EMCORE (NASDAQ:EMKR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of EMCORE (NASDAQ:EMKR) in a research note issued to investors on Tuesday morning. The firm issued a hold rating on the semiconductor company’s stock.

EMCORE Stock Up 1.0 %

NASDAQ EMKR opened at $3.10 on Tuesday. The stock has a market capitalization of $28.15 million, a PE ratio of -1.06 and a beta of 1.70. The company has a 50 day moving average price of $3.06 and a two-hundred day moving average price of $2.60. EMCORE has a 12-month low of $0.78 and a 12-month high of $3.98.

Institutional Trading of EMCORE

A number of institutional investors and hedge funds have recently modified their holdings of EMKR. Newbridge Financial Services Group Inc. acquired a new stake in shares of EMCORE in the fourth quarter worth $39,000. Virtu Financial LLC acquired a new stake in shares of EMCORE in the fourth quarter worth $88,000. CSS LLC IL acquired a new stake in shares of EMCORE in the fourth quarter worth $164,000. Gabelli Funds LLC bought a new position in EMCORE during the fourth quarter worth $225,000. Finally, Geode Capital Management LLC increased its position in EMCORE by 18.3% during the fourth quarter. Geode Capital Management LLC now owns 77,410 shares of the semiconductor company’s stock worth $232,000 after acquiring an additional 11,985 shares during the period. 65.66% of the stock is currently 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.