No but like you I was thinking back PANL? I keep hitting that for Universal Display remember that blurb we had on them recently they do OLED.
GBA Presents: House of Gummy-!
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No but like you I was thinking back PANL? I keep hitting that for Universal Display remember that blurb we had on them recently they do OLED.
I am sensing a theme here the return of OLED.
LG Display’s next-gen OLED panels address the tech’s biggest weakness
This year, LG Display came to CES 2024 with something to prove. It had multiple sizes of transparent OLEDs (the show's theme appears to be transparent displays) and a gaming monitor capable of 480Hz refresh rates – double what we’re used to seeing. Perhaps the most interesting things at its showroom were LG Display’s most advanced OLED panels yet, featuring its META technology 2.0. While it sounds like promotional fluff (and there’s some of that here), the company is trying to address arguably OLED’s biggest weakness.
While the company revealed its META technology last year, version 2.0 features advanced microlens arrays (now called MLA+). These are micrometer-sized lenses with a Dragonfly eye design that improves the viewing angle of OLED displays up to 160 degrees. These lenses (and there are 42.4 billion of them in LG Display’s 83-inch 4K prototype), combined with new algorithms result in an OLED far more brighter than its predecessors – 42 percent brighter than conventional OLEDs, according to the company.
LG Display’s next-gen OLED panels address the tech’s biggest weakness
This year, LG Display came to CES 2024 with something to prove. It had multiple sizes of transparent OLEDs (the show's theme appears to be transparent displays) and a gaming monitor capable of 480Hz refresh rates – double what we’re used to seeing. Perhaps the most interesting things at its showroom were LG Display’s most advanced OLED panels yet, featuring its META technology 2.0. While it sounds like promotional fluff (and there’s some of that here), the company is trying to address arguably OLED’s biggest weakness.
While the company revealed its META technology last year, version 2.0 features advanced microlens arrays (now called MLA+). These are micrometer-sized lenses with a Dragonfly eye design that improves the viewing angle of OLED displays up to 160 degrees. These lenses (and there are 42.4 billion of them in LG Display’s 83-inch 4K prototype), combined with new algorithms result in an OLED far more brighter than its predecessors – 42 percent brighter than conventional OLEDs, according to the company.
Universal Display remains Oppenheimer's 'highest conviction idea into 2024'
SA NewsFri, Jan. 05
Universal Display to benefit from OLED turnaround, upgrades to Buy: BofA
SA NewsMon, Dec. 18, 20231 Comment
SA NewsFri, Jan. 05
Universal Display to benefit from OLED turnaround, upgrades to Buy: BofA
SA NewsMon, Dec. 18, 20231 Comment
IDEA-->OLED Universal Display Corporation
$175.91-1.59 (-0.90%)
$175.91-1.59 (-0.90%)
Left to right: Alienware 32 4K QD-OLED Gaming Monitor (AW3225QF) and Alienware 27 360Hz QD-OLED Gaming Monitor (AW2725DF) | Image: Alienware
Alienware QD-OLED Gaming Monitors
For CES 2024, Alienware Technology also pulled out a host of new-market gaming monitors. The Alienware 32 4K QD-OLED Gaming Monitor (AW3225QF) and Alienware 27 360Hz QD-OLED Gaming Monitor (AW2725DF) represent the “world’s first 4K QD-OLED gaming monitor with Dolby Vision HDR” and the “world’s first 360Hz QD-OLED gaming monitor”, respectively.
According to Alienware, the AW3225QF is a 4K curved QD-OLED panel that is designed to meet the needs of a PC gamer or content creator who “demands the finest in 4K visuals”. It features a fast 240Hz native refresh rate, 0.03ms grey-to-grey response time2, Dolby Vision HDR and VESA DisplayHDR True Black 400.
Similarly, the AW2725DF monitor lets you react to in-game situations at high speed with up to 360Hz native refresh rate. It also comes with AMD FreeSync Premium Pro and VESA AdaptiveSync technology to improve performance at virtually any framerate.
Oh wow... that is cool. Don't let Yulia see this damn thing or I'll have to hide the friggin' credit cards.Wow-
LG Signature OLED T Transparent TV | Image: LG
LG Signature OLED T Transparent TV
A fully transparent wireless OLED TV? Sounds like a ridiculous premise, but somehow LG made it happen. Unveiled as part of CES 2024, the LG Signature OLED T is the “world’s first transparent OLED TV with Zero Connect technology”. Essentially, this means you can drop this 77-inch marvel into the centre of your room and peer straight through it when you aren’t watching the next episode of The Bear.
I'm getting that Spidy sense here- these are how the best investments are made you have an idea and it comes back to you like a wave...
All told, Universal Display's stock rose 77% in 2023. Its price-to-sales and price-to-earnings ratios climbed from fairly modest valuations to a princely 15.5 times sales and 44.4 times adjusted earnings. Investors appear to be comfortable with owning this former market darling at rather pricey ratios again.
You can count me among those satisfied Universal Display shareholders. The current valuation ratios may look steep, but the company has a plethora of upcoming growth catalysts waiting in the wings.
First, a wider range of devices are getting OLED displays nowadays. About 50% of smartphones sold today come with OLED screens, but the technology's penetration of the TV market stops at 3%, leaving a lot of room for growth in that sector. OLED displays are even more uncommon on laptops, tablets, and professional IT system monitors. The potential for rising market share across these devices is enormous.
The unique qualities of OLED screens are also reaching store shelves for the first time. One recent example is foldable smartphones. Other devices make use of transparent OLED screens, and Universal Display is working up stretchable displays as well. These quirky screen formats open the door to entirely new markets and innovative designs.
On a more technical level, Universal Display's patented technologies apply only to the red and green pixels in today's red/green/blue OLED screens. The company has been working on blue OLED elements with light production and lifespans comparable to their red and green cousins for more than two decades now, and a commercial-grade blue solution seems ready for launch within the next year or two. Delivering this new material should lower the power consumption of OLED displays, simplify the production process, and increase Universal Display's royalty-earning presence in each screen by more than 30%.
So I don't mind Universal Display's lofty stock valuation, because the company's future remains bright and its growth may accelerate in 2024. This is a nuts-and-bolts investment in next-generation technology, and I expect the growth story to continue for decades.
All told, Universal Display's stock rose 77% in 2023. Its price-to-sales and price-to-earnings ratios climbed from fairly modest valuations to a princely 15.5 times sales and 44.4 times adjusted earnings. Investors appear to be comfortable with owning this former market darling at rather pricey ratios again.
You can count me among those satisfied Universal Display shareholders. The current valuation ratios may look steep, but the company has a plethora of upcoming growth catalysts waiting in the wings.
First, a wider range of devices are getting OLED displays nowadays. About 50% of smartphones sold today come with OLED screens, but the technology's penetration of the TV market stops at 3%, leaving a lot of room for growth in that sector. OLED displays are even more uncommon on laptops, tablets, and professional IT system monitors. The potential for rising market share across these devices is enormous.
The unique qualities of OLED screens are also reaching store shelves for the first time. One recent example is foldable smartphones. Other devices make use of transparent OLED screens, and Universal Display is working up stretchable displays as well. These quirky screen formats open the door to entirely new markets and innovative designs.
On a more technical level, Universal Display's patented technologies apply only to the red and green pixels in today's red/green/blue OLED screens. The company has been working on blue OLED elements with light production and lifespans comparable to their red and green cousins for more than two decades now, and a commercial-grade blue solution seems ready for launch within the next year or two. Delivering this new material should lower the power consumption of OLED displays, simplify the production process, and increase Universal Display's royalty-earning presence in each screen by more than 30%.
So I don't mind Universal Display's lofty stock valuation, because the company's future remains bright and its growth may accelerate in 2024. This is a nuts-and-bolts investment in next-generation technology, and I expect the growth story to continue for decades.
This is a great kicker--
The company has been working on blue OLED elements with light production and lifespans comparable to their red and green cousins for more than two decades now, and a commercial-grade blue solution seems ready for launch within the next year or two. Delivering this new material should lower the power consumption of OLED displays, simplify the production process, and increase Universal Display's royalty-earning presence in each screen by more than 30%
The company has been working on blue OLED elements with light production and lifespans comparable to their red and green cousins for more than two decades now, and a commercial-grade blue solution seems ready for launch within the next year or two. Delivering this new material should lower the power consumption of OLED displays, simplify the production process, and increase Universal Display's royalty-earning presence in each screen by more than 30%
This is 8 days away. If they could come out with some Blue OLED news this will be another 20% gainer. The chart is not good on it's own>
Pattern
Bearish
EWING, N.J., January 04, 2024--(BUSINESS WIRE)--Universal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced its participation in the following investor conference.
Investor Conference:
26th Annual Needham Growth Conference
Date: January 18, 2024 <---------------
Presentation Time: 9:30 AM ET*
Location: New York City
Pattern
Bearish
EWING, N.J., January 04, 2024--(BUSINESS WIRE)--Universal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced its participation in the following investor conference.
Investor Conference:
26th Annual Needham Growth Conference
Date: January 18, 2024 <---------------
Presentation Time: 9:30 AM ET*
Location: New York City
I like it, but it's best to wait for a big correction. Definitely goes on the rainy day shopping list. It'll pull back eventually, but you're right, the forward growth is there.