Barclays Cuts eMagin (NYSE:EMA) Price Target to $52.00

eMagin (NYSE:EMA) had its target price cut by Barclays from $53.00 to $52.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other research analysts have also recently issued reports about the company. Wall Street Zen raised eMagin from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 18th. Bank of America cut eMagin from a “buy” rating to a “neutral” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, eMagin presently has an average rating of “Hold” and a consensus price target of $56.33.

eMagin Price Performance

NYSE:EMA opened at $52.50 on Monday. eMagin has a 1 year low of $41.90 and a 1 year high of $54.06. The stock has a 50-day moving average price of $52.34 and a two-hundred day moving average price of $50.18.

eMagin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be given a dividend of $0.7325 per share. This represents a $2.93 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, May 1st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EMA. State of Tennessee Department of Treasury acquired a new position in shares of eMagin during the second quarter worth about $7,749,000. Russell Investments Group Ltd. raised its holdings in eMagin by 22.5% during the fourth quarter. Russell Investments Group Ltd. now owns 131,852 shares of the company’s stock worth $6,506,000 after acquiring an additional 24,241 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in eMagin during the fourth quarter worth about $356,000. DGS Capital Management LLC bought a new stake in eMagin during the first quarter worth about $349,000. Finally, Syon Capital LLC bought a new stake in eMagin during the third quarter worth about $306,000.

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.