B. Riley reiterated their neutral rating on shares of EMCORE (NASDAQ:EMKR) in a research note published on Friday. They currently have a $8.75 price target on the semiconductor company’s stock, down from their prior price target of $10.50.

A number of other research firms have also commented on EMKR. Zacks Investment Research lowered shares of EMCORE from a hold rating to a sell rating in a research note on Wednesday, August 9th. BidaskClub lowered shares of EMCORE from a buy rating to a hold rating in a research note on Saturday, August 5th. Finally, Northland Securities restated a buy rating and issued a $13.00 price objective on shares of EMCORE in a research note on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $11.44.

EMCORE (EMKR) traded down $0.40 during midday trading on Friday, reaching $7.40. 306,898 shares of the company’s stock were exchanged, compared to its average volume of 156,369. The firm has a market capitalization of $209.66, a price-to-earnings ratio of 20.53 and a beta of 0.45. EMCORE has a one year low of $6.15 and a one year high of $12.20.

In other news, CEO Jeffrey Rittichier sold 9,189 shares of the business’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $8.45, for a total transaction of $77,647.05. Following the transaction, the chief executive officer now directly owns 288,505 shares in the company, valued at $2,437,867.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.77% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Gotham Asset Management LLC acquired a new position in shares of EMCORE during the second quarter worth about $111,000. Voya Investment Management LLC acquired a new position in shares of EMCORE during the second quarter worth about $112,000. Campbell & CO Investment Adviser LLC increased its stake in shares of EMCORE by 6.4% during the second quarter. Campbell & CO Investment Adviser LLC now owns 14,645 shares of the semiconductor company’s stock worth $156,000 after acquiring an additional 878 shares during the period. American International Group Inc. increased its stake in shares of EMCORE by 7.1% during the first quarter. American International Group Inc. now owns 16,093 shares of the semiconductor company’s stock worth $145,000 after acquiring an additional 1,063 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of EMCORE during the third quarter worth about $151,000. Institutional investors and hedge funds own 78.40% of the company’s stock.

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EMCORE 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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