EMCORE (NASDAQ:EMKR)‘s stock had its “neutral” rating reiterated by equities research analysts at B. Riley in a report issued on Friday, Marketbeat.com reports. They presently have a $8.75 target price on the semiconductor company’s stock, down from their prior target price of $10.50. B. Riley’s price objective would suggest a potential upside of 18.24% from the stock’s current price.

Several other research firms have also recently issued reports on EMKR. Northland Securities reiterated a “buy” rating and issued a $13.00 target price on shares of EMCORE in a research note on Tuesday, September 12th. BidaskClub cut shares of EMCORE from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, Zacks Investment Research cut shares of EMCORE from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $11.44.

EMCORE (NASDAQ:EMKR) traded down $0.40 on Friday, hitting $7.40. 306,898 shares of the company traded hands, compared to its average volume of 319,185. EMCORE has a 1 year low of $6.15 and a 1 year high of $12.20. The firm has a market cap of $213.69, a PE ratio of 20.92 and a beta of 0.48.

In other news, CEO Jeffrey Rittichier sold 9,189 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $8.45, for a total transaction of $77,647.05. Following the transaction, the chief executive officer now directly owns 288,505 shares in the company, valued at $2,437,867.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.77% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Gotham Asset Management LLC purchased a new position in EMCORE in the 2nd quarter valued at $111,000. Voya Investment Management LLC purchased a new position in EMCORE in the 2nd quarter valued at $112,000. Highbridge Capital Management LLC grew its position in EMCORE by 130.9% in the 3rd quarter. Highbridge Capital Management LLC now owns 25,574 shares of the semiconductor company’s stock valued at $119,000 after buying an additional 14,499 shares during the last quarter. American International Group Inc. grew its position in EMCORE by 7.1% in the 1st quarter. American International Group Inc. now owns 16,093 shares of the semiconductor company’s stock valued at $145,000 after buying an additional 1,063 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in EMCORE in the 3rd quarter valued at $151,000. Hedge funds and other institutional investors own 78.40% of the company’s stock.

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EMCORE Company Profile

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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