How Many EMCORE Corporation (NASDAQ:EMKR)’s Analysts Are Bullish?

December 7, 2017 - By Marie Mckinney

 How Many EMCORE Corporation (NASDAQ:EMKR)'s Analysts Are Bullish?
Investors sentiment decreased to 1.18 in Q2 2017. Its down 0.51, from 1.69 in 2017Q1. It turned negative, as 12 investors sold EMCORE Corporation shares while 28 reduced holdings. 18 funds opened positions while 29 raised stakes. 19.95 million shares or 1.70% more from 19.62 million shares in 2017Q1 were reported.
Wellington Management Grp Llp owns 0.01% invested in EMCORE Corporation (NASDAQ:EMKR) for 2.20 million shares. The Pennsylvania-based Federated Invsts Pa has invested 0% in EMCORE Corporation (NASDAQ:EMKR). 205,417 were reported by Orca Invest Ltd Limited Liability Company. 21,533 were accumulated by Clarivest Asset Management Ltd. Huntington Financial Bank has 0% invested in EMCORE Corporation (NASDAQ:EMKR). Schwab Charles Invest Mngmt holds 0% of its portfolio in EMCORE Corporation (NASDAQ:EMKR) for 50,590 shares. Susquehanna International Llp has invested 0% in EMCORE Corporation (NASDAQ:EMKR). Bnp Paribas Arbitrage Sa reported 4,207 shares or 0% of all its holdings. Oberweis Asset Inc has 114,900 shares. 1.17 million were accumulated by Vanguard Gp. Dimensional Fund Advsr Lp, Texas-based fund reported 965,267 shares. Renaissance Technology Limited Liability stated it has 799,197 shares or 0.01% of all its holdings. California Public Employees Retirement reported 107,266 shares stake. Millrace Asset Grp Inc Incorporated Inc holds 378,575 shares or 3.82% of its portfolio. Royal Savings Bank Of Canada owns 1,455 shares.

EMCORE Corporation (NASDAQ:EMKR) Ratings Coverage

Among 5 analysts covering Emcore (NASDAQ:EMKR), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Emcore has $13.0 highest and $7.50 lowest target. $10.95’s average target is 80.25% above currents $6.075 stock price. Emcore had 15 analyst reports since July 28, 2015 according to SRatingsIntel. Dougherty & Company initiated it with “Buy” rating and $7.50 target in Thursday, October 20 report. On Wednesday, February 8 the stock rating was maintained by Lake Street with “Buy”. Lake Street initiated the stock with “Buy” rating in Tuesday, March 8 report. Dougherty & Company maintained the shares of EMKR in report on Wednesday, February 8 with “Buy” rating. Northland Capital maintained the shares of EMKR in report on Monday, October 16 with “Buy” rating. The firm earned “Outperform” rating on Monday, November 9 by Northland Capital. The rating was maintained by Dougherty & Company on Thursday, December 8 with “Buy”. The stock of EMCORE Corporation (NASDAQ:EMKR) earned “Outperform” rating by Northland Capital on Wednesday, December 9. The stock of EMCORE Corporation (NASDAQ:EMKR) earned “Market Perform” rating by Northland Capital on Tuesday, December 5. The stock has “Outperform” rating by Northland Capital on Tuesday, July 28. Below is a list of EMCORE Corporation (NASDAQ:EMKR) latest ratings and price target changes.

05/12/2017 Broker: Northland Capital Old Rating: Outperform New Rating: Market Perform Downgrade
01/12/2017 Broker: FBR Capital Rating: Hold New Target: $8.75
16/10/2017 Broker: Northland Capital Rating: Buy New Target: $13.0 Maintain
11/09/2017 Broker: Northland Capital Rating: Buy New Target: $13.0 Maintain
29/06/2017 Broker: B. Riley & Co Old Rating: Buy New Rating: Neutral Downgrade

The stock decreased 2.80% or $0.175 during the last trading session, reaching $6.075. About 540,332 shares traded or 114.63% up from the average. EMCORE Corporation (NASDAQ:EMKR) has risen 148.03% since December 7, 2016 and is uptrending. It has outperformed by 131.33% the S&P500.

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 $164.81 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 21.17 P/E ratio. The firm sells its products through direct sales force, application engineers, third party sales representatives, and distributors.

More recent EMCORE Corporation (NASDAQ:EMKR) news were published by: Seekingalpha.com which released: “EMCORE’s (EMKR) CEO Jeff Rittichier on Q4 2017 Results – Earnings Call Transcript” on December 05, 2017. Also Globenewswire.com published the news titled: “EMCORE Corporation Announces Financial Results for Fourth Quarter and Fiscal …” on December 05, 2017. Globenewswire.com‘s news article titled: “EMCORE Corporation to Report Fiscal 2017 Fourth Quarter and Year-End Results …” with publication date: November 28, 2017 was also an interesting one.

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