Zacks Investment Research cut shares of eMagin (NYSEAMERICAN:EMAN) from a hold rating to a sell rating in a research note issued to investors on Tuesday.

According to Zacks, “eMagin Corporation is a leading developer of virtual imaging technology, eMagin combines integrated circuits, microdisplays, and optics to create a virtual image equivalent to the real image of a computer monitor or large screen TV. These miniature, high-performance, virtual imaging modules provide access to information-rich text, data, and video which can facilitate the opening of new mass markets for wearable PCs, wireless Internet appliances and mobile phones, portable DVD-viewers, digital cameras, and other emerging applications. “

Separately, HC Wainwright set a $4.00 price target on eMagin and gave the stock a buy rating in a research report on Friday, May 11th.

EMAN stock opened at $1.40 on Tuesday. eMagin has a 52-week low of $1.23 and a 52-week high of $2.30.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Washington CORP boosted its holdings in eMagin by 23.1% in the first quarter. First Washington CORP now owns 1,413,853 shares of the semiconductor company’s stock valued at $2,050,000 after purchasing an additional 265,620 shares during the period. Northern Trust Corp boosted its holdings in eMagin by 147.0% in the first quarter. Northern Trust Corp now owns 90,712 shares of the semiconductor company’s stock valued at $131,000 after purchasing an additional 53,980 shares during the period. Finally, Penn Capital Management Co. Inc. purchased a new position in eMagin in the first quarter valued at $1,055,000.

About eMagin

eMagin Corporation designs, develops, manufactures, and markets organic light emitting diode (OLED) displays on-silicon micro displays; virtual imaging products that utilize OLED micro displays; and related products. It offers super video graphics array (SVGA) + OLED micro displays; digital SVGA OLED-XL; super extended graphics array OLED-XL/XLS and OLED-XL; video graphics array OLED-XL; and widescreen ultra-extended graphics array OLED-XL.

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