Stephen L. Domenik Purchases 10,000 Shares of EMCORE Co. (NASDAQ:EMKR) Stock

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.

A number of brokerages recently commented on EMKR. Northland Securities reiterated a “buy” rating and issued a $4.50 price target on shares of EMCORE in a research note on Thursday, December 5th. B. Riley initiated coverage on shares of EMCORE in a research report on Tuesday, February 4th. They set a “buy” rating and a $4.70 price objective for the company. Finally, Zacks Investment Research upgraded shares of EMCORE from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a research report on Thursday. Five analysts have rated the stock with a buy rating, EMCORE currently has a consensus rating of “Buy” and a consensus target price of $4.55.

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.

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