Universal Display Corporation Q4 2023 Earnings Call Transcript
| OLED Stock | USD 149.24 2.12 1.44% |
About 51% of Universal Display's investor base is interested to short. The analysis of overall sentiment of trading Universal Display stock suggests that many investors are impartial at this time. The current market sentiment, together with Universal Display's historical and current headlines, can help investors time the market. In addition, many technical investors use Universal Display stock news signals to limit their universe of possible portfolio assets.
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Universal Display Corporation Q4 2023 Earnings Call Transcript February 22, 2024 Universal Display Corporation beats earnings expectations. Reported EPS is 1.29, expectations were 1.15. OLED isnt one of the 30 most popular stocks among hedge funds at the end of the third quarter . Operator Good day, ladies and gentlemen, and
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Universal Display Fundamental Analysis
We analyze Universal Display's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Universal Display using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Universal Display based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Cash Per Share
Cash Per Share Comparative Analysis
Universal Display is currently under evaluation in cash per share category among its peers. Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Universal Display Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Universal Display stock to make a market-neutral strategy. Peer analysis of Universal Display could also be used in its relative valuation, which is a method of valuing Universal Display by comparing valuation metrics with similar companies.
Peers
Universal Display Related Equities
| VICR | Vicor | 6.53 | ||||
| BELFA | Bel Fuse | 5.13 | ||||
| FN | Fabrinet | 2.89 | ||||
| PLXS | Plexus Corp | 1.47 | ||||
| SANM | Sanmina | 1.46 | ||||
| TEL | TE Connectivity | 1.41 | ||||
| BHE | Benchmark Electronics | 0.78 | ||||
| FLEX | Flex | 0.78 | ||||
| JBL | Jabil Circuit | 0.72 | ||||
| ROG | Rogers | 0.09 | ||||
| APH | Amphenol | 0.63 | ||||
| MEI | Methode Electronics | 2.15 |
Complementary Tools for Universal Stock analysis
When running Universal Display's price analysis, check to measure Universal Display's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Universal Display is operating at the current time. Most of Universal Display's value examination focuses on studying past and present price action to predict the probability of Universal Display's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Universal Display's price. Additionally, you may evaluate how the addition of Universal Display to your portfolios can decrease your overall portfolio volatility.
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