Press coverage about EMCORE (NASDAQ:EMKR) has been trending somewhat positive recently, Alpha One Sentiment reports. The research firm, a division of Accern, identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. EMCORE earned a media sentiment score of 0.19 on Alpha One’s scale. Alpha One also gave press coverage about the semiconductor company an impact score of 33 out of 100, indicating that recent media coverage is unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected AlphaOne Sentiment’s rankings:
Shares of EMCORE (NASDAQ:EMKR) traded up 2.07% during trading on Friday, hitting $9.85. 698,076 shares of the stock were exchanged. The stock has a market cap of $261.85 million, a PE ratio of 28.89 and a beta of 0.73. EMCORE has a one year low of $4.90 and a one year high of $10.50. The stock’s 50 day moving average price is $8.77 and its 200 day moving average price is $8.33.
EMCORE (NASDAQ:EMKR) last posted its quarterly earnings results on Thursday, May 4th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.05. The business had revenue of $32.60 million for the quarter, compared to analyst estimates of $30.23 million. EMCORE had a return on equity of 3.84% and a net margin of 9.06%. The firm’s quarterly revenue was up 51.6% on a year-over-year basis. Equities research analysts predict that EMCORE will post $0.50 EPS for the current year.
A number of analysts have weighed in on EMKR shares. B. Riley reissued a “buy” rating and set a $10.00 price objective on shares of EMCORE in a report on Thursday, February 2nd. Zacks Investment Research cut shares of EMCORE from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 7th. Dougherty & Co raised their price objective on shares of EMCORE from $10.50 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. Finally, Lake Street Capital raised their price objective on shares of EMCORE from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. Five investment analysts have rated the stock with a buy rating, EMCORE currently has a consensus rating of “Buy” and a consensus target price of $11.38.
In related news, CEO Jeffrey Rittichier sold 6,237 shares of the company’s stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $10.00, for a total transaction of $62,370.00. Following the sale, the chief executive officer now directly owns 212,422 shares of the company’s stock, valued at approximately $2,124,220. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.77% of the company’s stock.
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.