Universal Display Slips As Client Samsung Deals With Surplus

as declared in Universal Display (OLED) stock skidded on Friday over a report which Samsung, its largest customer, is dealing with an oversupply of OLED display panels after client Apple (AAPL) slashed produce of its iPhone X handset. Universal Display is a leading supplier of tech and materials for organic light-emitting diode (OLED) displays and lighting. Universal Display shares dropped 4.4% to lock at 154.95 on the stock market today. IBD'S TAKE: global Display stock has an IBD Composite Rating of 95 out of a best-possible 99. RELATED:OLED Specialist global Display Gets Bump From Samsung DealApple Stock Rises As Berkshire Hathaway raises Its StakeApple Entering Post-Supercycle Era, however iPhone Installed foundation continue Growing

Universal Display stock soars on announcement of long-term agreement wtih Samsung Display

Shares of global Display Corp. OLED, -4.35% are up 9.4% in midday trading Wednesday after the firm told that it had reached new long-term supply and licensing agreements with Samsung Display Co. Ltd. The arrangement, that continues out of 2022, states that global Display going to still supplying OLED materials and tech to Samsung Display. The agreements can be extended for 2 further years beyond the 2022 expiration, global Display told in a release. "Collaborating for over eighteen years, Samsung Display has been at the forefront of the OLED revolution with its vibrant, colorful, and brilliant displays. Universal Display shares have gained 138% in the past twelve months, while the S&P 500 SPX, +0.04% is up 15%.

OLED Specialist global Display Gets Bump From Samsung Deal

according to Universal Display (OLED), a leader in tech and materials for OLED displays and lighting, got a boost Wednesday from a bargain with South Korean user electronics giant Samsung. Ewing, N.J.-based global Display reported the signing of long-term OLED material supply and license agreements with Samsung Display. IBD'S TAKE: global Display stock has an IBD Composite Rating of 92 out of a best-possible 99. Muse reiterated his outperform rating on global Display stock with a value aim of 225. RELATED:OLED Display provider Dim On Lowered iPhone X ProspectsNetgear, Nvidia, global Display Get Post-CES BounceUniversal Display Stock Jumps On OLED Licensing, Materials Deal

collected by :Molly Tony