How Analysts Rated EMCORE Corporation (NASDAQ:EMKR) Last Week?

June 13, 2018 - By Elnora Patterson

EMCORE Corporation (NASDAQ:EMKR) LogoInvestors sentiment decreased to 1.08 in Q1 2018. Its down 0.30, from 1.38 in 2017Q4. It turned negative, as 14 investors sold EMCORE Corporation shares while 22 reduced holdings. 16 funds opened positions while 23 raised stakes. 20.38 million shares or 2.24% less from 20.84 million shares in 2017Q4 were reported.
California Pub Employees Retirement holds 129,838 shares. Aqr Mgmt Limited Liability accumulated 292,676 shares. Wells Fargo And Company Mn has invested 0% in EMCORE Corporation (NASDAQ:EMKR). Ohio-based Meeder Asset Mgmt Incorporated has invested 0% in EMCORE Corporation (NASDAQ:EMKR). The New York-based Tiaa Cref Investment Mgmt Llc has invested 0% in EMCORE Corporation (NASDAQ:EMKR). Bard Assocs Incorporated has 0.07% invested in EMCORE Corporation (NASDAQ:EMKR). 28,070 are held by Panagora Asset. Credit Suisse Ag invested in 26,308 shares or 0% of the stock. Portolan Capital Mngmt Ltd Liability Co has 445,698 shares. Highbridge Capital Management Ltd Llc has 13,975 shares. New Jersey-based Prudential Fin has invested 0% in EMCORE Corporation (NASDAQ:EMKR). Mufg Americas Corp holds 0% or 1,330 shares in its portfolio. Illinois-based Ariel Limited Liability has invested 0.13% in EMCORE Corporation (NASDAQ:EMKR). State Common Retirement Fund holds 0% or 243,218 shares in its portfolio. Vanguard has invested 0% in EMCORE Corporation (NASDAQ:EMKR).

Since January 5, 2018, it had 0 insider purchases, and 1 insider sale for $348,425 activity.

EMCORE Corporation (NASDAQ:EMKR) Ratings Coverage

Among 4 analysts covering Emcore Corp (NASDAQ:EMKR), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Emcore Corp had 6 analyst reports since February 7, 2018 according to SRatingsIntel. As per Monday, March 19, the company rating was upgraded by Northland Capital. The company was maintained on Tuesday, April 10 by Northland Capital. The firm earned “Hold” rating on Wednesday, February 7 by Northland Capital. The stock of EMCORE Corporation (NASDAQ:EMKR) earned “Neutral” rating by B. Riley & Co on Tuesday, April 10. On Friday, May 4 the stock rating was upgraded by FBR Capital to “Buy”. Lake Street maintained it with “Buy” rating and $7.0 target in Wednesday, February 7 report. Below is a list of EMCORE Corporation (NASDAQ:EMKR) latest ratings and price target changes.

04/05/2018 Broker: FBR Capital Rating: Buy New Target: $6.0000 Upgrade
10/04/2018 Broker: Northland Capital Rating: Buy New Target: $7.5000 Maintain
10/04/2018 Broker: B. Riley & Co Old Rating: Neutral New Rating: Neutral Old Target: $6.25 New Target: $5.75 Maintain
19/03/2018 Broker: Northland Capital Old Rating: Market Perform New Rating: Outperform Upgrade
07/02/2018 Broker: Northland Capital Rating: Hold New Target: $6.0 Maintain
07/02/2018 Broker: Lake Street Rating: Buy New Target: $7.0 Maintain

The stock increased 1.38% or $0.075 during the last trading session, reaching $5.525. About 5,099 shares traded. EMCORE Corporation (NASDAQ:EMKR) has declined 50.49% since June 13, 2017 and is downtrending. It has underperformed by 63.06% the S&P500.

EMCORE Corporation, together with its subsidiaries, designs, makes, and sells indium phosphide optical chips, components, subsystems, and systems for the broadband and specialty fiber optics market worldwide. The company has market cap of $151.70 million. It offers DFB laser modules and diodes, laser and avalanche chips, optical receivers, and broadband photodiodes for use in telecommunication, cable television, fiber-to-the-premises, defense and homeland security, satellite communication and broadcast, and professional audio/video applications. It has a 24.13 P/E ratio. The firm sells its products through direct sales force, application engineers, third party sales representatives, and distributors.

More recent EMCORE Corporation (NASDAQ:EMKR) news were published by: Investingnews.com which released: “EMCORE Releases Model 3644 Mini-Tx 1.2 GHz” on June 07, 2018. Also Nasdaq.com published the news titled: “Factors of Influence in 2018, Key Indicators and Opportunity within Applied Industrial Technologies, Heritage …” on May 25, 2018. Nasdaq.com‘s news article titled: “EMCORE Announces Successful Performance Test Results of OBI Mitigated L-EMLâ„¢ RFoG ONU Transceiver” with publication date: June 11, 2018 was also an interesting one.

EMCORE Corporation (NASDAQ:EMKR) Institutional Positions Chart

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