LG Display Co. (LPL) Sets New 1-Year High at $12.61
Shares of LG Display Co. (NYSE:LPL) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $12.61 and last traded at $12.61, with a volume of 389,780 shares. The stock had previously closed at $11.93.
Several brokerages have recently issued reports on LPL. Zacks Investment Research cut LG Display from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 29th. Nomura Holdings Inc. cut LG Display from a “neutral” rating to a “reduce” rating in a report on Friday, April 15th. Drexel Hamilton reaffirmed a “hold” rating and set a $9.00 price objective on shares of LG Display in a report on Thursday, March 17th. TheStreet cut LG Display from a “buy” rating to a “hold” rating in a report on Tuesday, May 24th. Finally, Nomura raised LG Display from a “reduce” rating to a “neutral” rating in a report on Tuesday, June 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $11.78.
The company’s 50-day moving average is $10.86 and its 200 day moving average is $10.33. The firm has a market cap of $9.05 billion and a P/E ratio of 20.54.
A number of hedge funds have modified their holdings of the stock. Oxford Asset Management acquired a new stake in shares of LG Display during the fourth quarter valued at approximately $3,053,000. Profund Advisors LLC raised its stake in shares of LG Display by 3.6% in the fourth quarter. Profund Advisors LLC now owns 110,764 shares of the company’s stock valued at $1,156,000 after buying an additional 3,814 shares during the last quarter. Edgemoor Investment Advisors Inc. raised its stake in shares of LG Display by 46.9% in the fourth quarter. Edgemoor Investment Advisors Inc. now owns 164,660 shares of the company’s stock valued at $1,719,000 after buying an additional 52,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of LG Display by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,457,899 shares of the company’s stock valued at $88,312,000 after buying an additional 44,830 shares during the last quarter.
LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display (TFT-LCD), organic light emitting diode (OLED) and other display panel technologies. It 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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