LG Display (NYSE:LPL – Get Free Report) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.
LPL has been the subject of several other research reports. Morgan Stanley raised LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. upgraded LG Display from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 10th.
Check Out Our Latest Report on LPL
LG Display Price Performance
LG Display (NYSE:LPL – Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The electronics maker reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.37). LG Display had a negative return on equity of 21.29% and a negative net margin of 8.18%. The company had revenue of $4.89 billion during the quarter. Sell-side analysts predict that LG Display will post -0.5 EPS for the current fiscal year.
Hedge Funds Weigh In On LG Display
A number of large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its stake in shares of LG Display by 546.6% during the third quarter. Blue Trust Inc. now owns 183,391 shares of the electronics maker’s stock valued at $756,000 after buying an additional 155,030 shares during the last quarter. Renaissance Technologies LLC bought a new stake in LG Display in the second quarter valued at approximately $468,000. American Century Companies Inc. boosted its stake in shares of LG Display by 5.7% during the second quarter. American Century Companies Inc. now owns 1,170,801 shares of the electronics maker’s stock valued at $4,824,000 after purchasing an additional 63,080 shares during the period. Natixis Advisors LLC bought a new position in shares of LG Display in the second quarter worth approximately $224,000. Finally, BNP Paribas Financial Markets increased its stake in shares of LG Display by 101.2% in the first quarter. BNP Paribas Financial Markets now owns 79,582 shares of the electronics maker’s stock worth $326,000 after buying an additional 40,035 shares during the period.
LG Display Company Profile
LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.
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