Emcore Corp (NASDAQ:EMKR) Stock Price Down as Sentiment Drops

June 17, 2018 - By Stephen Andrade

EMCORE Corporation (NASDAQ:EMKR) Logo

Sentiment for Emcore Corp (NASDAQ:EMKR)

Emcore Corp (NASDAQ:EMKR) institutional sentiment decreased to 1.08 in Q1 2018. Its down -0.30, from 1.38 in 2017Q4. The ratio worsened, as 39 active investment managers opened new and increased equity positions, while 36 sold and decreased their positions in Emcore Corp. The active investment managers in our partner’s database now hold: 20.38 million shares, down from 20.84 million shares in 2017Q4. Also, the number of active investment managers holding Emcore Corp in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 14 Reduced: 22 Increased: 23 New Position: 16.

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 $151.02 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 24.02 P/E ratio. The firm sells its products through direct sales force, application engineers, third party sales representatives, and distributors.

It closed at $5.5 lastly. It is down 50.49% since June 17, 2017 and is downtrending. It has underperformed by 63.06% the S&P500.

Analysts await EMCORE Corporation (NASDAQ:EMKR) to report earnings on August, 2. They expect $-0.12 earnings per share, down 233.33 % or $0.21 from last year’s $0.09 per share. After $-0.11 actual earnings per share reported by EMCORE Corporation for the previous quarter, Wall Street now forecasts 9.09 % negative EPS growth.

P.A.W. Capital Corp holds 4.55% of its portfolio in EMCORE Corporation for 665,000 shares. S Squared Technology Llc owns 376,146 shares or 1.84% of their US portfolio. Moreover, Paradigm Capital Management Inc Ny has 1.17% invested in the company for 2.42 million shares. The Illinois-based Fortaleza Asset Management Inc has invested 0.5% in the stock. Portolan Capital Management Llc, a Massachusetts-based fund reported 445,698 shares.

Since January 1, 0001, it had 0 buys, and 1 sale for $348,425 activity.

EMCORE Corporation (NASDAQ:EMKR) Ratings Coverage

Ratings analysis reveals 75% of Emcore Corp’s analysts are positive. Out of 4 Wall Street analysts rating Emcore Corp, 3 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $5.75 while the high is $7.5000. The stock’s average target of $6.56 is 19.27% above today’s ($5.5) share price. EMKR was included in 6 notes of analysts from February 7, 2018. On Monday, March 19 the stock rating was upgraded by Northland Capital to “Outperform”. As per Tuesday, April 10, the company rating was maintained by Northland Capital. The firm has “Neutral” rating given on Tuesday, April 10 by B. Riley & Co. Lake Street maintained it with “Buy” rating and $7.0 target in Wednesday, February 7 report. The stock has “Hold” rating by Northland Capital on Wednesday, February 7. The stock has “Buy” rating by FBR Capital on Friday, May 4.

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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