Weekly Investment Analysts’ Ratings Updates for EMCORE (EMKR)

A number of firms have modified their ratings and price targets on shares of EMCORE (NASDAQ: EMKR) recently:

  • 6/17/2019 – EMCORE was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “EMCORE Corporation offers a broad portfolio of compound semiconductor- based products for the broadband, fiber optic, satellite and terrestrial solar power markets. EMCORE’s Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television and fiber-to-the-premises. EMCORE’s Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high efficiency Gallium Arsenide solar cells, Covered Interconnect Cells and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar power concentrator systems. “
  • 6/10/2019 – EMCORE was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “EMCORE Corporation offers a broad portfolio of compound semiconductor- based products for the broadband, fiber optic, satellite and terrestrial solar power markets. EMCORE’s Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television and fiber-to-the-premises. EMCORE’s Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high efficiency Gallium Arsenide solar cells, Covered Interconnect Cells and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar power concentrator systems. “
  • 6/10/2019 – EMCORE was given a new $6.00 price target on by analysts at Lake Street Capital. They now have a “buy” rating on the stock.
  • 6/10/2019 – EMCORE had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $6.00 price target on the stock. They wrote, “We reiterate our OP rating and $6 PT. Key Points EMKR guided the acquisition to be accretive by the end of the corporate average and an end market focus on tactical defense navigation with a similar base of customers (Raytheon, Lockheed) as well as emerging commercial aviation exposure (Boeing 777X). SDI is based in Concord, CA with 140 employees half of whom are engaged in manufacturing in the company’s owned 100,000 sq foot facility valued at an estimated $13.5M by EMKR.””
  • 6/4/2019 – EMCORE was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “EMCORE Corporation offers a broad portfolio of compound semiconductor- based products for the broadband, fiber optic, satellite and terrestrial solar power markets. EMCORE’s Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television and fiber-to-the-premises. EMCORE’s Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high efficiency Gallium Arsenide solar cells, Covered Interconnect Cells and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar power concentrator systems. “
  • 5/28/2019 – EMCORE was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “EMCORE Corporation offers a broad portfolio of compound semiconductor- based products for the broadband, fiber optic, satellite and terrestrial solar power markets. EMCORE’s Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television and fiber-to-the-premises. EMCORE’s Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high efficiency Gallium Arsenide solar cells, Covered Interconnect Cells and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar power concentrator systems. “
  • 5/24/2019 – EMCORE was given a new $6.00 price target on by analysts at Northland Securities. They now have a “buy” rating on the stock.
  • 5/22/2019 – EMCORE was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “EMCORE Corporation offers a broad portfolio of compound semiconductor- based products for the broadband, fiber optic, satellite and terrestrial solar power markets. EMCORE’s Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television and fiber-to-the-premises. EMCORE’s Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high efficiency Gallium Arsenide solar cells, Covered Interconnect Cells and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar power concentrator systems. “
  • 5/10/2019 – EMCORE was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “EMCORE Corporation offers a broad portfolio of compound semiconductor- based products for the broadband, fiber optic, satellite and terrestrial solar power markets. EMCORE’s Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television and fiber-to-the-premises. EMCORE’s Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high efficiency Gallium Arsenide solar cells, Covered Interconnect Cells and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar power concentrator systems. “
  • 5/2/2019 – EMCORE was upgraded by analysts at B. Riley from a “neutral” rating to a “buy” rating.
  • 4/29/2019 – EMCORE was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “EMCORE Corporation offers a broad portfolio of compound semiconductor- based products for the broadband, fiber optic, satellite and terrestrial solar power markets. EMCORE’s Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television and fiber-to-the-premises. EMCORE’s Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high efficiency Gallium Arsenide solar cells, Covered Interconnect Cells and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar power concentrator systems. “

EMCORE stock opened at $3.39 on Wednesday. The stock has a market capitalization of $94.99 million, a PE ratio of -6.40 and a beta of 0.28. EMCORE Co. has a 12 month low of $3.25 and a 12 month high of $5.54. The firm has a 50 day simple moving average of $3.55.

EMCORE (NASDAQ:EMKR) last posted its quarterly earnings data on Wednesday, May 8th. The semiconductor company reported ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.02. The business had revenue of $21.75 million during the quarter, compared to analysts’ expectations of $22.56 million. EMCORE had a negative return on equity of 16.56% and a negative net margin of 27.99%. As a group, equities analysts predict that EMCORE Co. will post -0.33 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of EMKR. Vanguard Group Inc. increased its position in shares of EMCORE by 4.5% in the third quarter. Vanguard Group Inc. now owns 1,239,996 shares of the semiconductor company’s stock valued at $5,890,000 after buying an additional 53,325 shares in the last quarter. California Public Employees Retirement System increased its position in shares of EMCORE by 7.5% during the fourth quarter. California Public Employees Retirement System now owns 153,472 shares of the semiconductor company’s stock worth $645,000 after purchasing an additional 10,691 shares in the last quarter. Perritt Capital Management Inc. purchased a new stake in shares of EMCORE during the fourth quarter worth approximately $214,000. BlackRock Inc. increased its position in shares of EMCORE by 1.2% during the fourth quarter. BlackRock Inc. now owns 278,001 shares of the semiconductor company’s stock worth $1,168,000 after purchasing an additional 3,379 shares in the last quarter. Finally, Royce & Associates LP increased its position in shares of EMCORE by 1.8% during the fourth quarter. Royce & Associates LP now owns 1,110,687 shares of the semiconductor company’s stock worth $4,665,000 after purchasing an additional 20,000 shares in the last quarter. Institutional investors and hedge funds own 60.34% of the company’s stock.

EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in California. It offers broadband products comprising cable television; laser, receiver, and photodetector component products; radio frequency over glass FTTP products; satellite/microwave communications products; and wireless communications products.

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