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News Breaks | | | | February 25, 2013 | | 10:52 EDT |  | PANL | Universal Display sinks after Piper says Samsung using second vendor
Universal Display (PANL), which develops organic light emitting diodes, is retreating after Piper Jaffray analyst Jagadish Iyer wrote in a note to investors earlier today that it is increasingly likely that the company will not be the exclusive supplier of green host for Samsung's (SSNLF) next generation flagship smartphone, the Galaxy S4. After speaking with industry experts, the analyst believes that Samsung will use green host from both Universal Display and another vendor. Moreover, Iyer warned that Samsung plans to take steps, such as recycling and process optimization, that could prevent Universal Display's revenue from increasing by the same amount as sales of Samsung devices. Iyer, who also noted that the timing of the S4's launch has not yet been determined, reduced his price target on Universal Display to $16 from $18 and reiterated an Underweight rating on the stock. Shares of the company sank $3.15, or 9.5%, to $29.60 in mid-morning trading. | |
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News For PANL From The Last 14 Days Check below for free stories on PANL the last two weeks. |
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| May 20, 2013 | | 12:04 EDT |  | PANL | Apple rumored to be testing OLED for iWatch, AppleInsider says
 Subscribe for More Information | | | 11:55 EDT | | PANL | Universal Display rises 3%, or 94c to $31.30
Subscribe for More Information | | | 07:32 EDT |  | PANL | Society for Information Display / IHS to host a conference
Display Week 2013 is being held in Vancouver, British Columbia on May 19-24. | | | May 16, 2013 | | 11:33 EDT |  | PANL | Options with decreasing implied volatility: PANL CSC FTK A NVDA
Subscribe for More Information | | | May 15, 2013 | | 11:16 EDT | | PANL | Options with decreasing implied volatility: RAX CSC SPPI MBI PANL
| | | May 14, 2013 | | 12:16 EDT | | PANL | Options with decreasing implied volatility: MM PANL DGIT VCLK THRX
Subscribe for More Information | | | May 9, 2013 | | 16:23 EDT |  | PANL | Universal Display sees FY13 revenue $110M-$125M, consensus $119.6M
Subscribe for More Information | | | 16:22 EDT | | PANL | Universal Display reports Q1 EPS (10c), consensus (10c)
Subscribe for More Information | | | 06:57 EDT | | PANL | Universal Display May volatility elevated at 100 into Q1 and revenue outlook
Universal Display May call option implied volatility is at 100, June is at 61, September is at 54; compared to its 26-week average of 62 according to Track Data, suggesting larger near term price movement into the expected release of Q1 results today after the market close. | |
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