LG Display (NYSE:LPL) Hits New 12-Month Low - Here's What Happened

Key Points

• LG Display shares hit a new 52-week low, falling to $2.73 and last trading at $2.7650, below the prior close of $2.89.
• The company reported a quarterly loss of $0.27 per share, missing analyst expectations by $0.14, despite revenue of $3.74 billion exceeding estimates. Analysts expect a full-year loss of $0.34 per share.
• Analyst sentiment remains cautious, with a consensus rating of “Reduce”; LG Display has negative profitability metrics, including a 5.26% net margin and a 19.82% return on equity.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report)'s share price reached a new 52-week low on Monday. The stock traded as low as $2.73 and last traded at $2.7650, with a volume of 302,782 shares changing hands. The stock had previously closed at $2.89.

Analysts Set New Price Targets

LPL has been the topic of a number of research reports. Zacks Research upgraded LG Display from a "strong sell" rating to a "hold" rating in a research note on Monday, September 21st. Weiss Ratings raised LG Display from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, LG Display currently has a consensus rating of "Reduce".

LG Display Price Performance

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 company has a market capitalization of $2.77 billion, a PE ratio of -3.04 and a beta of 1.73. The company's 50-day simple moving average is $3.19 and its 200-day simple moving average is $3.88.

LG Display (NYSE:LPL - Get Free Report) last announced its earnings results on Friday, August 14th. The electronics maker reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.14). LG Display had a negative net margin of 5.26% and a negative return on equity of 19.82%. The business had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.56 billion. As a group, sell-side analysts anticipate that LG Display Co., Ltd. will post -0.34 earnings per share for the current year.

Hedge Funds Weigh In On LG Display

Institutional investors have recently added to or reduced their stakes in the stock. Plan A Wealth LLC raised its stake in shares of LG Display by 40.2% during the third quarter. Plan A Wealth LLC now owns 22,908 shares of the electronics maker's stock worth $68,000 after purchasing an additional 6,571 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of LG Display by 112.6% during the second 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. WINTON GROUP Ltd purchased a new position in LG Display in the 2nd quarter valued at $104,000. Allworth Financial LP grew its position in LG Display by 94.0% in the 2nd quarter. Allworth Financial LP now owns 22,724 shares of the electronics maker's stock valued at $88,000 after buying an additional 11,010 shares during the last quarter. Finally, West Family Investments Inc. grew its position in LG Display by 198.8% in the 2nd quarter. West Family Investments Inc. now owns 127,339 shares of the electronics maker's stock valued at $495,000 after buying an additional 84,729 shares during the last quarter.

About LG Display

LG Display Co, Ltd. is a South Korean display technology company that develops and manufactures flat-panel display products for consumer electronics, information technology, mobile devices and automotive applications. The company supplies display solutions to global brands and serves customers across major international markets.

Its product portfolio includes OLED and LCD panels used in televisions, monitors, notebook computers, tablets, smartphones, vehicles and other devices. LG Display also develops advanced display technologies such as flexible and transparent OLED panels, as well as automotive displays designed for instrument clusters, infotainment systems and other in-vehicle applications.

The company traces its origins to 1985 and began developing thin-film transistor liquid-crystal display technology in the late 1980s.

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