Posted by admin on Aug 19th, 2022

Russell Investments Group Ltd. increased its holdings in EMCORE Co. (NASDAQ:EMKR – Get Rating) by 763.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 316,466 shares of the semiconductor company’s stock after purchasing an additional 279,814 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.85% of EMCORE worth $1,169,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Victory Capital Management Inc. grew its stake in shares of EMCORE by 5.4% in the first quarter. Victory Capital Management Inc. now owns 154,329 shares of the semiconductor company’s stock worth $571,000 after purchasing an additional 7,903 shares during the last quarter. KB Financial Partners LLC acquired a new position in EMCORE in the fourth quarter valued at $277,000. Penserra Capital Management LLC lifted its holdings in EMCORE by 53.3% in the fourth quarter. Penserra Capital Management LLC now owns 979,733 shares of the semiconductor company’s stock valued at $6,838,000 after buying an additional 340,579 shares during the period. Covestor Ltd acquired a new position in EMCORE in the fourth quarter valued at $39,000. Finally, B. Riley Asset Management LLC acquired a new position in EMCORE in the fourth quarter valued at $8,980,000. Institutional investors own 73.63% of the company’s stock.

EMKR opened at $2.74 on Friday. EMCORE Co. has a fifty-two week low of $2.45 and a fifty-two week high of $8.73. The firm has a market capitalization of $102.89 million, a PE ratio of -39.14 and a beta of 1.25. The company’s 50-day moving average is $3.16 and its 200 day moving average is $3.54.

Several equities analysts recently issued reports on EMKR shares. Northland Securities lowered shares of EMCORE from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 10th. StockNews.com lowered shares of EMCORE from a “hold” rating to a “sell” rating in a report on Friday, August 12th.

EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in the United States, Canada, Asia, Europe, and internationally. It operates in two segments, Aerospace and Defense, and Broadband. The company offers navigation system and inertial sensing products, such as fiber optic gyros products that includes gyroscopes, inertial measurement units (IMU), and inertial navigation systems (INS), as well as QMEMS gyroscopes, accelerometers, IMUs, and INS products primarily for the aerospace and defense markets; and defense optoelectronics comprising optiva platform fiber optic transport systems and erbium doped fiber amplifiers, as well as ruggedized microwave flange-mount transmitters, receivers, and optical delay line products.

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