4,654,934 Shares in eMagin Corporation $EMA Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. acquired a new position in eMagin Corporation (NYSE:EMA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,654,934 shares of the company’s stock, valued at approximately $223,735,000.

Several other large investors have also modified their holdings of EMA. Rathbones Group PLC grew its stake in eMagin by 0.3% in the 1st quarter. Rathbones Group PLC now owns 58,900 shares of the company’s stock valued at $3,043,000 after buying an additional 200 shares during the last quarter. Parallel Advisors LLC raised its holdings in eMagin by 130.9% in the 1st quarter. Parallel Advisors LLC now owns 508 shares of the company’s stock worth $26,000 after acquiring an additional 288 shares during the period. EverSource Wealth Advisors LLC lifted its position in eMagin by 54.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,093 shares of the company’s stock worth $57,000 after acquiring an additional 385 shares during the last quarter. Mather Group LLC. acquired a new position in eMagin during the 3rd quarter worth $38,000. Finally, Venturi Wealth Management LLC lifted its position in eMagin by 12.1% during the 1st quarter. Venturi Wealth Management LLC now owns 8,111 shares of the company’s stock worth $421,000 after acquiring an additional 877 shares during the last quarter.

eMagin Stock Up 1.4%

Shares of EMA traded up $0.66 during mid-day trading on Friday, hitting $47.73. The company’s stock had a trading volume of 907,398 shares, compared to its average volume of 445,130. The stock’s 50-day moving average is $49.11 and its two-hundred day moving average is $51.46. eMagin Corporation has a one year low of $45.27 and a one year high of $55.49.

eMagin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a dividend of C$0.74 per share. This represents a $2.96 annualized dividend and a yield of 6.2%. The ex-dividend date is Friday, October 30th. This is an increase from eMagin’s previous quarterly dividend of C$0.73.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays decreased their price target on shares of eMagin from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Monday, August 10th. Weiss Ratings lowered eMagin from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, Wall Street Zen raised eMagin from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 10th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, eMagin currently has an average rating of “Hold” and a consensus price target of $53.00.

eMagin Company Profile

eMagin Corporation was a U.S.-based developer and manufacturer of high-resolution organic light-emitting diode (OLED) microdisplays. Its products were designed for applications requiring compact, lightweight displays with high image quality, including defense, aerospace, medical, industrial, and consumer systems.

The company’s product portfolio included active-matrix OLED microdisplays, display modules, and related display solutions. These technologies were used in applications such as night-vision and thermal-imaging equipment, helmet-mounted and head-up displays, avionics, training systems, and emerging augmented- and virtual-reality devices.

Founded in 1996 and headquartered in Hopewell Junction, New York, eMagin served customers in the United States and international markets, with a significant focus on government and defense programs.