Kopp Investment Advisors Llc Reported increased Interest in EMCORE Corporation (NASDAQ:EMKR)
Kopp Investment Advisors Llc filed with SEC a SC 13D/A form about Emcore Corp. The form can be accessed here: 000089271215001135. As reported by Kopp Investment Advisors Llc, the filler increased its stake in the stock by 7.41% for 3,477,265 shares. Kopp Investment Advisors Llc currently owns 13.6% of the Information Technology- stock. This ownership filing was filed because activity on December 4, 2015.
The institutional investor with about $252.21 million looks more positive after reporting such an increase of its Emcore Corp ownership.
Reasons Why Kopp Investment Advisors Llc Holds EMCORE Corporation (NASDAQ:EMKR)
Item 4. Purpose of Transaction
The Reporting Persons acquired the shares of Common Stock for investment purposes, and the Reporting Persons intend to evaluate the performance of such securities as an investment in the ordinary course of business. The Reporting Persons pursue an investment objective of long-term capital appreciation. In pursuing this investment objective, the Reporting Persons analyze the management, operations and markets of companies in which they invest, including the Company, on a continual basis through analysis of research and discussions with industry and market observers and with representatives of such companies.
Each Reporting Person that owns shares of Common Stock assesses the Company’s business, financial condition, and results of operations as well as economic conditions and securities markets in general and those for the Company’s shares in particular. Depending on such assessments, one or more of such Reporting Persons may acquire additional shares or may sell or otherwise dispose of all or some of the shares of Common Stock. Such actions will depend on a variety of factors, including current and anticipated trading prices for Common Stock, alternative investment opportunities, and general economic, financial market and industry conditions.
Except as described in this Item 4, none of the Reporting Persons nor any other person named in Schedule A has any plans or proposals that relate to, or would result in, any matter required to be disclosed in response to paragraphs (a) through (j), inclusive, of Item 4 of Schedule 13D. The shares of Common Stock were not acquired for the purpose, nor with the effect, of changing or influencing the control of the Company. The Reporting Persons are filing this Statement on Schedule 13D, as opposed to Schedule 13G, due to the fact that the shares of Common Stock that may be deemed to be beneficially owned by Mr. Kopp directly and indirectly (other than through KIA) exceed 1% of the shares of Common Stock outstanding. Neither any of the Reporting Persons nor any client or shareholder thereof is a member of a “group” for any purpose.
Emcore Corp Institutional Sentiment
Latest Security and Exchange filings show 96 investors own Emcore Corp. The institutional ownership in Q3 2015 is high, at 94.60% of the outstanding shares. This is increased by 5288550 the total institutional shares. 24178880 were the shares owned by these institutional investors. In total 24 funds opened new Emcore Corp stakes, 35 increased stakes. There were 10 that closed positions and 27 reduced them.
Equitec Proprietary Markets Llc is an institutional investor bullish on Emcore Corp, owning 100 shares as of Q3 2015 for less than 0.01% of its portfolio. Kempner Capital Management Inc owns 12500 shares or 0.05% of its portfolio. CA Eam Investors Llc have 0.49% of their stock portfolio for 454950 shares. Further, G2 Investment Partners Management Llc reported stake worth 0.06% of its US stock portfolio. The MN Kopp Investment Advisors Llc owns 3234723 shares. Emcore Corp is 11.83% of the manager’s US portfolio.
EMCORE Corporation (EMCORE) offers a portfolio of compound semiconductor-based products for the broadband, fiber optics, space and solar power markets. The Company operates in two segments: Fiber Optics and Photovoltaics. EMCORE’s Fiber Optics segment offers optical components, subsystems and systems for high-speed data and telecommunications, cable television (CATV) and fiber-to-the-premises (FTTP) networks as well as products for satellite communications, video transport and specialty photonics technologies for defense and homeland security applications. The Company’s Photovoltaics segment provides products for space power applications, including multi-junction solar cells, coverglass interconnected cells, and complete satellite solar panels; and terrestrial applications, such as GaAs solar cells for concentration photovoltaic power systems.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Kopp Investment Advisors Llc website.
The institutional sentiment decreased to 1.59 in Q3 2015. Its down 0.73, from 2.32 in 2015Q2. The ratio dived, as 10 funds sold all EMCORE Corporation shares owned while 27 reduced positions. 24 funds bought stakes while 35 increased positions. They now own 24.18 million shares or 28.00% more from 18.89 million shares in 2015Q2.
Kopp Investment Advisors Llc holds 11.83% of its portfolio in EMCORE Corporation for 3.23 million shares. Eam Investors Llc owns 454,950 shares or 0.49% of their US portfolio. Moreover, Timpani Capital Management Llc has 0.27% invested in the company for 100,000 shares. The Ontario - Canada-based Polar Asset Management Partners Inc. has invested 0.25% in the stock. Paradigm Capital Management Inc Ny, a New York-based fund reported 286,563 shares.
Since June 23, 2015, the stock had 0 buys, and 4 sales for $7.18 million net activity. Bogomolny Robert sold 17,787 shares worth $126,341. Becker Steven R sold 137,972 shares worth $954,793. Becker Drapkin Management - L.P. sold 382,934 shares worth $2.82M.
The stock decreased 3.54% or $0.25 during the last trading session, hitting $6.82. About 213,286 shares traded hands. EMCORE Corporation (NASDAQ:EMKR) has risen 19.22% since May 8, 2015 and is uptrending. It has outperformed by 22.24% the S&P500.
Out of 2 analysts covering Emcore (NASDAQ:EMKR), 2 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $11 is the highest target while $9.25 is the lowest. The $10.13 average target is 48.53% above today’s ($6.82) stock price. Emcore was the topic in 4 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Northland Capital maintained the stock on December 9 with “Outperform” rating.
More recent EMCORE Corporation (NASDAQ:EMKR) news were published by: Businesswire.com which released: “EMCORE Corporation (Opticomm-EMCORE) to Exhibit at IBC2015, Booth 5.B21” on September 09, 2015. Also Globenewswire.com published the news titled: “EMCORE Corporation Announces New Chief Executive Officer” on December 11, 2014. Globenewswire.com‘s news article titled: “EMCORE Corporation Announces Preliminary Results of Its Modified Dutch Auction …” with publication date: June 16, 2015 was also an interesting one.
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.” Get a free copy of the Zacks research report on EMCORE Corporation (EMKR).
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