Somewhat Favorable Press Coverage Somewhat Unlikely to Impact EMCORE (EMKR) Share Price

News coverage about EMCORE (NASDAQ:EMKR) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. EMCORE earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 45.9320590449994 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

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

Shares of EMCORE (EMKR) traded down $0.20 during midday trading on Friday, reaching $6.20. The company’s stock had a trading volume of 528,727 shares, compared to its average volume of 432,697. The firm has a market capitalization of $173.62, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 1.45 and a beta of 0.45. EMCORE has a 12-month low of $5.80 and a 12-month high of $12.20.

EMCORE (NASDAQ:EMKR) last issued its earnings results on Tuesday, December 5th. The semiconductor company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). The business had revenue of $29.20 million for the quarter, compared to analyst estimates of $30.29 million. EMCORE had a return on equity of 9.30% and a net margin of 6.70%. The firm’s revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. analysts predict that EMCORE will post 0.37 earnings per share for the current fiscal year.

In other news, CEO Jeffrey Rittichier sold 9,189 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $8.45, for a total value of $77,647.05. Following the completion of the transaction, the chief executive officer now owns 288,505 shares of the company’s stock, valued at $2,437,867.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.77% of the company’s stock.

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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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