Posted by admin on Jun 15th, 2022
LG Display Co., Ltd. (NYSE:LPL – Get Rating) shares saw an uptick in trading volume on Wednesday . 102,558 shares changed hands during mid-day trading, a decline of 82% from the previous session’s volume of 554,557 shares.The stock last traded at $6.46 and had previously closed at $6.30.
A number of research firms recently commented on LPL. Bank of America downgraded LG Display from a “buy” rating to an “underperform” rating in a research note on Monday, April 4th. JPMorgan Chase & Co. downgraded LG Display from a “neutral” rating to an “underweight” rating in a research note on Thursday, April 28th. Morgan Stanley downgraded LG Display from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, April 27th. Finally, StockNews.com downgraded LG Display from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. Five investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.
The company has a quick ratio of 0.61, a current ratio of 0.90 and a debt-to-equity ratio of 0.56. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 4.70, a P/E/G ratio of 0.27 and a beta of 1.26. The company has a 50 day simple moving average of $6.91 and a 200 day simple moving average of $8.08.
LG Display (NYSE:LPL – Get Rating) last released its quarterly earnings data on Monday, May 16th. The electronics maker reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.10). LG Display had a net margin of 3.58% and a return on equity of 7.37%. The firm had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.08 billion. As a group, analysts predict that LG Display Co., Ltd. will post 0.74 earnings per share for the current fiscal year.
The company also recently disclosed an annual dividend, which was paid on Tuesday, April 26th. Stockholders of record on Friday, December 31st were paid a $0.185 dividend. This represents a dividend yield of 2.55%. The ex-dividend date of this dividend was Thursday, December 30th. LG Display’s dividend payout ratio is currently 14.18%.
Several institutional investors have recently added to or reduced their stakes in LPL. Glassman Wealth Services increased its stake in shares of LG Display by 111.1% in the fourth quarter. Glassman Wealth Services now owns 3,291 shares of the electronics maker’s stock valued at $33,000 after buying an additional 1,732 shares during the period. AXA S.A. bought a new stake in LG Display in the third quarter valued at approximately $80,000. Alera Investment Advisors LLC bought a new stake in LG Display in the first quarter valued at approximately $85,000. Two Sigma Investments LP bought a new stake in LG Display in the third quarter valued at approximately $101,000. Finally, Squarepoint Ops LLC bought a new stake in LG Display in the fourth quarter valued at approximately $108,000. 2.46% of the stock is owned by institutional investors.
LG Display Company Profile (NYSE:LPL)
LG Display Co, Ltd. engages in the design, 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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