EMCORE (EMKR) – Analysts’ Weekly Ratings Updates

EMCORE (NASDAQ: EMKR) recently received a number of ratings updates from brokerages and research firms:

  • 6/10/2019 – EMCORE was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “EMCORE Corporation offers a broad portfolio of compound semiconductor- based products for the broadband, fiber optic, satellite and terrestrial solar power markets. EMCORE’s Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television and fiber-to-the-premises. EMCORE’s Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high efficiency Gallium Arsenide solar cells, Covered Interconnect Cells and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar power concentrator systems. “
  • 6/10/2019 – EMCORE was given a new $6.00 price target on by analysts at Lake Street Capital. They now have a “buy” rating on the stock.
  • 6/10/2019 – EMCORE had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $6.00 price target on the stock. They wrote, “We reiterate our OP rating and $6 PT. Key Points EMKR guided the acquisition to be accretive by the end of the corporate average and an end market focus on tactical defense navigation with a similar base of customers (Raytheon, Lockheed) as well as emerging commercial aviation exposure (Boeing 777X). SDI is based in Concord, CA with 140 employees half of whom are engaged in manufacturing in the company’s owned 100,000 sq foot facility valued at an estimated $13.5M by EMKR.””
  • 6/4/2019 – EMCORE was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “EMCORE Corporation offers a broad portfolio of compound semiconductor- based products for the broadband, fiber optic, satellite and terrestrial solar power markets. EMCORE’s Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television and fiber-to-the-premises. EMCORE’s Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high efficiency Gallium Arsenide solar cells, Covered Interconnect Cells and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar power concentrator systems. “
  • 5/28/2019 – EMCORE was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “EMCORE Corporation offers a broad portfolio of compound semiconductor- based products for the broadband, fiber optic, satellite and terrestrial solar power markets. EMCORE’s Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television and fiber-to-the-premises. EMCORE’s Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high efficiency Gallium Arsenide solar cells, Covered Interconnect Cells and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar power concentrator systems. “
  • 5/24/2019 – EMCORE was given a new $6.00 price target on by analysts at Northland Securities. They now have a “buy” rating on the stock.
  • 5/22/2019 – EMCORE was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “EMCORE Corporation offers a broad portfolio of compound semiconductor- based products for the broadband, fiber optic, satellite and terrestrial solar power markets. EMCORE’s Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television and fiber-to-the-premises. EMCORE’s Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high efficiency Gallium Arsenide solar cells, Covered Interconnect Cells and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar power concentrator systems. “
  • 5/10/2019 – EMCORE was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “EMCORE Corporation offers a broad portfolio of compound semiconductor- based products for the broadband, fiber optic, satellite and terrestrial solar power markets. EMCORE’s Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television and fiber-to-the-premises. EMCORE’s Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high efficiency Gallium Arsenide solar cells, Covered Interconnect Cells and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar power concentrator systems. “
  • 5/2/2019 – EMCORE was upgraded by analysts at B. Riley from a “neutral” rating to a “buy” rating.
  • 4/29/2019 – EMCORE was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “EMCORE Corporation offers a broad portfolio of compound semiconductor- based products for the broadband, fiber optic, satellite and terrestrial solar power markets. EMCORE’s Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television and fiber-to-the-premises. EMCORE’s Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high efficiency Gallium Arsenide solar cells, Covered Interconnect Cells and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar power concentrator systems. “
  • 4/23/2019 – EMCORE was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “EMCORE Corporation offers a broad portfolio of compound semiconductor- based products for the broadband, fiber optic, satellite and terrestrial solar power markets. EMCORE’s Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television and fiber-to-the-premises. EMCORE’s Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high efficiency Gallium Arsenide solar cells, Covered Interconnect Cells and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar power concentrator systems. “

EMCORE stock traded down $0.18 during trading on Wednesday, hitting $3.50. The stock had a trading volume of 1,305 shares, compared to its average volume of 138,851. EMCORE Co. has a 1 year low of $3.25 and a 1 year high of $5.65. The company has a market cap of $101.40 million, a price-to-earnings ratio of -6.60 and a beta of 0.28.

EMCORE (NASDAQ:EMKR) last posted its quarterly earnings results on Wednesday, May 8th. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.02. EMCORE had a negative net margin of 27.99% and a negative return on equity of 16.56%. The business had revenue of $21.75 million during the quarter, compared to analyst estimates of $22.56 million. Equities analysts anticipate that EMCORE Co. will post -0.33 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in EMKR. Jefferies Group LLC purchased a new stake in EMCORE in the first quarter worth approximately $37,000. Charles Schwab Investment Management Inc. purchased a new position in shares of EMCORE during the 1st quarter worth $41,000. Virtu Financial LLC boosted its stake in shares of EMCORE by 40.5% during the 1st quarter. Virtu Financial LLC now owns 15,380 shares of the semiconductor company’s stock worth $56,000 after acquiring an additional 4,436 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new position in shares of EMCORE during the 4th quarter worth $63,000. Finally, GMT Capital Corp purchased a new position in shares of EMCORE during the 1st quarter worth $100,000. 60.34% of the stock is owned by institutional investors.

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.

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