EMCORE (NASDAQ:EMKR) PT Set at $5.00 by Northland Securities

Share on StockTwits

Northland Securities set a $5.00 price target on EMCORE (NASDAQ:EMKR) in a research report report published on Friday, TipRanks reports. The firm currently has a buy rating on the semiconductor company’s stock.

A number of other equities analysts have also recently commented on the company. Lake Street Capital set a $5.00 price target on EMCORE and gave the stock a buy rating in a research note on Friday. Zacks Investment Research cut ExlService from a hold rating to a sell rating in a research note on Wednesday, July 10th. ValuEngine raised Valmont Industries from a sell rating to a hold rating in a research note on Friday. Finally, B. Riley raised EMCORE from a neutral rating to a buy rating in a research note on Thursday, May 2nd. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $5.05.

NASDAQ:EMKR opened at $2.99 on Friday. The stock has a 50 day moving average price of $3.40. The company has a market cap of $82.19 million, a P/E ratio of -5.64 and a beta of 0.21. EMCORE has a 1-year low of $2.68 and a 1-year high of $5.54.

EMCORE (NASDAQ:EMKR) last released its earnings results on Wednesday, May 8th. The semiconductor company reported ($0.10) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.02. The company had revenue of $21.75 million during the quarter, compared to the consensus estimate of $22.56 million. EMCORE had a negative return on equity of 16.56% and a negative net margin of 27.99%. As a group, sell-side analysts forecast that EMCORE will post -0.34 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in EMKR. Virtu Financial LLC increased its stake in EMCORE by 40.5% in the 1st quarter. Virtu Financial LLC now owns 15,380 shares of the semiconductor company’s stock worth $56,000 after purchasing an additional 4,436 shares during the period. Brandywine Global Investment Management LLC purchased a new position in shares of EMCORE during the fourth quarter valued at approximately $63,000. GMT Capital Corp purchased a new position in shares of EMCORE during the first quarter valued at approximately $100,000. Alambic Investment Management L.P. purchased a new position in shares of EMCORE during the first quarter valued at approximately $104,000. Finally, California Public Employees Retirement System increased its stake in shares of EMCORE by 7.5% during the fourth quarter. California Public Employees Retirement System now owns 153,472 shares of the semiconductor company’s stock valued at $645,000 after buying an additional 10,691 shares during the period. 60.34% of the stock is currently owned by institutional investors and hedge funds.

About EMCORE

EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in California. It offers broadband products comprising cable television; laser, receiver, and photodetector component products; radio frequency over glass FTTP products; satellite/microwave communications products; and wireless communications products.

Further Reading: What is the Current Ratio?

Receive News & Ratings for EMCORE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMCORE and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Air Lease Corp  EVP Marc H. Baer Sells 10,000 Shares of Stock
Air Lease Corp EVP Marc H. Baer Sells 10,000 Shares of Stock
Tai Keung Chung Sells 29,839 Shares of TTM Technologies, Inc.  Stock
Tai Keung Chung Sells 29,839 Shares of TTM Technologies, Inc. Stock
Seagate Technology PLC  Director Stephen J. Luczo Sells 5,000 Shares of Stock
Seagate Technology PLC Director Stephen J. Luczo Sells 5,000 Shares of Stock
Biohaven Pharmaceutical Holding Co Ltd  Director Gregory Bailey Acquires 5,000 Shares
Biohaven Pharmaceutical Holding Co Ltd Director Gregory Bailey Acquires 5,000 Shares
Bottos  Tops 24 Hour Volume of $448,659.00
Bottos Tops 24 Hour Volume of $448,659.00
Iconic  Hits Market Cap of $7,684.00
Iconic Hits Market Cap of $7,684.00


 
© 2006-2019 Zolmax.