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

Kovack Advisors Inc. increased its stake in EMCORE Co. (NASDAQ:EMKR) by 10.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 887,400 shares of the semiconductor company’s stock after purchasing an additional 83,100 shares during the period. Kovack Advisors Inc. owned 11.48% of EMCORE worth $306,000 at the end of the most recent reporting period.

Separately, Penn Capital Management Company LLC raised its stake in EMCORE by 57.0% during the 4th quarter. Penn Capital Management Company LLC now owns 3,540,170 shares of the semiconductor company’s stock valued at $1,731,000 after acquiring an additional 1,284,624 shares in the last quarter. Institutional investors and hedge funds own 65.66% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EMKR. Alliance Global Partners restated a “neutral” rating on shares of EMCORE in a report on Thursday, May 9th. Northland Capmk cut EMCORE from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 9th. Finally, StockNews.com raised EMCORE from a “sell” rating to a “hold” rating in a research report on Wednesday, June 12th.

EMCORE Trading Up 1.8 %

EMKR stock opened at $1.16 on Friday. EMCORE Co. has a 1-year low of $0.78 and a 1-year high of $9.50. The firm has a market cap of $9.59 million, a P/E ratio of -0.13 and a beta of 1.51. The business’s 50 day moving average is $1.31 and its 200-day moving average is $25.32. The company has a current ratio of 3.27, a quick ratio of 1.85 and a debt-to-equity ratio of 0.11.

EMCORE (NASDAQ:EMKR) last posted its quarterly earnings data on Wednesday, May 8th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.60) by $0.51. The firm had revenue of $19.63 million for the quarter, compared to the consensus estimate of $24.00 million. EMCORE had a negative return on equity of 27.56% and a negative net margin of 68.57%. Equities analysts anticipate that EMCORE Co. will post -0.25 earnings per share for the current fiscal year.

Insider Activity at EMCORE

In related news, major shareholder Archon Capital Management Llc sold 1,255,258 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $1.12, for a total value of $1,405,888.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.94% of the stock is owned by corporate insiders.

About EMCORE

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.