EMCORE Co. (NASDAQ:EMKR) Director Stephen L. Domenik bought 10,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of $3.36 per share, with a total value of $33,600.00.
EMKR traded down $0.07 during trading on Friday, hitting $3.36. The stock had a trading volume of 96,400 shares, compared to its average volume of 89,826. The company has a 50 day moving average price of $3.31 and a 200-day moving average price of $3.07. The firm has a market cap of $99.74 million, a price-to-earnings ratio of -3.00 and a beta of 0.29. EMCORE Co. has a one year low of $2.65 and a one year high of $4.31.
EMCORE (NASDAQ:EMKR) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.13. The firm had revenue of $25.48 million for the quarter, compared to analysts’ expectations of $26.00 million. EMCORE had a negative return on equity of 21.72% and a negative net margin of 35.81%. As a group, sell-side analysts expect that EMCORE Co. will post -0.61 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Cannell Capital LLC grew its stake in shares of EMCORE by 31.8% in the fourth quarter. Cannell Capital LLC now owns 2,097,879 shares of the semiconductor company’s stock valued at $6,378,000 after acquiring an additional 505,949 shares in the last quarter. Renaissance Technologies LLC increased its position in EMCORE by 2.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,224,574 shares of the semiconductor company’s stock worth $3,723,000 after acquiring an additional 32,371 shares during the period. Spark Investment Management LLC bought a new position in EMCORE during the fourth quarter worth about $32,000. Group One Trading L.P. acquired a new stake in EMCORE in the 4th quarter worth about $142,000. Finally, Royce & Associates LP raised its stake in EMCORE by 13.4% in the 4th quarter. Royce & Associates LP now owns 609,624 shares of the semiconductor company’s stock worth $1,853,000 after purchasing an additional 72,200 shares in the last quarter. 52.54% of the stock is owned by institutional investors.
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.
Read More: Different Types of Derivatives
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.