StockNews.com began coverage on shares of EMCORE (NASDAQ:EMKR – Free Report) in a research report released on Monday. The brokerage issued a hold rating on the semiconductor company’s stock.
EMCORE Stock Up 1.0 %
Shares of EMKR stock opened at $3.10 on Monday. The stock has a market cap of $28.15 million, a P/E ratio of -1.06 and a beta of 1.70. EMCORE has a fifty-two week low of $0.78 and a fifty-two week high of $3.17. The business has a fifty day simple moving average of $3.10 and a 200-day simple moving average of $2.96.
Institutional Trading of EMCORE
Institutional investors and hedge funds have recently modified their holdings of the business. Newbridge Financial Services Group Inc. purchased a new stake in EMCORE in the 4th quarter valued at approximately $39,000. Virtu Financial LLC acquired a new stake in shares of EMCORE during the fourth quarter valued at $88,000. Gardner Lewis Asset Management L P purchased a new stake in EMCORE during the 4th quarter worth about $1,758,000. Geode Capital Management LLC raised its stake 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 purchasing an additional 11,985 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in EMCORE by 6.4% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 65.66% of the company’s stock.
About EMCORE
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.
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