Tudor Investment Corp Et Al Has $130,000 Stock Position in EMCORE Co. (NASDAQ:EMKR)

Tudor Investment Corp Et Al grew its holdings in shares of EMCORE Co. (NASDAQ:EMKR – Get Rating) by 245.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,791 shares of the semiconductor company’s stock after buying an additional 55,248 shares during the quarter. Tudor Investment Corp Et Al owned 0.21% of EMCORE worth $130,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. KB Financial Partners LLC grew its holdings in shares of EMCORE by 48.6% during the first quarter. KB Financial Partners LLC now owns 59,023 shares of the semiconductor company’s stock valued at $218,000 after buying an additional 19,315 shares during the last quarter. UBS Group AG boosted its holdings in EMCORE by 253.7% during the first quarter. UBS Group AG now owns 55,878 shares of the semiconductor company’s stock worth $206,000 after purchasing an additional 40,082 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in EMCORE by 16.1% during the first quarter. BNP Paribas Arbitrage SA now owns 26,615 shares of the semiconductor company’s stock worth $98,000 after purchasing an additional 3,688 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in EMCORE by 25.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 23,515 shares of the semiconductor company’s stock worth $87,000 after purchasing an additional 4,750 shares during the last quarter. Finally, Mirabella Financial Services LLP purchased a new position in EMCORE during the first quarter worth about $64,000. 54.89% of the stock is currently owned by institutional investors and hedge funds.

EMCORE Stock Down 2.5 %

EMKR opened at $1.16 on Friday. The company has a quick ratio of 1.68, a current ratio of 2.94 and a debt-to-equity ratio of 0.11. The stock has a market cap of $44.16 million, a price-to-earnings ratio of -1.14 and a beta of 1.39. EMCORE Co. has a twelve month low of $0.86 and a twelve month high of $3.92. The company’s 50-day moving average price is $1.24 and its two-hundred day moving average price is $1.50.

EMCORE (NASDAQ:EMKR – Get Rating) last released its earnings results on Tuesday, December 20th. The semiconductor company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.12). EMCORE had a negative net margin of 35.93% and a negative return on equity of 25.46%. The company had revenue of $25.57 million during the quarter, compared to analysts’ expectations of $25.00 million. As a group, equities analysts expect that EMCORE Co. will post -0.86 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on EMKR. StockNews.com cut shares of EMCORE from a “hold” rating to a “sell” rating in a report on Friday, December 16th. Northland Securities upgraded shares of EMCORE from a “market perform” rating to an “outperform” rating and set a $2.50 price target on the stock in a report on Thursday, February 9th. Finally, Lake Street Capital upgraded shares of EMCORE from a “hold” rating to a “buy” rating and dropped their target price for the company from $3.50 to $2.50 in a research note on Thursday, February 9th.

EMCORE Company Profile

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EMCORE Corp. engages in the manufacture and provision of mixed-signal optics products. It operates through the Aerospace and Defense segment and Broadband segment. The Aerospace and Defense segment produces navigation and inertial sensing products, and defense optoelectronics. The Broadband segment manufactures community antenna television (CATV) lasers and transmitters, chip devices, and other optical products.