Css LLC Il Acquires New Position in EMCORE Co. (NASDAQ:EMKR)

Css LLC Il bought a new position in shares of EMCORE Co. (NASDAQ:EMKR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 54,699 shares of the semiconductor company’s stock, valued at approximately $164,000. Css LLC Il owned about 0.60% of EMCORE as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of EMKR. Renaissance Technologies LLC grew its position in shares of EMCORE by 6.4% in the fourth quarter. Renaissance Technologies LLC now owns 158,658 shares of the semiconductor company’s stock valued at $476,000 after purchasing an additional 9,500 shares during the period. Geode Capital Management LLC grew its holdings in EMCORE by 18.3% in the 4th quarter. Geode Capital Management LLC now owns 77,410 shares of the semiconductor company’s stock valued at $232,000 after buying an additional 11,985 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in shares of EMCORE during the 4th quarter valued at about $39,000. Virtu Financial LLC purchased a new position in shares of EMCORE during the 4th quarter worth about $88,000. Finally, Gabelli Funds LLC purchased a new position in shares of EMCORE during the 4th quarter worth about $225,000. 65.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen assumed coverage on shares of EMCORE in a research report on Wednesday. They set a “hold” rating for the company.

EMCORE Stock Up 1.0%

EMKR stock opened at $3.10 on Friday. The company has a market cap of $28.15 million, a price-to-earnings ratio of -1.06 and a beta of 1.70. The business has a fifty day simple moving average of $3.10 and a 200-day simple moving average of $3.03. EMCORE Co. has a 52 week low of $0.78 and a 52 week high of $3.17.

EMCORE Company Profile

EMCORE Corporation, together with its subsidiaries, designs and manufactures fiber optic gyro, ring laser gyro, and micro electromechanical system-based inertial sensors and systems in the United States and internationally. It offers navigation system and inertial sensing products, such as gyroscopes and multi-axis sensors, inertial measurement units, fiber optic gyroscopes, quartz micro electromechanical systems, inertial navigation systems, tactical navigation, and naval and amphibious navigation, as well as radar positioning and pointing systems, and battlefield/artillery survey systems.