EMCORE Co. (NASDAQ:EMKR) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its stake in EMCORE Co. (NASDAQ:EMKR) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 158,658 shares of the semiconductor company’s stock after acquiring an additional 9,500 shares during the period. Renaissance Technologies LLC owned 1.75% of EMCORE worth $476,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new stake in EMCORE during the fourth quarter worth approximately $39,000. Virtu Financial LLC bought a new stake in shares of EMCORE in the 4th quarter worth $88,000. Geode Capital Management LLC lifted its holdings in shares of EMCORE by 18.3% in the fourth quarter. Geode Capital Management LLC now owns 77,410 shares of the semiconductor company’s stock valued at $232,000 after buying an additional 11,985 shares during the period. Finally, Gardner Lewis Asset Management L P bought a new position in EMCORE during the fourth quarter valued at about $1,758,000. 65.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of EMCORE in a report on Sunday, April 27th. They issued a “hold” rating for the company.

EMCORE Stock Performance

NASDAQ EMKR opened at $3.10 on Friday. EMCORE Co. has a 1 year low of $0.78 and a 1 year high of $3.17. The business’s fifty day moving average is $3.10 and its two-hundred day moving average is $2.95. The stock has a market capitalization of $28.15 million, a P/E ratio of -1.06 and a beta of 1.70.

EMCORE Company Profile

EMCORE Corporation, together with its subsidiaries, designs and manufactures fiber optic gyro, ring laser gyro, and micro electromechanical system-based inertial sensors and systems in the United States and internationally. It offers navigation system and inertial sensing products, such as gyroscopes and multi-axis sensors, inertial measurement units, fiber optic gyroscopes, quartz micro electromechanical systems, inertial navigation systems, tactical navigation, and naval and amphibious navigation, as well as radar positioning and pointing systems, and battlefield/artillery survey systems.