55,176 Shares in eMagin Corporation $EMA Purchased by Wellington Management Group LLP

Wellington Management Group LLP acquired a new position in eMagin Corporation (NYSE:EMA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 55,176 shares of the company’s stock, valued at approximately $2,926,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. State of Tennessee Department of Treasury purchased a new stake in shares of eMagin during the 2nd quarter worth approximately $7,749,000. Russell Investments Group Ltd. lifted its stake in eMagin by 22.5% in the fourth quarter. Russell Investments Group Ltd. now owns 131,852 shares of the company’s stock valued at $6,506,000 after purchasing an additional 24,241 shares during the last quarter. Parallel Advisors LLC grew its holdings in eMagin by 130.9% during the first quarter. Parallel Advisors LLC now owns 508 shares of the company’s stock valued at $26,000 after purchasing an additional 288 shares during the period. EverSource Wealth Advisors LLC grew its holdings in eMagin by 54.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,093 shares of the company’s stock valued at $57,000 after purchasing an additional 385 shares during the period. Finally, Versant Capital Management Inc increased its position in eMagin by 15.0% in the second quarter. Versant Capital Management Inc now owns 7,396 shares of the company’s stock worth $392,000 after buying an additional 963 shares during the last quarter.

eMagin Stock Down 1.7%

EMA opened at $49.54 on Friday. eMagin Corporation has a 12 month low of $45.77 and a 12 month high of $55.49. The company has a 50 day moving average of $52.17 and a 200 day moving average of $52.24.

eMagin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were issued a $0.7325 dividend. This represents a $2.93 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Monday, August 3rd.

Analyst Ratings Changes

Several analysts have issued reports on the company. Barclays lowered their target price on eMagin from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Monday, August 10th. Weiss Ratings upgraded eMagin from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, eMagin presently has an average rating of “Hold” and a consensus target price of $53.00.

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.