NASDAQ:EMKREMCORE Stock Price, Forecast & News

$3.04

+0.01 (+0.33 %)

(As of 06/1/2020 11:05 AM ET)

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Today's Range

$2.99

Now: $3.04▼

$3.04

50-Day Range

$2.14

MA: $2.71▼

$3.35

52-Week Range

$1.46

Now: $3.04▼

$3.82

Volume8,359 shs

Average Volume187,857 shs

Market Capitalization$89.28 million

P/E RatioN/A

Dividend YieldN/A

Beta0.84

EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in California. It offers broadband products comprising cable television; laser, receiver, and photodetector component products; radio frequency over glass FTTP products; satellite/microwave communications products; and wireless communications products. The company also provides chip devices products, including high-power gain chips, GPON fiber-to-the-premises, and data center chip products; and navigation systems products, such as fiber optic gyroscope products and inertial measurement units and navigation systems products. It sells its products through direct sales force, application engineers, third party sales representatives, and distributors. EMCORE Corporation was founded in 1984 and is headquartered in Alhambra, California.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
EMCORE has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4.90, EMCORE has a potential upside of 61.2% from its current price of $3.04.
Amount of Analyst Coverage
EMCORE has only been the subject of 1 research reports in the past 90 days.

2.5 Community Rank

Outperform Votes
EMCORE has received 339 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
EMCORE has received 345 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
EMCORE has received 50.44% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about EMCORE and other stocks. Vote “Outperform” if you believe EMKR will outperform the S&P 500 over the long term. Vote “Underperform” if you believe EMKR will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
EMCORE does not currently pay a dividend.
Dividend Growth
EMCORE does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, EMCORE insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.40% of the stock of EMCORE is held by insiders.
Percentage Held by Institutions
55.63% of the stock of EMCORE is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for EMCORE are expected to grow in the coming year, from ($0.42) to ($0.11) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of EMCORE is -2.71, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of EMCORE is -2.71, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
EMCORE has a P/B Ratio of 1.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.53 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Semiconductors & related devices

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:EMKR

Previous Symbol

CUSIPN/A

CIK808326

Webwww.emcore.com

Phone626-293-3400

Debt

Debt-to-Equity RatioN/A

Current Ratio3.40

Quick Ratio2.32

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$87.26 million

Price / Sales1.02

Cash FlowN/A

Price / Cash FlowN/A

Book Value$2.67 per share

Price / Book1.14

Profitability

EPS (Most Recent Fiscal Year)($0.71)

Net Income$-35,980,000.00

Net Margins-35.04%

Return on Equity-26.92%

Return on Assets-18.75%

Miscellaneous

EmployeesN/A

Outstanding Shares29,370,000

Market Cap$89.28 million

Next Earnings Date8/13/2020 (Estimated)

OptionableOptionable

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EMCORE (NASDAQ:EMKR) Frequently Asked Questions

How has EMCORE's stock been impacted by COVID-19 (Coronavirus)?

EMCORE's stock was trading at $2.35 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, EMKR shares have increased by 29.4% and is now trading at $3.04. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of EMCORE?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EMCORE in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for EMCORE.

When is EMCORE's next earnings date?

EMCORE is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for EMCORE.

How were EMCORE's earnings last quarter?

EMCORE Co. (NASDAQ:EMKR) announced its quarterly earnings results on Wednesday, May, 6th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by $0.03. The semiconductor company earned $23.85 million during the quarter, compared to analyst estimates of $23.37 million. EMCORE had a negative net margin of 35.04% and a negative return on equity of 26.92%. View EMCORE's earnings history.

What guidance has EMCORE issued on next quarter's earnings?

EMCORE updated its third quarter 2020 After-Hours earnings guidance on Wednesday, May, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $25-27 million, compared to the consensus revenue estimate of $25.35 million.

What price target have analysts set for EMKR?

3 analysts have issued 1 year price targets for EMCORE's shares. Their forecasts range from $4.70 to $5.00. On average, they anticipate EMCORE's share price to reach $4.90 in the next twelve months. This suggests a possible upside of 61.2% from the stock's current price. View analysts' price targets for EMCORE.

What are Wall Street analysts saying about EMCORE stock?

Here are some recent quotes from research analysts about EMCORE stock:

1. According to Zacks Investment Research, "EMCORE Corporation offers a broad portfolio of compound semiconductor- based products for the broadband, fiber optic, satellite and terrestrial solar power markets. EMCORE's Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television and fiber-to-the-premises. EMCORE's Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high efficiency Gallium Arsenide solar cells, Covered Interconnect Cells and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar power concentrator systems. " (4/10/2020)
2. Northland Securities analysts commented, "We reiterate our OP rating and $6 PT. Key Points EMKR guided the acquisition to be accretive by the end of the corporate average and an end market focus on tactical defense navigation with a similar base of customers (Raytheon, Lockheed) as well as emerging commercial aviation exposure (Boeing 777X). SDI is based in Concord, CA with 140 employees half of whom are engaged in manufacturing in the company’s owned 100,000 sq foot facility valued at an estimated $13.5M by EMKR." (6/10/2019)

Has EMCORE been receiving favorable news coverage?

News stories about EMKR stock have trended somewhat positive recently, InfoTrie reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. EMCORE earned a coverage optimism score of 1.0 on InfoTrie's scale. They also gave headlines about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutEMCORE.

Are investors shorting EMCORE?

EMCORE saw a decline in short interest in April. As of April 30th, there was short interest totaling 94,800 shares, a decline of 14.2% from the April 15th total of 110,500 shares. Based on an average trading volume of 107,000 shares, the short-interest ratio is presently 0.9 days. Currently, 0.4% of the shares of the stock are sold short. View EMCORE's Current Options Chain.

Who are some of EMCORE's key competitors?

Some companies that are related to EMCORE include NVE (NVEC), Alpha and Omega Semiconductor (AOSL), AXT (AXTI), Applied Optoelectronics (AAOI), GSI Technology (GSIT), Atomera (ATOM), Pixelworks (PXLW), Sequans Communications (SQNS), Resonant (RESN), Everspin Technologies (MRAM), POET Technologies (POETF), Kopin (KOPN), LightPath Technologies (LPTH), Intermolecular (IMI) and Envision Solar International (EVSI). View all competitors.

What other stocks do shareholders of EMCORE own?

Based on aggregate information from My MarketBeat watchlists, some companies that other EMCORE investors own include Advanced Micro Devices (AMD), AT&T (T), NovaBay Pharmaceuticals (NBY), NovaBay Pharmaceuticals (NBY), Nokia Oyj (NOK), NVIDIA (NVDA), QUALCOMM (QCOM), AbbVie (ABBV), Corbus Pharmaceuticals (CRBP) and Inovio Pharmaceuticals (INO).

Who are EMCORE's key executives?

EMCORE's management team includes the following people:

Mr. Jeffrey S. Rittichier, CEO, Pres & Director (Age 59)
Mr. Albert Lu, Sr. VP of Engineering (Age 42)
Mr. Mark A. Gordon, Interim Principal Financial & Accounting Officer (Age 56)
Mr. Iain Black, Sr. VP of Operations (Age 54)
Mr. Hank Blauvelt, Chief Technology Officer

What is EMCORE's stock symbol?

EMCORE trades on the NASDAQ under the ticker symbol "EMKR."

Who are EMCORE's major shareholders?

EMCORE's stock is owned by a variety of retail and institutional investors. Top institutional investors include Needham Investment Management LLC (2.55%), Geode Capital Management LLC (0.66%), Adirondack Research & Management Inc. (0.39%), Argent Wealth Management LLC (0.31%), Wells Fargo & Company MN (0.14%) and Russell Investments Group Ltd. (0.13%). View institutional ownership trends for EMCORE.

Which institutional investors are selling EMCORE stock?

EMKR stock was sold by a variety of institutional investors in the last quarter, including Alambic Investment Management L.P.. View insider buying and selling activity for EMCORE.

Which institutional investors are buying EMCORE stock?

EMKR stock was purchased by a variety of institutional investors in the last quarter, including Needham Investment Management LLC, Adirondack Research & Management Inc., Argent Wealth Management LLC, Altium Wealth Management LLC, Wells Fargo & Company MN, Geode Capital Management LLC, Spark Investment Management LLC, and Russell Investments Group Ltd.. View insider buying and selling activity for EMCORE.

How do I buy shares of EMCORE?

Shares of EMKR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is EMCORE's stock price today?

One share of EMKR stock can currently be purchased for approximately $3.04.

How big of a company is EMCORE?

EMCORE has a market capitalization of $89.28 million and generates $87.26 million in revenue each year. The semiconductor company earns $-35,980,000.00 in net income (profit) each year or ($0.71) on an earnings per share basis.

What is EMCORE's official website?

The official website for EMCORE is www.emcore.com.

How can I contact EMCORE?

EMCORE's mailing address is 2015 W. Chestnut Street, Alhambra CA, 91803. The semiconductor company can be reached via phone at 626-293-3400 or via email at [email protected]

This page was last updated on 6/1/2020 by MarketBeat.com Staff