Royce & Associates LP raised its position in shares of EMCORE Co. (NASDAQ:EMKR) by 19.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,324,994 shares of the semiconductor company’s stock after acquiring an additional 211,243 shares during the period. Royce & Associates LP’s holdings in EMCORE were worth $8,546,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its holdings in shares of EMCORE by 2.5% during the second quarter. Wells Fargo & Company MN now owns 19,146 shares of the semiconductor company’s stock worth $204,000 after buying an additional 466 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of EMCORE by 9.5% during the second quarter. The Manufacturers Life Insurance Company now owns 22,061 shares of the semiconductor company’s stock worth $235,000 after buying an additional 1,914 shares in the last quarter. Nationwide Fund Advisors increased its holdings in shares of EMCORE by 8.7% during the third quarter. Nationwide Fund Advisors now owns 95,902 shares of the semiconductor company’s stock worth $786,000 after buying an additional 7,642 shares in the last quarter. Voya Investment Management LLC acquired a new stake in shares of EMCORE during the second quarter worth approximately $112,000. Finally, Highbridge Capital Management LLC increased its holdings in shares of EMCORE by 130.9% during the third quarter. Highbridge Capital Management LLC now owns 25,574 shares of the semiconductor company’s stock worth $119,000 after buying an additional 14,499 shares in the last quarter. 66.05% of the stock is owned by institutional investors.
In other news, CEO Jeffrey Rittichier sold 49,422 shares of the stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $7.05, for a total transaction of $348,425.10. Following the sale, the chief executive officer now directly owns 366,007 shares of the company’s stock, valued at $2,580,349.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.99% of the stock is owned by corporate insiders.
Shares of EMCORE Co. (NASDAQ:EMKR) opened at $5.45 on Tuesday. EMCORE Co. has a 52 week low of $4.90 and a 52 week high of $12.20. The company has a market cap of $146.88, a P/E ratio of 18.62, a PEG ratio of 45.00 and a beta of 0.14.
EMCORE (NASDAQ:EMKR) last released its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.03). EMCORE had a net margin of 5.48% and a return on equity of 6.59%. The company had revenue of $24.04 million for the quarter, compared to the consensus estimate of $24.75 million. During the same period last year, the company earned $0.13 earnings per share. EMCORE’s revenue for the quarter was down 20.3% compared to the same quarter last year. equities analysts anticipate that EMCORE Co. will post 0.01 EPS for the current fiscal year.
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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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