QV Investors Inc. Sells 35,660 Shares of eMagin Corporation $EMA

QV Investors Inc. lowered its stake in shares of eMagin Corporation (NYSE:EMA) by 4.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 747,226 shares of the company’s stock after selling 35,660 shares during the period. eMagin comprises about 3.0% of QV Investors Inc.’s portfolio, making the stock its 10th largest holding. QV Investors Inc.’s holdings in eMagin were worth $39,622,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. State of Tennessee Department of Treasury acquired a new stake in eMagin during the second quarter worth about $7,749,000. Russell Investments Group Ltd. lifted its holdings 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 acquiring an additional 24,241 shares during the period. Wellington Management Group LLP acquired a new position in eMagin in the second quarter valued at approximately $2,926,000. Parallel Advisors LLC boosted its position 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 purchasing an additional 288 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in eMagin by 54.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,093 shares of the company’s stock worth $57,000 after purchasing an additional 385 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Barclays cut their target price 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 downgraded shares of eMagin from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $53.00.

eMagin Stock Up 0.0%

NYSE EMA opened at $49.91 on Monday. eMagin Corporation has a twelve month low of $45.77 and a twelve month high of $55.49. The stock has a 50-day moving average of $52.65 and a 200 day moving average of $52.25.

eMagin Dividend Announcement

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

eMagin Profile

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.