Emcore Corp (NASDAQ:EMKR) Institutional Investors Q1 2018 Sentiment

June 17, 2018 - By Winifred Garcia

EMCORE Corporation (NASDAQ:EMKR) Logo

Sentiment for Emcore Corp (NASDAQ:EMKR)

Emcore Corp (NASDAQ:EMKR) institutional sentiment decreased to 1.08 in 2018 Q1. Its down -0.30, from 1.38 in 2017Q4. The ratio has worsened, as 39 investment professionals started new or increased stock positions, while 36 trimmed and sold stock positions in Emcore Corp. The investment professionals in our partner’s database now own: 20.38 million shares, down from 20.84 million shares in 2017Q4. Also, the number of investment professionals holding Emcore Corp in their top 10 stock 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 EPS, down 233.33 % or $0.21 from last year’s $0.09 per share. After $-0.11 actual EPS 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 insider 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. The rating was maintained by B. Riley & Co with “Neutral” on Tuesday, April 10. Northland Capital upgraded EMCORE Corporation (NASDAQ:EMKR) on Monday, March 19 to “Outperform” rating. On Wednesday, February 7 the stock rating was maintained by Northland Capital with “Hold”. FBR Capital upgraded EMCORE Corporation (NASDAQ:EMKR) rating on Friday, May 4. FBR Capital has “Buy” rating and $600 target. The rating was maintained by Lake Street on Wednesday, February 7 with “Buy”. The firm earned “Buy” rating on Tuesday, April 10 by Northland Capital.

More recent EMCORE Corporation (NASDAQ:EMKR) news were published by: Nasdaq.com which released: “EMCORE Announces Successful Performance Test Results of OBI Mitigated L-EMLâ„¢ RFoG ONU Transceiver” on June 11, 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. Investingnews.com‘s news article titled: “EMCORE Releases Model 3644 Mini-Tx 1.2 GHz” with publication date: June 07, 2018 was also an interesting one.

EMCORE Corporation (NASDAQ:EMKR) Institutional Positions Chart

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