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LPL $3.96

LPL target price
3.96
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LG Display
LG디스플레이
Type
Public
Traded as
  • KRX: 034220
  • NYSE: LPL
Industry Electronics
Founded 1995
Headquarters Seoul, South Korea
Key people
Sang-beom Han (Chief Executive Officer)
Products TFT-LCD panels, OLEDs, Flexible displays
Revenue Decrease US$25.55 billion (2015)
Operating income
Increase US$1.29 billion (2015)
Net income
Increase US$921.11 million (2015)
Number of employees
49,000 (2015)
Parent LG Corporation
Website http://www.lgdisplay.com/

LG Display (Korean: LG 디스플레이) is the world's largest LCD panel maker. LG Display is one of the world's largest manufacturer and supplier of thin-film transistor liquid crystal display (TFT-LCD) panels, OLEDs and flexible displays. LG Display is headquartered in Seoul, South Korea and currently operates nine fabrication facilities and seven back-end assembly facilities in Korea, China, Poland and Mexico.

LG Display was originally formed as a joint venture by the Korean electronics company LG Electronics and the Dutch company Koninklijke Philips Electronics in 1999 to manufacture active matrix liquid crystal displays (LCDs) and was formerly known as LG.Philips LCD, but Philips sold off all its shares in late 2008.

On 12 December 2008, LG.Philips LCD announced its plan to change its corporate name to LG Display upon receiving approval at the company's annual general meeting of shareholders on 29 February. The company claimed the name change reflects the company's business scope expansion and business model diversification, the change in corporate governance following the reduction of Philips' equity stake, and LG's commitment to enhanced responsible management.

The company has eight manufacturing plants in Gumi and Paju, South Korea. It also has a module assembly plant in Nanjing and Guangzhou in China and Wroclaw in Poland.

LG Display became an independent company in July 2004 when it was concurrently listed on the New York Stock Exchange (NYSE: LPL) and the South Korean Stock Exchange (KRX: 034220).

They are one of the main licensed manufacturers of the more color-accurate IPS panels used by Dell, NEC, ASUS, Apple (including iMacs, iPads, iPhones, iPod touches) and others, which were developed by Hitachi.

In December 2010, the EU fined LG Display €215 million for its part in an LCD price fixing scheme. Other companies were fined for a combined total of €648.9 million, including Chimei Innolux, AU Optronics, Chunghwa Picture Tubes Ltd., and HannStar Display Corp.. LG Display has said it is considering appealing the fine.

This followed the 2008 case in the US, when LG Display Co., Chunghwa Picture Tubes and Sharp Corp., agreed to plead guilty and pay $585 million in criminal fines for conspiring to fix prices of liquid crystal display panels.

LG Display would pay $400 million, the second-highest criminal fine that the US Justice Department antitrust division had ever imposed. Chunghwa would pay $65 million for conspiring with LG Display and other unnamed companies and Sharp would pay $120 million, according to the department.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-25 Future report Set alerts
Q2 2022 2022-07-27 0.00 0.00
Q1 2022 2022-04-27 0.00 0.00
Q4 2021 2022-01-26 0.00 0.00
Q3 2021 2021-10-27 0.00 0.00
Q2 2021 2021-07-27 0.00 0.00
Q1 2021 2021-04-28 0.00 0.00
Q4 2020 2021-01-27 0.00 0.00
Q3 2020 2020-10-22 0.00 0.00
Q2 2020 2020-07-23 -0.56 -0.57

Ratings

2016-07-06 Upgrade Credit Agricole SA Sell to Outperform
2016-06-28 Upgrade Nomura Reduce to Neutral
2016-06-28 Upgrade Nomura Holdings Inc. Reduce to Neutral
2016-06-21 Initiated Coverage Barclays Overweight $14.00
2016-06-21 Initiated Coverage Barclays PLC Overweight $14.00
2016-05-20 Upgrade Deutsche Bank Hold to Buy
2016-05-20 Upgrade Deutsche Bank AG Hold to Buy
2016-04-15 Downgrade Nomura Neutral to Reduce
2016-04-15 Downgrade Macquarie Neutral to Underperform
2016-03-21 Boost Price Target Cowen and Company $11.20 to $12.90
2016-03-17 Reiterated Rating Drexel Hamilton Hold $9.00
2015-10-28 Lower Price Target Cowen and Company $12.33
2015-10-22 Downgrade Macquarie Outperform to Neutral
2015-10-15 Initiated Coverage Cowen and Company Outperform $13.50
2015-10-09 Initiated Coverage Drexel Hamilton Hold $10.50
2015-09-23 Downgrade Bank of America Neutral to Underperform
2015-09-23 Downgrade Bank of America Corp. Neutral to Underperform
2015-08-31 Upgrade Sanford C. Bernstein Market Perform to Outperform
2015-07-24 Reiterated Rating Cantor Fitzgerald Hold $13.00 to $11.00
2015-07-23 Downgrade JPMorgan Chase & Co. Overweight to Neutral
2015-06-24 Upgrade Sanford C. Bernstein Underperform to Market Perform
2015-06-18 Upgrade Credit Suisse Underperform to Neutral
2015-06-18 Upgrade Credit Suisse Group AG Underperform to Neutral
2015-04-26 Reiterated Rating Cantor Fitzgerald Hold $16.00
2015-01-29 Reiterated Rating Cantor Fitzgerald Hold $16.00
2014-10-20 Upgrade Credit Agricole Sell to Outperform
2014-10-20 Upgrade Credit Agricole SA Sell to Outperform
2014-10-16 Downgrade Credit Suisse Neutral to Underperform
2014-09-30 Downgrade Credit Agricole Outperform to Sell
2014-07-18 Downgrade Sanford C. Bernstein Market Perform to Underperform
2014-06-09 Upgrade Macquarie Neutral to Outperform
2014-04-24 Downgrade Credit Agricole Buy to Outperform
2014-03-24 Upgrade Nomura Neutral to Buy
2014-01-21 Upgrade Bank of America Neutral to Buy
2013-10-18 Downgrade Credit Suisse Outperform to Neutral
2013-10-11 Upgrade Citigroup Inc. Neutral to Buy
2013-09-20 Initiated Coverage Cantor Fitzgerald Hold
2012-12-18 Downgrade UBS Buy to Neutral $17.71 to $15.38
2012-11-16 Upgrade HSBC Securities Neutral to Overweight
2012-11-15 Downgrade Avian Positive to Neutral $15 to $15
2011-06-20 Upgrade Ticonderoga Sell to Neutral
2009-08-21 Downgrade Standpoint Research Buy to Hold
2009-04-06 Reiterated Collins Stewart Buy $16 to $20
2008-06-19 Downgrade Deutsche Securities Buy to Hold
2008-05-16 Downgrade Credit Suisse Outperform to Neutral
2007-08-15 Downgrade Bear Stearns Outperform to Peer Perform
2007-06-15 Upgrade Citigroup Hold to Buy
2007-03-30 Upgrade Lehman Brothers Underweight to Equal-weight
2016-07-06 Upgrade Credit Agricole SA Sell to Outperform
2016-06-28 Upgrade Nomura Reduce to Neutral
2016-06-28 Upgrade Nomura Holdings Inc. Reduce to Neutral
2016-06-21 Initiated Coverage Barclays Overweight $14.00
2016-06-21 Initiated Coverage Barclays PLC Overweight $14.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks