Universal Display (OLED)
Universal Display Corporation (OLED) is a premier innovator in the research, development, and commercialization of organic light-emitting diode (OLED) technologies and materials, serving the expanding solid-state lighting and display markets. Headquartered in Ewing, New Jersey, the company boasts a robust intellectual property portfolio and strategic partnerships with leading display manufacturers, solidifying its leadership within the OLED industry. With a commitment to enhancing energy efficiency and visual performance, Universal Display is strategically positioned to leverage the growing demand for advanced display solutions across diverse applications, including consumer electronics and automotive sectors, making it a compelling investment opportunity for institutional investors.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 27.23% per annum.
- OLED price at the close of February 9, 2026 was $125.71 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 16.32% per annum.
- OLED price at the close of February 9, 2026 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of OLED price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: June 5, 2024
End date: February 9, 2026
a = 6.3497
b = -0.0009
s = 0.1013
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -27.23%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1013) – 1
= 49.94%
June 5, 2024 calculations
Top border of price channel:
Exp(Y834)
= Exp(a + b × X834 + 2 × s)
= Exp(a + b × 1,211 + 2 × s)
= Exp(6.3497 + -0.0009 × 1,211 + 2 × 0.1013)
= Exp(5.4978)
= $244.15
Bottom border of price channel:
Exp(Y834)
= Exp(a + b × X834 – 2 × s)
= Exp(a + b × 1,211 – 2 × s)
= Exp(6.3497 + -0.0009 × 1,211 – 2 × 0.1013)
= Exp(5.0927)
= $162.83
February 9, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(6.3497 + -0.0009 × 1,825 + 2 × 0.1013)
= Exp(4.9632)
= $143.05
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(6.3497 + -0.0009 × 1,825 – 2 × 0.1013)
= Exp(4.5581)
= $95.40
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 27.23% per annum.
- OLED price at the close of February 9, 2026 was $125.71 and was inside the primary price channel.
Secondary Trend
Start date: November 26, 2024
End date: February 9, 2026
a = 5.7151
b = -0.0005
s = 0.0870
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0005) – 1
= -16.32%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0870) – 1
= 41.63%
November 26, 2024 calculations
Top border of price channel:
Exp(Y955)
= Exp(a + b × X955 + 2 × s)
= Exp(a + b × 1,385 + 2 × s)
= Exp(5.7151 + -0.0005 × 1,385 + 2 × 0.0870)
= Exp(5.2130)
= $183.64
Bottom border of price channel:
Exp(Y955)
= Exp(a + b × X955 – 2 × s)
= Exp(a + b × 1,385 – 2 × s)
= Exp(5.7151 + -0.0005 × 1,385 – 2 × 0.0870)
= Exp(4.8650)
= $129.67
February 9, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(5.7151 + -0.0005 × 1,825 + 2 × 0.0870)
= Exp(4.9982)
= $148.15
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(5.7151 + -0.0005 × 1,825 – 2 × 0.0870)
= Exp(4.6502)
= $104.60
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 16.32% per annum.
- OLED price at the close of February 9, 2026 was inside the secondary price channel.