Shares of Universal Display (NASDAQ: OLED) rose 94% in the first half of 2017, according to data from S&P Global Market Intelligence.
The company is enjoying strong interest in its organic light-emitting diode technologies lately, which led to two excellent earnings reports along with strong guidance for the rest of fiscal year 2017.
Universal Display may not be done with this growth spurt quite yet. Rumor has it that Apple might make the upcoming iPhone 8 its first OLED-equipped smartphone, which would be a dramatic technology shift for Apple and a huge growth driver for Universal Display. Meanwhile, large-screen OLED television sets are working their way into the consumer-level mainstream, and that's actually an even more important growth vector for Universal Display.
Long story short, consumers are craving OLED screens and that keeps manufacturing lines busy across the OLED panel industry. That's great news for Universal Display and its shareholders, and it's high-quality organic growth to boot.
This is a great time to own Universal Display stock, but the company's best days still lie ahead.
10 stocks we like better than Universal DisplayWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Universal Display wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
*Stock Advisor returns as of June 5, 2017