Shares of EMCORE Co. (NASDAQ:EMKR) have been given an average rating of “Hold” by the six ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $9.13.

Several equities research analysts recently issued reports on EMKR shares. Northland Securities reissued a “buy” rating and set a $13.00 price target on shares of EMCORE in a research report on Tuesday, September 12th. Lake Street Capital reaffirmed a “buy” rating and issued a $10.00 target price on shares of EMCORE in a research report on Wednesday, December 6th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $8.75 target price (down from $10.50) on shares of EMCORE in a research report on Friday, December 1st.

EMCORE (NASDAQ:EMKR) remained flat at $$7.05 during mid-day trading on Wednesday. 185,856 shares of the company traded hands, compared to its average volume of 405,325. The firm has a market capitalization of $189.50, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 1.60 and a beta of 0.44. EMCORE has a 1 year low of $5.80 and a 1 year high of $12.20.

EMCORE (NASDAQ:EMKR) last posted its quarterly earnings results on Tuesday, December 5th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). The firm had revenue of $29.20 million for the quarter, compared to analyst estimates of $30.29 million. EMCORE had a net margin of 6.70% and a return on equity of 9.30%. The business’s revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. equities research analysts expect that EMCORE will post 0.37 earnings per share for the current year.

In other news, CEO Jeffrey Rittichier sold 9,189 shares of the firm’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $8.45, for a total transaction of $77,647.05. Following the transaction, the chief executive officer now directly owns 288,505 shares of the company’s stock, valued at $2,437,867.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.77% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Paradigm Capital Management Inc. NY increased its holdings in shares of EMCORE by 13.5% during the third quarter. Paradigm Capital Management Inc. NY now owns 2,312,800 shares of the semiconductor company’s stock valued at $18,965,000 after purchasing an additional 274,700 shares during the period. Vanguard Group Inc. increased its holdings in shares of EMCORE by 5.3% during the second quarter. Vanguard Group Inc. now owns 1,165,933 shares of the semiconductor company’s stock valued at $12,417,000 after purchasing an additional 58,486 shares during the period. RK Capital Management LLC increased its holdings in shares of EMCORE by 7.5% during the third quarter. RK Capital Management LLC now owns 1,115,679 shares of the semiconductor company’s stock valued at $9,149,000 after purchasing an additional 77,741 shares during the period. Northpointe Capital LLC increased its holdings in shares of EMCORE by 72.3% during the third quarter. Northpointe Capital LLC now owns 518,004 shares of the semiconductor company’s stock valued at $4,248,000 after purchasing an additional 217,358 shares during the period. Finally, Argent Capital Management LLC increased its holdings in shares of EMCORE by 25.7% during the second quarter. Argent Capital Management LLC now owns 454,750 shares of the semiconductor company’s stock valued at $4,843,000 after purchasing an additional 93,100 shares during the period. 77.55% of the stock is currently owned by institutional investors.

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EMCORE Company Profile

EMCORE Corporation is engaged in designing and manufacturing indium phosphide (InP) optical chips, components, subsystems and systems for the broadband and specialty fiber optics market. The Company focuses on linear fiber optic transmission technology. The Company operates through Fiber Optics segment.

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