Shares of Emcore Corp. (NASDAQ:EMKR) traded up 3.6% on Friday . The stock traded as high as $5.30 and last traded at $5.24, with a volume of 681,225 shares changing hands. The stock had previously closed at $5.06.

Several analysts recently weighed in on the company. B. Riley restated a “buy” rating and set a $7.00 target price on shares of Emcore Corp. in a research note on Tuesday, August 9th. Zacks Investment Research downgraded Emcore Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $8.19.

The stock has a market capitalization of $136.96 million and a PE ratio of 17.88. The company’s 50-day moving average is $5.93 and its 200-day moving average is $5.60.

The company also recently declared a special dividend, which was paid on Friday, July 29th. Shareholders of record on Monday, July 18th were paid a $1.50 dividend. The ex-dividend date was Monday, August 1st.

A hedge fund recently raised its stake in Emcore Corp. stock. Royce & Associates LLC raised its position in Emcore Corp. (NASDAQ:EMKR) by 81.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 627,474 shares of the company’s stock after buying an additional 281,398 shares during the period. Royce & Associates LLC owned 2.42% of Emcore Corp. worth $3,846,000 as of its most recent SEC filing.

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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