Shares of EMCORE Co. (NASDAQ:EMKR) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $6.38.
EMKR has been the subject of a number of research reports. Zacks Investment Research lowered EMCORE from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. TheStreet lowered EMCORE from a “b-” rating to a “c+” rating in a research note on Wednesday, February 28th. ValuEngine lowered EMCORE from a “hold” rating to a “sell” rating in a research note on Saturday, April 7th. B. Riley dropped their price target on EMCORE from $6.25 to $5.75 and set a “neutral” rating for the company in a research note on Tuesday, April 10th. Finally, Northland Securities raised EMCORE from a “market perform” rating to an “outperform” rating in a research note on Monday, March 19th.
Shares of EMCORE stock opened at $4.70 on Friday. EMCORE has a 12 month low of $4.55 and a 12 month high of $12.20. The company has a market cap of $127.84, a P/E ratio of 16.21 and a beta of 0.31.
Large investors have recently bought and sold shares of the company. Alambic Investment Management L.P. bought a new stake in shares of EMCORE in the 4th quarter valued at approximately $125,000. JPMorgan Chase & Co. bought a new stake in shares of EMCORE in the 3rd quarter valued at approximately $220,000. Stone Ridge Asset Management LLC bought a new stake in shares of EMCORE in the 4th quarter valued at approximately $175,000. Wells Fargo & Company MN lifted its stake in shares of EMCORE by 56.2% in the 3rd quarter. Wells Fargo & Company MN now owns 29,911 shares of the semiconductor company’s stock valued at $246,000 after purchasing an additional 10,765 shares during the last quarter. Finally, Connors Investor Services Inc. lifted its stake in shares of EMCORE by 47.2% in the 4th quarter. Connors Investor Services Inc. now owns 31,193 shares of the semiconductor company’s stock valued at $201,000 after purchasing an additional 10,000 shares during the last quarter. 79.09% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: “EMCORE Co. (EMKR) Receives $6.38 Average Price Target from Analysts” was originally published by Week Herald and is owned by of Week Herald. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://weekherald.com/2018/04/24/emcore-co-emkr-receives-6-38-average-price-target-from-analysts.html.
EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in California. It offers broadband products comprising cable television; laser, receiver, and photodetector component products; radio frequency over glass FTTP products; satellite/microwave communications products; and wireless communications products.
Receive News & Ratings for EMCORE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMCORE and related companies with MarketBeat.com's FREE daily email newsletter.