EMCORE (NASDAQ:EMKR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of EMCORE (NASDAQ:EMKR) in a research note issued to investors on Wednesday morning. The firm issued a hold rating on the semiconductor company’s stock.

EMCORE Price Performance

Shares of EMCORE stock opened at $3.10 on Wednesday. EMCORE has a 1 year low of $0.78 and a 1 year high of $3.80. The company has a 50-day moving average of $3.08 and a 200 day moving average of $2.69. The firm has a market cap of $28.15 million, a price-to-earnings ratio of -1.06 and a beta of 1.70.

Institutional Trading of EMCORE

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. bought a new stake in EMCORE in the fourth quarter worth $39,000. Virtu Financial LLC purchased a new position in shares of EMCORE in the 4th quarter worth about $88,000. CSS LLC IL bought a new position in EMCORE in the 4th quarter worth about $164,000. Gabelli Funds LLC purchased a new stake in EMCORE during the 4th quarter valued at about $225,000. Finally, Geode Capital Management LLC increased its stake in EMCORE by 18.3% during 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 in the last quarter. Hedge funds and other institutional investors own 65.66% of the company’s stock.

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.