Wall Street Zen upgraded shares of eMagin (NYSE:EMA – Free Report) from a strong sell rating to a sell rating in a research report sent to investors on Saturday,Wall Street Zen reports.
EMA has been the subject of several other research reports. Weiss Ratings downgraded eMagin from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Barclays decreased their target price on shares of eMagin from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Monday, August 10th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $53.00.
Read Our Latest Analysis on EMA
eMagin Stock Performance
eMagin Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were given a dividend of C$0.73 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $2.93 dividend on an annualized basis and a yield of 6.4%.
Institutional Investors Weigh In On eMagin
Several institutional investors and hedge funds have recently bought and sold shares of EMA. Engineers Gate Manager LP raised its holdings in shares of eMagin by 182.6% during the second quarter. Engineers Gate Manager LP now owns 26,564 shares of the company’s stock valued at $1,408,000 after acquiring an additional 17,165 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in eMagin by 6.1% in the second quarter. The Manufacturers Life Insurance Company now owns 1,232,687 shares of the company’s stock valued at $65,258,000 after acquiring an additional 71,020 shares in the last quarter. Wellington Management Group LLP bought a new stake in eMagin in the second quarter valued at $2,926,000. Greenland Capital Management LP purchased a new position in eMagin during the 2nd quarter valued at $2,562,000. Finally, Sequoia Financial Advisors LLC purchased a new position in eMagin during the 2nd quarter valued at $264,000.
eMagin Company Profile
eMagin Corporation was a U.S.-based developer and manufacturer of organic light-emitting diode (OLED) microdisplays and near-eye display systems. Its products were designed for applications requiring compact, high-resolution displays, including military and aerospace equipment, night-vision and thermal-imaging systems, medical devices, industrial instruments, and other specialized electronics.
The company developed active-matrix OLED microdisplays, display engines, and related technologies intended for use in head-mounted and wearable systems.
Featured Articles
- Five stocks we like better than eMagin
- 3 Unique ETFs With Strong Momentum for the End of the Year
- 3 Beaten-Down Biotech Stocks With Triple-Digit Upside and Big Catalysts Ahead
- Schneider Just Paid Up for PTC—Is the SaaSpocalypse Overdone?
- Delta Air Lines Faces a Fuel Crisis—But There’s a Silver Lining
Receive News & Ratings for eMagin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eMagin and related companies with MarketBeat.com's FREE daily email newsletter.
