Headlines about EMCORE Corporation (NASDAQ:EMKR) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. EMCORE Corporation earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 45.9808165810786 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
EMKR has been the subject of a number of research analyst reports. B. Riley cut shares of EMCORE Corporation from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a report on Thursday, June 29th. Zacks Investment Research cut shares of EMCORE Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. BidaskClub raised shares of EMCORE Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Northland Securities reissued a “buy” rating and set a $13.00 price objective on shares of EMCORE Corporation in a research note on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. EMCORE Corporation presently has an average rating of “Hold” and a consensus target price of $11.40.
EMCORE Corporation (NASDAQ:EMKR) opened at 8.65 on Tuesday. EMCORE Corporation has a 52 week low of $5.10 and a 52 week high of $12.20. The stock has a market capitalization of $232.50 million, a PE ratio of 30.14 and a beta of 0.69. The stock’s 50 day moving average is $9.19 and its 200-day moving average is $9.78.
EMCORE Corporation (NASDAQ:EMKR) last released its earnings results on Thursday, August 3rd. The semiconductor company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. EMCORE Corporation had a net margin of 6.73% and a return on equity of 9.25%. The business had revenue of $30.95 million for the quarter, compared to the consensus estimate of $30.04 million. The firm’s revenue was up 38.2% compared to the same quarter last year. Equities research analysts forecast that EMCORE Corporation will post $0.53 EPS for the current year.
In related news, CFO Jikun Kim sold 20,504 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $11.25, for a total value of $230,670.00. Following the sale, the chief financial officer now directly owns 39,036 shares in the company, valued at approximately $439,155. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.77% of the stock is owned by insiders.
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EMCORE Corporation Company Profile
EMCORE Corporation is engaged in designing and manufacturing indium phosphide (InP) optical chips, components, subsystems and systems for the broadband and specialty fiber optics market. The Company focuses on linear fiber optic transmission technology. The Company operates through Fiber Optics segment.
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