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

Investment analysts at StockNews.com assumed coverage on shares of EMCORE (NASDAQ:EMKR) in a research report issued on Tuesday. The brokerage set a “hold” rating on the semiconductor company’s stock.

EMCORE Stock Up 1.0 %

EMKR opened at $3.10 on Tuesday. The firm has a market capitalization of $28.15 million, a P/E ratio of -1.06 and a beta of 1.70. The stock’s 50 day moving average price is $3.06 and its two-hundred day moving average price is $2.59. EMCORE has a 12-month low of $0.78 and a 12-month high of $4.00.

Institutional Trading of EMCORE

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. acquired 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 4th quarter worth approximately $88,000. CSS LLC IL acquired a new stake in shares of EMCORE during the 4th quarter worth approximately $164,000. Gabelli Funds LLC acquired a new stake in shares of EMCORE during the 4th quarter worth approximately $225,000. Finally, Geode Capital Management LLC grew its holdings in shares of EMCORE by 18.3% during the 4th quarter. Geode Capital Management LLC now owns 77,410 shares of the semiconductor company’s stock worth $232,000 after purchasing an additional 11,985 shares in the last quarter. Institutional investors and hedge funds 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.