display (OLED) are higher by $4.30, or almost 8%, at $60.71, after Goldman Sachs’s Brian Lee this morning raised his rating on the shares to Buy from Neutral, and hiked his price target to $76 from $55, writing that the company will benefit as Apple (AAPL) begins use of organic LED technology in the iPhone for the first time next year.
This is a strong growth stock, as more and more things will have OLED displays that never need ed them before. I think it is at a relative performance low point, so imo it is setting up for positive outperformance.
