LG Display (NYSE:LPL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “LG Display Co., Ltd., formerly known as LG Philips LCD Co., Ltd., primarily manufactures and sells thin film transistor liquid crystal display (TFT-LCD) panels. The Company supplies its products to original equipment manufacturers and multinational corporations. LG Display offers TFT-LCD panels in a range of sizes and specifications primarily for use in televisions, notebook computers, and desktop monitors, as well as for handheld application products, such as mobile phones; and medium and large size panels for industrial and other applications, including entertainment systems, portable navigation devices, e-paper, digital photo displays, and medical diagnostic equipment. LG Display Co., Ltd. is based in Seoul, the Republic of Korea. “
Other analysts have also recently issued research reports about the stock. Cowen restated a “buy” rating and issued a $20.40 price objective on shares of LG Display in a research report on Sunday, September 10th. Nomura restated a “neutral” rating on shares of LG Display in a research report on Thursday, October 19th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $15.50.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aperio Group LLC increased its holdings in LG Display by 20.0% during the 3rd quarter. Aperio Group LLC now owns 887,040 shares of the electronics maker’s stock worth $11,904,000 after purchasing an additional 147,601 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in LG Display by 17.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 736,779 shares of the electronics maker’s stock worth $11,840,000 after purchasing an additional 110,776 shares in the last quarter. Northern Trust Corp increased its holdings in LG Display by 13.1% during the 2nd quarter. Northern Trust Corp now owns 415,899 shares of the electronics maker’s stock worth $6,684,000 after purchasing an additional 48,334 shares in the last quarter. Assetmark Inc. bought a new position in LG Display during the 3rd quarter worth about $4,970,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in LG Display by 10.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 361,200 shares of the electronics maker’s stock worth $4,848,000 after purchasing an additional 33,400 shares in the last quarter. Institutional investors and hedge funds own 4.04% of the company’s stock.
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LG Display Company Profile
LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display, organic light emitting diode and other display panel technologies. The Company manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.
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