Gabelli Comments On Universal Display, Samsung Mobile Display

According to Gabelli, Universal Display (NASDAQ: PANL) is rated Buy.

Gabelli said that Samsung Mobile Display's new Gen 5.5 manufacturing lines has been launched into operation this month, 2 months ahead of its schedule. “So far, we have not come across official announcement on the Gen 5.5 production start from Samsung. We think the report that Samsung Gen 5.5 has already started is consistent with our previous data points and our belief that if there is a minor delay due to Japanese supply disruption, it will affect phase II. Our model assumed that the new Gen 5.5 will start in May 2011 at a low utilization rate; therefore, we continue to maintain the same assumption. We believe the capacity projection in our model is conservative relative to the monthly capacity information above.”

Universal Display closed yesterday at $47.20.