eMagin Corporation $EMA Shares Sold by Mufg Securities Canada LTD.

Mufg Securities Canada LTD. reduced its position in eMagin Corporation (NYSE:EMA) by 7.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 457,692 shares of the company’s stock after selling 37,493 shares during the quarter. Mufg Securities Canada LTD.’s holdings in eMagin were worth $22,560,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in eMagin by 1,375.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 708 shares of the company’s stock valued at $35,000 after buying an additional 660 shares during the period. Syon Capital LLC acquired a new position in eMagin in the 3rd quarter valued at $306,000. Venturi Wealth Management LLC acquired a new position in shares of eMagin during the 4th quarter worth $356,000. Russell Investments Group Ltd. grew its stake in shares of eMagin by 26.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 107,611 shares of the company’s stock worth $5,164,000 after purchasing an additional 22,654 shares during the period. Finally, State of Tennessee Department of Treasury acquired a new position in shares of eMagin during the 2nd quarter worth $7,749,000.

eMagin Stock Down 0.1%

NYSE:EMA opened at $52.53 on Monday. eMagin Corporation has a fifty-two week low of $44.12 and a fifty-two week high of $54.06. The firm’s fifty day simple moving average is $52.38 and its 200-day simple moving average is $50.80.

eMagin Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a $0.7325 dividend. The ex-dividend date was Friday, May 1st. This represents a $2.93 annualized dividend and a dividend yield of 5.6%.

Wall Street Analysts Forecast Growth

EMA has been the topic of a number of recent analyst reports. Weiss Ratings cut shares of eMagin from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Barclays lowered their price target on shares of eMagin from $53.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Monday, May 11th. Finally, Wall Street Zen raised shares of eMagin from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 18th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, eMagin has an average rating of “Hold” and an average price target of $56.33.

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.