Hardman Johnston’s Bullish Stance on Universal Display Corporation (OLED)

Soumya Eswaran Thu, July 2, 2026 at 9:53 AM EDT 2 min read **

• OLED

Hardman Johnston Global Advisors, an investment management firm, issued its investor letter for the Hardman Johnston Large Cap Equity Strategy for the first quarter of 2026. A copy of the letter can be downloaded here. The strategy achieved a return of 0.68% (gross) and 0.57% (net) during this period, in contrast to a -4.33% return for the S&P 500 Total Return Index. Companies with robust backlogs of customer business were rewarded, while those with more economically sensitive clients faced underperformance. Looking beyond the immediate disruptions, the firm believes the overall outlook for the U.S. economy remains positive. Please review the Strategy's top five holdings to gain insights into their key selections for 2026.

In its first-quarter 2026 investor letter Hardman Johnston Large Cap Equity Strategy highlighted Universal Display Corporation (NASDAQ:OLED). Universal Display Corporation (NASDAQ:OLED) is a technology company focuses on the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for display and solid-state lighting applications. On July 1, 2026, Universal Display Corporation (NASDAQ:OLED) closed at $83.05 per share, reflecting a market capitalization of $3.88 billion. Universal Display Corporation (NASDAQ:OLED) posted a one-month return of -7.93%, and its shares lost 48.13% over the past 52 weeks.

Hardman Johnston Large Cap Equity Strategy stated the following regarding Universal Display Corporation (NASDAQ:OLED) in its Q1 2026 investor letter:

"Universal Display Corporation** (NASDAQ:OLED) continued to lag. Here again, two factors were involved. Higher computer memory prices are driving up the price of mobile phones and slowing demand in one of the company's most important end markets, and the war's effect on consumption may hurt end markets more broadly. We remain confident in their longer-term prospects and look forward to their technology enjoying widespread adoption."

Is Universal Display Corporation (OLED) the Best Mid Cap Tech Stock to Buy Now? Universal Display Corporation (NASDAQ:OLED) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 33 hedge fund portfolios held Universal Display Corporation (NASDAQ:OLED) at the end of the first quarter, the same as in the previous quarter. While we acknowledge the potential of Universal Display Corporation (NASDAQ:OLED) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on thebest short-term AI stock.

Story Continues In another article, we covered Universal Display Corporation (NASDAQ:OLED) and shared the list of most profitable tech stocks to buy. In addition, please check out our hedge fund investor letters Q1 2026 page for more investor letters from hedge funds and other leading investors.