Perkins Capital Management Inc. Has $26,000 Stock Position in EMCORE Co. (NASDAQ:EMKR)

Perkins Capital Management Inc. reduced its position in shares of EMCORE Co. (NASDAQ:EMKR) by 94.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,550 shares of the semiconductor company’s stock after selling 199,050 shares during the period. Perkins Capital Management Inc.’s holdings in EMCORE were worth $26,000 at the end of the most recent reporting period.

Separately, Archon Capital Management LLC raised its position in EMCORE by 65.1% during the first quarter. Archon Capital Management LLC now owns 12,552,577 shares of the semiconductor company’s stock valued at $4,331,000 after purchasing an additional 4,951,568 shares in the last quarter. Hedge funds and other institutional investors own 65.66% of the company’s stock.

EMCORE Stock Performance

Shares of EMCORE stock opened at $2.19 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.88 and a quick ratio of 1.64. EMCORE Co. has a twelve month low of $0.78 and a twelve month high of $7.20. The company’s fifty day moving average is $1.73 and its 200 day moving average is $1.45.

EMCORE (NASDAQ:EMKR) last issued its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.30). EMCORE had a negative return on equity of 25.05% and a negative net margin of 81.08%. The business had revenue of $20.44 million during the quarter, compared to the consensus estimate of $20.00 million. On average, sell-side analysts predict that EMCORE Co. will post -0.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on EMKR shares. Craig Hallum upgraded shares of EMCORE from a “hold” rating to a “buy” rating and boosted their price objective for the company from $1.00 to $3.00 in a research report on Wednesday, October 2nd. StockNews.com upgraded shares of EMCORE from a “sell” rating to a “hold” rating in a research report on Monday, September 16th.

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.