Hardman Johnston Global Advisors maintained its bullish stance on Universal Display Corporation in its first-quarter 2026 investor letter for the Large Cap Equity Strategy. The firm acknowledged that the stock continued to lag, citing higher computer memory prices driving up mobile phone costs and slowing demand in a key end market, along with broader consumption risks from the war. Universal Display shares closed at $83.05 on July 1, 2026, with a market capitalization of $3.88 billion, and have fallen 48.13% over the past 52 weeks. Despite these headwinds, Hardman Johnston expressed confidence in the company's longer-term prospects and the eventual widespread adoption of its OLED technology.
Universal DisplayHigher computer memory prices driving up mobile phone costs and slowing demand in a key end market for OLED technology.