LG Display (NYSE:LPL) Releases Quarterly Earnings Results

LG Display (NYSE:LPL) released its quarterly earnings results on Friday. The electronics maker reported $0.55 EPS for the quarter, FiscalAI reports. LG Display had a negative net margin of 5.26% and a negative return on equity of 19.82%. The company had revenue of $4.62 billion for the quarter.

LG Display Price Performance

Shares of LG Display stock traded down $0.14 during trading on Friday, reaching $2.58. 791,419 shares of the company’s stock were exchanged, compared to its average volume of 2,116,568. The company has a market cap of $2.58 billion, a P/E ratio of -2.82 and a beta of 1.73. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.37 and a current ratio of 0.63. The firm’s 50-day moving average price is $3.00 and its 200 day moving average price is $3.88. LG Display has a 1-year low of $2.56 and a 1-year high of $5.83.

Hedge Funds Weigh In On LG Display

A number of hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LP increased its stake in LG Display by 23.9% in the second quarter. Corient Private Wealth LP now owns 592,123 shares of the electronics maker’s stock valued at $2,303,000 after purchasing an additional 114,381 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of LG Display by 112.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 504,582 shares of the electronics maker’s stock worth $1,963,000 after purchasing an additional 267,189 shares during the period. Corient Private Wealth LLC increased its stake in shares of LG Display by 26.8% during the 4th quarter. Corient Private Wealth LLC now owns 357,160 shares of the electronics maker’s stock worth $1,504,000 after purchasing an additional 75,438 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in LG Display by 37.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 320,244 shares of the electronics maker’s stock valued at $1,243,000 after acquiring an additional 87,055 shares during the period. Finally, First Trust Advisors LP boosted its position in LG Display by 135.3% during the first quarter. First Trust Advisors LP now owns 229,715 shares of the electronics maker’s stock worth $891,000 after purchasing an additional 132,096 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on LPL shares. Weiss Ratings upgraded LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 14th. Zacks Research upgraded LG Display from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

About LG Display

LG Display Co, Ltd. is a South Korean manufacturer of display panels and related display technologies. The company develops and produces OLED and LCD panels used in televisions, monitors, notebook computers, tablets, smartphones, automotive displays and other smart devices.

Its product portfolio includes large OLED panels for premium televisions, OLED and LCD panels for information technology products, automotive display solutions and specialized displays for commercial and industrial applications.