Geode Capital Management LLC Acquires 11,985 Shares of EMCORE Co. (NASDAQ:EMKR)

Geode Capital Management LLC boosted its holdings in EMCORE Co. (NASDAQ:EMKR) by 18.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,410 shares of the semiconductor company’s stock after purchasing an additional 11,985 shares during the quarter. Geode Capital Management LLC owned 0.85% of EMCORE worth $232,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Newbridge Financial Services Group Inc. bought a new stake in shares of EMCORE in the fourth quarter valued at approximately $39,000. Virtu Financial LLC bought a new position in EMCORE during the 4th quarter worth $88,000. Finally, Gardner Lewis Asset Management L P acquired a new position in EMCORE in the 4th quarter valued at $1,758,000. Institutional investors and hedge funds own 65.66% of the company’s stock.

EMCORE Trading Up 1.0 %

Shares of EMCORE stock opened at $3.10 on Friday. The company has a 50 day moving average of $3.10 and a 200-day moving average of $2.95. The company has a market cap of $28.15 million, a PE ratio of -1.06 and a beta of 1.70. EMCORE Co. has a 1-year low of $0.78 and a 1-year high of $3.17.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on EMCORE in a report on Sunday, April 27th. They set a “hold” rating on the stock.

EMCORE 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.