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

Research analysts at StockNews.com started coverage on shares of EMCORE (NASDAQ:EMKR) in a research note issued on Monday. The brokerage set a “hold” rating on the semiconductor company’s stock.

EMCORE Trading Up 1.0 %

Shares of NASDAQ:EMKR opened at $3.10 on Monday. EMCORE has a 12-month low of $0.78 and a 12-month high of $4.60. The company has a fifty day simple moving average of $3.05 and a 200 day simple moving average of $2.49. The firm has a market cap of $28.15 million, a PE ratio of -1.06 and a beta of 1.70.

Institutional Trading of EMCORE

Several institutional investors have recently added to or reduced their stakes in EMKR. Beryl Capital Management LLC acquired a new position in shares of EMCORE during the fourth quarter valued at $2,625,000. Gardner Lewis Asset Management L P bought a new stake in EMCORE in the fourth quarter worth about $1,758,000. Renaissance Technologies LLC raised its position in EMCORE by 6.4% in the fourth quarter. Renaissance Technologies LLC now owns 158,658 shares of the semiconductor company’s stock worth $476,000 after acquiring an additional 9,500 shares in the last quarter. Kovack Advisors Inc. raised its position in EMCORE by 29.7% in the third quarter. Kovack Advisors Inc. now owns 79,720 shares of the semiconductor company’s stock worth $176,000 after acquiring an additional 18,250 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in EMCORE by 18.3% in the fourth quarter. Geode Capital Management LLC now owns 77,410 shares of the semiconductor company’s stock worth $232,000 after acquiring an additional 11,985 shares in the last quarter. Institutional investors own 65.66% of the company’s stock.

EMCORE Company 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.