Universal Display Corporation (NASDAQ:OLED) shares were trading around 4% lower Friday afternoon, following the company’s reported Q3 results, with EPS coming in at $0.9, missing the street estimate of $1.09.

The company reaffirmed its full-year guidance after reporting Q3 results. Given the current supply-chain constraints across the electronics industry that appear to have worsened in Q3 and could persist into 2022, analysts at Deutsche Bank are not surprised by the lack of upside to what previously looked like a conservative full-year guidance. Post results, the analysts are cautious on the near-term impact on the electronics industry from supply constraints and inflationary component costs, and have lowered their price target from $270 to $240 to account for increased uncertainty.