Universal Display Shares Plunged: What You Need to Know

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What: Shares of Universal Display (Nasdaq: PANL  ) fell more than 12% in early trading after multiple analysts said a sourcing agreement with Apple (Nasdaq: AAPL  ) isn't imminent.

So what: Over the summer, Universal Display struck a deal with Samsung to supply OLED screens for its various devices. The agreement led to speculation that a deal with Apple would come to fruition at some point. Analysts at Canaccord Genuity and Cowen & Co. disagree.

Now what: So be it. Universal Display has plenty of potential non-Apple customers other than Samsung, Barron's quotes a Cowen analyst as saying in a research note. I agree; I'd also point out that LG Display (NYSE: LPL  ) is a partner. Do you believe that's enough momentum? What do you expect from Universal Display's third-quarter earnings report, which is due tomorrow? Please weigh in using the comments box below.

Interested in more information about Universal Display? Add it to your watchlist.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He owned shares of Apple at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.

The Motley Fool owns shares of Apple. Motley Fool newsletter services have recommended buying shares of Universal Display and Apple and creating a bull call spread position in Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Tim Beyers

Tim Beyers first began writing for the Fool in 2003. Today, he's an analyst for Motley Fool Rule Breakers and Motley Fool Supernova. At, he covers disruptive ideas in technology and entertainment, though you'll most often find him writing and talking about the business of comics. Find him online at or send email to For more insights, follow Tim on Google+ and Twitter.

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