Media coverage about EMCORE (NASDAQ:EMKR) has been trending somewhat positive on Thursday, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. EMCORE earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 46.2674547285166 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
EMCORE (EMKR) traded up $0.15 during midday trading on Thursday, reaching $6.70. The company had a trading volume of 283,100 shares, compared to its average volume of 276,982. EMCORE has a 1 year low of $5.80 and a 1 year high of $12.20. The stock has a market capitalization of $177.84, a P/E ratio of 21.61, a PEG ratio of 1.49 and a beta of 0.45.
EMCORE (NASDAQ:EMKR) last released its earnings results on Tuesday, December 5th. The semiconductor company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). EMCORE had a return on equity of 9.30% and a net margin of 6.70%. The business had revenue of $29.20 million for the quarter, compared to analysts’ expectations of $30.29 million. During the same quarter last year, the company posted $0.10 earnings per share. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. research analysts forecast that EMCORE will post 0.37 EPS for the current fiscal year.
Several equities analysts recently weighed in on EMKR shares. Northland Securities reiterated a “hold” rating and set a $7.50 target price on shares of EMCORE in a research report on Wednesday, December 6th. B. Riley reiterated a “neutral” rating and set a $8.75 target price (down from $10.50) on shares of EMCORE in a research report on Friday, December 1st. Finally, Lake Street Capital reiterated a “buy” rating and set a $10.00 target price on shares of EMCORE in a research report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $9.13.
In related news, CEO Jeffrey Rittichier sold 49,422 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $7.05, for a total transaction of $348,425.10. Following the transaction, the chief executive officer now directly owns 366,007 shares in the company, valued at $2,580,349.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.77% of the company’s stock.
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EMCORE Corporation is engaged in designing and manufacturing indium phosphide (InP) optical chips, components, subsystems and systems for the broadband and specialty fiber optics market. The Company focuses on linear fiber optic transmission technology. The Company operates through Fiber Optics segment.
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