EMCORE (NASDAQ:EMKR) Coverage Initiated by Analysts at StockNews.com

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

Separately, Craig Hallum decreased their target price on shares of EMCORE from $3.00 to $1.50 and set a buy rating for the company in a research note on Monday, August 21st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $2.25.

EMCORE Price Performance

EMKR stock opened at $0.40 on Monday. EMCORE has a 1 year low of $0.38 and a 1 year high of $1.55. The company has a market cap of $21.93 million, a P/E ratio of -0.33 and a beta of 1.48. The firm has a 50-day moving average of $0.47 and a 200 day moving average of $0.64. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.14 and a quick ratio of 1.81.

Institutional Investors Weigh In On EMCORE

A number of institutional investors have recently made changes to their positions in the company. Walleye Trading LLC purchased a new stake in EMCORE in the first quarter worth approximately $43,000. Sei Investments Co. boosted its stake in shares of EMCORE by 36.1% during the 1st quarter. Sei Investments Co. now owns 13,657 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 3,623 shares during the last quarter. XTX Topco Ltd boosted its stake in shares of EMCORE by 34.9% during the 1st quarter. XTX Topco Ltd now owns 13,853 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 3,583 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new position in shares of EMCORE during the 1st quarter worth $53,000. Finally, Mirabella Financial Services LLP purchased a new position in shares of EMCORE during the 1st quarter worth $64,000. Hedge funds and other institutional investors own 43.67% of the company’s stock.

EMCORE Company Profile

EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal products in the United States and internationally. It operates in two segments, Aerospace and Defense, and Broadband. The company offers navigation system and inertial sensing products, such as gyroscopes and multi-axis sensors, inertial measurement units, fiber optic gyroscopes, inertial navigation systems, tactical navigation, and naval and amphibious navigation, as well as radar positioning and pointing systems, and artillery survey systems.