EMCORE Co. (NASDAQ:EMKR) Shares Purchased by Kovack Advisors Inc.

Kovack Advisors Inc. boosted its stake in shares of EMCORE Co. (NASDAQ:EMKR) by 29.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 79,720 shares of the semiconductor company’s stock after purchasing an additional 18,250 shares during the quarter. Kovack Advisors Inc.’s holdings in EMCORE were worth $176,000 at the end of the most recent quarter.

Separately, Archon Capital Management LLC boosted its position in shares of EMCORE by 65.1% during the 1st quarter. Archon Capital Management LLC now owns 12,552,577 shares of the semiconductor company’s stock valued at $4,331,000 after acquiring an additional 4,951,568 shares during the last quarter. Institutional investors and hedge funds own 65.66% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on EMKR. Craig Hallum cut shares of EMCORE from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. StockNews.com raised shares of EMCORE from a “sell” rating to a “hold” rating in a research report on Monday, September 16th.

EMCORE Stock Performance

NASDAQ EMKR opened at $2.90 on Friday. The stock has a market cap of $26.29 million, a PE ratio of -0.33 and a beta of 1.57. EMCORE Co. has a twelve month low of $0.78 and a twelve month high of $7.20. The stock has a fifty day simple moving average of $1.99 and a 200-day simple moving average of $1.46. The company has a current ratio of 2.88, a quick ratio of 1.64 and a debt-to-equity ratio of 0.14.

EMCORE 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.