5 Cheap Semiconductor Stocks to Invest In Today

2. eMagin Corporation (NYSE:EMAN)

Number of Hedge Fund Holders: 4   

Share Price as of December 15: $1.23     

eMagin Corporation (NYSE:EMAN) markets virtual imaging products. The rise in demand for micro-displays, one of the premier products of the firm, has helped the stock register multiple highs this year. Redditor interest in the stock has also soared on the back of mentions of the firm on the WallStreetBets forum. 

In September, eMagin Corporation (NYSE:EMAN) announced that it had finalized the details of a $33 million contract with the US Department of Defense for high-end micro displays that use the direct patterning technology of the company. 

At the end of the third quarter of 2021, 4 hedge funds in the database of Insider Monkey held stakes worth $1.8 million in eMagin Corporation (NYSE:EMAN), compared to 6 in the preceding quarter worth $4 million.