QV Investors Inc. Reduces Stake in eMagin Corporation $EMA

QV Investors Inc. decreased its holdings in shares of eMagin Corporation (NYSE:EMA) by 4.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 747,226 shares of the company’s stock after selling 35,660 shares during the period. eMagin accounts for about 3.0% of QV Investors Inc.’s portfolio, making the stock its 10th largest position. QV Investors Inc.’s holdings in eMagin were worth $39,622,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. State of Tennessee Department of Treasury purchased a new position in eMagin during the second quarter valued at approximately $7,749,000. Russell Investments Group Ltd. increased its holdings in shares of eMagin by 22.5% in the 4th quarter. Russell Investments Group Ltd. now owns 131,852 shares of the company’s stock valued at $6,506,000 after acquiring an additional 24,241 shares during the period. Rathbones Group PLC raised its position in shares of eMagin by 0.3% in the 1st quarter. Rathbones Group PLC now owns 58,900 shares of the company’s stock worth $3,043,000 after acquiring an additional 200 shares in the last quarter. Wellington Management Group LLP bought a new stake in eMagin during the second quarter valued at about $2,926,000. Finally, Venturi Wealth Management LLC raised its holdings in eMagin by 12.1% in the first quarter. Venturi Wealth Management LLC now owns 8,111 shares of the company’s stock worth $421,000 after purchasing an additional 877 shares in the last quarter.

eMagin Trading Up 0.0%

Shares of NYSE EMA opened at $49.91 on Monday. eMagin Corporation has a 52 week low of $45.77 and a 52 week high of $55.49. The business’s 50 day moving average price is $52.65 and its 200 day moving average price is $52.25.

eMagin Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend was Monday, August 3rd.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EMA. Weiss Ratings downgraded shares of eMagin from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Barclays cut their price target 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus 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.