Headlines about EMCORE (NASDAQ:EMKR) have trended somewhat positive on Tuesday, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. EMCORE earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 46.0194312871379 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

EMCORE (EMKR) traded down $0.10 on Tuesday, hitting $6.95. 212,900 shares of the stock traded hands, compared to its average volume of 287,543. EMCORE has a fifty-two week low of $5.80 and a fifty-two week high of $12.20. The company has a market cap of $186.81, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 1.60 and a beta of 0.44.

EMCORE (NASDAQ:EMKR) last posted 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 firm had revenue of $29.20 million during the quarter, compared to the consensus estimate of $30.29 million. During the same period in the previous year, the company posted $0.10 EPS. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. analysts predict that EMCORE will post 0.37 EPS for the current fiscal year.

Several research firms have recently weighed in on EMKR. Northland Securities lowered shares of EMCORE from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 5th. B. Riley reaffirmed a “neutral” rating and issued a $8.75 target price (down previously from $10.50) on shares of EMCORE in a report on Friday, December 1st. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $10.00 target price on shares of EMCORE in a report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. EMCORE has an average rating of “Hold” and a consensus price target of $9.13.

In related news, CEO Jeffrey Rittichier sold 49,422 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $7.05, for a total transaction of $348,425.10. Following the transaction, the chief executive officer now owns 366,007 shares in the company, valued at approximately $2,580,349.35. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.99% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for EMCORE (NASDAQ:EMKR)

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