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

Investment analysts at StockNews.com initiated coverage on shares of EMCORE (NASDAQ:EMKR) in a report issued on Wednesday. The firm set a “hold” rating on the semiconductor company’s stock.

EMCORE Stock Up 1.0 %

Shares of EMKR opened at $3.10 on Wednesday. The firm’s fifty day moving average is $3.07 and its two-hundred day moving average is $2.67. The stock has a market cap of $28.15 million, a PE ratio of -1.06 and a beta of 1.70. EMCORE has a 52-week low of $0.78 and a 52-week high of $3.88.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. CSS LLC IL acquired a new stake in shares of EMCORE in the fourth quarter valued at approximately $164,000. Beryl Capital Management LLC acquired a new stake in shares of EMCORE in the 4th quarter worth $2,625,000. Gabelli Funds LLC purchased a new position in shares of EMCORE during the 4th quarter worth $225,000. Renaissance Technologies LLC raised its holdings in shares of EMCORE by 6.4% during the 4th 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 during the period. Finally, Geode Capital Management LLC boosted its position in shares of EMCORE by 18.3% during the 4th quarter. Geode Capital Management LLC now owns 77,410 shares of the semiconductor company’s stock valued at $232,000 after acquiring an additional 11,985 shares during the last quarter. 65.66% of the stock is owned by hedge funds and other institutional investors.

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.