Barclays Cuts eMagin (NYSE:EMA) Price Target to $53.00

eMagin (NYSE:EMA) had its price target lowered by Barclays from $55.00 to $53.00 in a report published on Monday,Benzinga reports. The firm currently has an equal weight rating on the stock.

EMA has been the topic of several other reports. Wall Street Zen raised eMagin from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 18th. Weiss Ratings downgraded eMagin from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $53.00.

eMagin Stock Performance

Shares of NYSE EMA opened at $50.91 on Monday. eMagin has a 12 month low of $45.77 and a 12 month high of $55.49. The company has a 50 day simple moving average of $52.91 and a two-hundred day simple moving average of $52.17.

eMagin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be given a dividend of $0.7325 per share. The ex-dividend date is Monday, August 3rd. This represents a $2.93 dividend on an annualized basis and a yield of 5.8%.

Institutional Trading of eMagin

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State of Tennessee Department of Treasury acquired a new position in shares of eMagin during the 2nd quarter worth approximately $7,749,000. Russell Investments Group Ltd. increased its holdings in eMagin by 26.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 107,611 shares of the company’s stock worth $5,164,000 after acquiring an additional 22,654 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in eMagin during the fourth quarter worth $356,000. EverSource Wealth Advisors LLC raised its position in eMagin by 1,375.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 708 shares of the company’s stock worth $35,000 after acquiring an additional 660 shares during the period. Finally, DGS Capital Management LLC purchased a new position in eMagin during the first quarter valued at $349,000.

About eMagin

eMagin Corporation engages in the design, develop, manufacture, and market of organic light-emitting diode (OLED) miniature displays on-silicon micro displays, virtual imaging products that utilize OLED micro displays, and related products in the United States and internationally. It offers super video graphics array (SVGA) + OLED micro displays; digital SVGA OLED-XL; super extended graphics array OLED-XL/XLS; video graphics array OLED-XL; and widescreen ultra-extended graphics array OLED-XL. The company also provides design reference kits, which include a micro display and associated electronics to help original equipment manufacturers (OEMs) to evaluate micro display products; near-eye virtual imaging modules that incorporate its OLED-on-silicon micro displays with its lenses and electronic interfaces for integration into OEM products; prism optics, a molded plastic prism lens that permits its AMOLED micro displays to provide realistic images that can be viewed for extended periods with reduced eye-fatigue; and driver boards.