EMCORE (NASDAQ:EMKR) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of EMCORE (NASDAQ:EMKR) in a report released on Monday. The firm issued a hold rating on the semiconductor company’s stock.

EMCORE Trading Up 1.0 %

Shares of NASDAQ EMKR opened at $3.10 on Monday. The firm has a market cap of $28.15 million, a PE ratio of -1.06 and a beta of 1.70. EMCORE has a 1-year low of $0.78 and a 1-year high of $4.60. The company has a fifty day moving average price of $3.05 and a 200 day moving average price of $2.52.

Hedge Funds Weigh In On EMCORE

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. acquired a new position in EMCORE in the 4th quarter worth $39,000. Kovack Advisors Inc. boosted its stake in EMCORE by 29.7% in the 3rd quarter. Kovack Advisors Inc. now owns 79,720 shares of the semiconductor company’s stock worth $176,000 after purchasing an additional 18,250 shares during the period. CSS LLC IL acquired a new position in shares of EMCORE during the 4th quarter worth about $164,000. Beryl Capital Management LLC acquired a new position in shares of EMCORE during the 4th quarter worth about $2,625,000. Finally, Renaissance Technologies LLC boosted its stake 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 buying an additional 9,500 shares during the last quarter. 65.66% of the stock is owned by institutional investors and hedge funds.

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.