Shares of OLED provider Universal Display (NASDAQ:OLED) dropped 9.1% after reporting disappointing Q3 results below expectations. Revenue fell 13.6% to $139.6 million, missing estimates. Earnings per share of $0.92 were 21.6% lower than analyst predictions. Investors sold off shares, closing at $125.18, down 7.5%.

Universal Display’s stock is volatile with significant moves in the past year. Today’s drop is seen as significant but not changing the business perception. The last big move was 25 days ago when stock rose 4.5% due to eased trade tensions. The semiconductor sector benefited from improved sentiment after a weekend message from President Trump.

The company is down 16.5% since the start of the year, trading 31.9% below its 52-week high. Investors who bought $1,000 of its shares 5 years ago would now have $587.43. Meanwhile, an under-the-radar semiconductor supplier is excelling in AI components.

Read more at Yahoo Finance: Why Universal Display (OLED) Stock Is Nosediving