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EMCORE Corporation

EMCORE Corporation (EMKR)

2.74
-0.12
(-4.20%)
Closed April 15 4:00PM
2.74
0.00
( 0.00% )
Pre Market: 4:00AM

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Key stats and details

Current Price
2.74
Bid
2.50
Ask
2.87
Volume
9
0.00 Day's Range 0.00
2.53 52 Week Range 11.499
Market Cap
Previous Close
2.74
Open
-
Last Trade
1
@
3.06
Last Trade Time
04:26:35
Financial Volume
-
VWAP
-
Average Volume (3m)
800,958
Shares Outstanding
77,320,280
Dividend Yield
-
PE Ratio
-2.81
Earnings Per Share (EPS)
-0.97
Revenue
97.72M
Net Profit
-75.36M

About EMCORE Corporation

EMCORE Corp is engaged in the manufacturing of sensors, lasers, and optical subsystems. The company operates in two segments: Aerospace & Defense and Broadband. It's Aerospace & Defense segment comprises of two product lines that are Navigation & Inertial Sensing and Defense Optoelectronic. The broa... EMCORE Corp is engaged in the manufacturing of sensors, lasers, and optical subsystems. The company operates in two segments: Aerospace & Defense and Broadband. It's Aerospace & Defense segment comprises of two product lines that are Navigation & Inertial Sensing and Defense Optoelectronic. The broadband segment includes CATV Lasers & Transmitters, Chip Devices, and Other products. The company operates in four geographical segments that include the United States and Canada, which is the key revenue generator; Asia; Europe; and Other. Show more

Sector
Semiconductor,related Device
Industry
Semiconductor,related Device
Website
Headquarters
Alhambra, California, USA
Founded
1970
EMCORE Corporation is listed in the Semiconductor,related Device sector of the NASDAQ with ticker EMKR. The last closing price for EMCORE was $2.74. Over the last year, EMCORE shares have traded in a share price range of $ 2.53 to $ 11.499.

EMCORE currently has 77,320,280 shares outstanding. The market capitalization of EMCORE is $211.86 million. EMCORE has a price to earnings ratio (PE ratio) of -2.81.

EMKR Latest News

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.48-14.90683229813.223.33392.532236672.87588983CS
4-1.16-29.74358974363.94.108752.533629953.46688929CS
12-3.28-54.48504983396.027.22.538009584.47381624CS
26-1.86-40.43478260874.67.22.535764124.50767191CS
52-7.86-74.150943396210.611.4992.534783955.48979562CS
156-58.06-95.493421052660.8108.72.5344206432.90881221CS
260-38.26-93.317073170741108.72.5333568136.47665195CS

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EMKR Discussion

View Posts
Monksdream Monksdream 1 week ago
EMKR under $4
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TrendTrade2016 TrendTrade2016 2 weeks ago
EMKR...READY TO RUMBLE TO 4.50
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TrendTrade2016 TrendTrade2016 2 weeks ago
EMKR...POST SPLIT SEMI CLOSE TO POPPIN!!!
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Renee Renee 3 weeks ago
EMKR: effective April 2,2024 a one for 10 reverse split:

https://hedgefollow.com/upcoming-stock-splits.php
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steveVA007 steveVA007 2 months ago
https://fullratio.com/stocks/nasdaq-emkr/emcore

This report states that book value of the stock is $1.48 per share. At the current price, this is a no-brainer buy. There will always be a strong demand for their products, as long as The Pentagon remains in business.
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barnyarddog barnyarddog 4 months ago
April 21, 2023 Emcore to lay off more than 20% of its workforce, shutdown its broadband business

https://www.marketwatch.com/story/emcore-to-lay-off-more-than-20-of-its-workforce-shutdown-its-broadband-business-795ac3ce
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Monksdream Monksdream 6 months ago
EMKR new 52 week low
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Monksdream Monksdream 8 months ago
EMKR new 52 week low
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Mt. Blanc Mt. Blanc 1 year ago
EMKR. $1.50- $1.80

Slow progression up the charts while few are looking.

mb
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Mt. Blanc Mt. Blanc 1 year ago
EMKR gets new buy recs. $1.50 now.

mb
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Mt. Blanc Mt. Blanc 1 year ago
EMKR waking up soon?

mb
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TrendTrade2016 TrendTrade2016 3 years ago
EMKR consolidation...watch what happens next!
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TrendTrade2016 TrendTrade2016 3 years ago
EMKR there she goes...she's mad now...I warned ya not to try and hold here back!!!
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TrendTrade2016 TrendTrade2016 3 years ago
EMKR this monster ready to break free from here chains
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TrendTrade2016 TrendTrade2016 3 years ago
EMKR next semi-monster to beast through the streets!!
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realtorwsm realtorwsm 7 years ago
Left this stock in '07 or '08..if I had stayed put I'd probably have $20-$25k by now. Of course I'm in mxsg now and who knows...I might stand to gain $2-$3mil (pour results; in next couple of weeks) but who's counting?
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r clarke r clarke 7 years ago
Might have some upside, or it may slide down where Fair Value
indicates market $6.30 ?


I dont picture stock going much higher soon.
Do you have a catalyst in mind that might send it higher?

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stocktrademan stocktrademan 7 years ago
EMKR bullish 9.025






normal chart




log chart



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ValueInvestor15 ValueInvestor15 7 years ago
EMKR maybe trading at a 25% discount to Fair Value before earnings

Fair Value Analysis
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stocktrademan stocktrademan 8 years ago
EMKR bullish 5.21



normal chart


log chart

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stocktrademan stocktrademan 8 years ago
EMKR bullish 5.09

nasdaq stocks $1-10 with volume > 100,000



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ShotMaker ShotMaker 8 years ago
This is moving pretty nice, after paying a sweet dividend! Solid investment with good long term prospects in my opinion.
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bee500 bee500 8 years ago
Yeah so tom we open a 1.50 down?
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shotgun shotgun 8 years ago
yeah, I got my special dividend today...nice surprise because I do not even follow this stock
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bee500 bee500 8 years ago
Yes I do think long term it's a solid company from what I've seen. Hoping they have a good earnings next week after receiving that big contract a month ago.
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ShotMaker ShotMaker 8 years ago
Usually I get it the day after the pay date. Which is tomorrow. I think the long term prospects are good here,...don't you??
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bee500 bee500 8 years ago
You got yours already?
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ShotMaker ShotMaker 8 years ago
Nice dividend payment today! Good luck to all who invest here.
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ShotMaker ShotMaker 8 years ago
Quiet board! Anyone else on here?
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ShotMaker ShotMaker 8 years ago
That is correct; it will drop $1.50 on the ex-date. But...usually within a reasonable period of time, most stocks will gain that adjustment back. The price isn't being dropped because of bad earnings or revenues.

In terms of valuation the company fundamentals are basically the same. Which is why, most of the time...most stocks will gain the ex-date price adjustment back. Especially if we are in a bull market. All of this is my opinion. Evaluate the situation for yourself on the basis of it's own merits.

Good luck...
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chmcnfunds chmcnfunds 8 years ago
So according to this site the pps will drop $1.50 on the ex-date:

Quote:

______________________________________________

DIVIDEND UNIVERSITY
Share
Everything Investors Need to Know About Special Dividends
Jared CummansOct 14, 2014
Special dividends are one-time cash payouts to shareholders (sometimes referred to as special cash dividends). Sometimes, when a company has extra cash on the books, rather than reinvest it back into the company, it will pay it out to shareholders on a one-off basis.
Background on Special Dividends
Special dividend payments
Special dividends are also known as one-time dividends. These payouts are made to shareholders and declared to be separate from regular dividends. They are typically one-off events and are thus not factored into a stock’s dividend yield.
These one-time dividends have become increasingly popular even among companies that do not pay a regular dividend. In tough economics times, as been the case since after The Great Recession, companies are looking to do something with excess capital. Instead of trying to expand their operations with risky capital investments, they are instead choosing to distribute the profits to shareholders. Complete your investing knowledge; check out Everything Investors Need to Know About Ex-Dividend Dates.
When Are They Paid?
A company will usually pay out a special dividend after strong earnings as a way to reward long-term investors. However, there are times when special dividends are paid out when a company is trying to make changes to its financial structure. For instance, Iron Mountain (IRM ) announced that it would pay out a special dividend amid plans to convert to a Real Estate Investment Trust. Either way, special dividend announcements are typically made in advance of any kind of pay out.
These payouts are often quite large, usually much larger than normal dividend payouts. They can reach prices that represent 30% of a stock’s current price (i.e. a $10 stock may pay out a $3 special dividend) — or even more. This is great for current shareholders. However, it is impossible to predict when a company will payout a special dividend. There are no set schedules or warnings signs that a one time dividend will be coming. If you own the stock and it decides to pay, great; that is an added benefit of being a shareholder. Before you get further into investing, check out 40 Things Every Dividend Investor Should Know About Dividend Investing.
More on Large Special Dividends
Cash dividend payouts
As stated above, sometimes special cash dividends make up a large percentage of a stock’s price. Many times this means that these large special dividends are applied with certain rules that differentiate them from normal dividends. The biggest difference concerning special dividend stocks is that the ex-dividend (for special payouts) comes after the record and pay date, not before (like is the case with regular dividends or smaller special dividends).
This difference occurs because on the ex-dividend date the stock exchange adjusts the stock price to account for the dividend to be paid out. If this same procedure were to happen in the case for a large dividend, say 25% of the stock price or more, then this might signal a huge drop in share price that could affect many traders and investors.
Rather than deal with these headaches, the stock exchanges apply a special rule to deal with these large one-time dividends. The exchanges (not the companies) set an ex-dividend after the record and pay date. Now, you may be wondering how some might receive their dividend if it is paid before the ex-dividend date (the date on which owners of a stock have the right to receive the dividend). To get around this obstacle, the stocks bought or sold in the period from the record date to the ex-dividend date (the due bill period) are tagged with something called a “due bill.”
The due bill documents are a contract that lays out a stock seller’s obligation to deliver the dividend to the stock buyer. For example, let’s say company XYZ is offering a special dividend that is worth 30% of the current share price. This dividend is tagged with a record date of March 1, a pay date of March 15, and an ex-dividend date of March 18. If an owner of stock from XYZ holds the asset through March 15, he would receive the dividend paid at that point. However, if he were to sell that stock on March 17, then the new owner of the asset on the ex-dividend date of March 18 would have the right to the dividend that the original owner has already pocketed. Therefore, the due bill attached to the stock is a promissory note mandating that the original owner passes on the dividend to the new owner.
Date Dividend Event
March 1 Record Date
March 15 Pay Date
March 18 Ex-Dividend Date
Special Dividend Payout Example
This process is a bit complicated, but it is in place so that a stock’s value is not unfairly compromised in a manner that might impact margin calls or other trading transactions. However, this 25% or more rule is a general rule, not a strict one. Many times foreign dividend paying stocks are not held accountable to this stipulation by the stock exchanges. Moreover, some domestic shares are granted an exclusion from this process. It would benefit investors if the criteria to determine which stocks are subject to these rules were made public, but currently the factors FINRA uses to make this call are determined on a case-by-case basis.
Investing Strategies
Investors might be tempted to trade around, or “capture,” special dividends to take advantage of the high yields. However, the stock exchanges set complicated dividend dates in order to prevent traders from trying to take advantage of the dividend system. And as with all dividend payouts, the stock price will be negatively adjusted on the ex-dividend date to reflect the upcoming payout. Special dividends are strictly to reward long-term shareholders.
_________________________________________________

http://www.dividend.com/dividend-education/special-dividends-everything-investors-need-to-know/

EMKR
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chmcnfunds chmcnfunds 8 years ago
Not sure you are correct. Check out:

Quote:

____________________________________________________

Why All These Dates?
Ex-dividend dates are used to make sure dividend checks go to the right people. In today's market, settlement of stocks is a T+3 process, which means that when you buy a stock, it takes three days from the transaction date (T) for the change to be entered into the company's record books.

As mentioned, if you are not in the company's record books on the date of record, you won't receive the dividend payment. To ensure that you are in the record books, you need to buy the stock at least three business days before the date of record, which also happens to be the day before the ex-dividend date.

exdiv.gif (check article for chart)

Copyright © 2016 Investopedia.com
As you can see by the diagram above, if you buy on the ex-dividend date (Tuesday), which is only two business days before the date of record, you will not receive the dividend because your name will not appear in the company's record books until Friday. If you want to buy the stock and receive the dividend, you need to buy it on Monday. (When the stock is trading with the dividend the term cum dividend is used). But, if you want to sell the stock and still receive the dividend, you need to sell on or after Tuesday the 6th.

*Note: Different rules apply if the dividend is 25% or greater of the value of the security. In this case, the Financial Industry Regulatory Authority (FINRA) indicates that the ex-date is the first business day following the payable date. For further details on dividend issues, look at FINRA's website.

Read more: Dissecting Declarations, Ex-Dividends And Record Dates | Investopedia http://www.investopedia.com/articles/02/110802.asp#ixzz4EOjsJfK5

According to the company:

The record date is 7/18/2016 so I believe today is the last date to buy. The payable date is 7/29/2016 and the ex-date is 8/1/2016. So I believe you need to buy today to be on record and hold through 8/1/2016 to get the dividend. The shares should not be adjusted until 8/1/2016 if then. I'm not sure and checking if there is a down adjustment since it is a special dividend.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123753776

EMKR
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ShotMaker ShotMaker 8 years ago
I am hoping for nice up day tomorrow. That is the last day investors can get in, and still get the divy. Monday the price will be adjusted down for the dividend. I still like it a lot, and I believe the price will rebound after the adjustment. Won't happen over night, but it will come back IMO. Do your own DD.
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chmcnfunds chmcnfunds 8 years ago
Vol dropped significantly so far today. 1/2 was the ~34,000 share gift @ $6.36 at opening:



EMKR
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chmcnfunds chmcnfunds 8 years ago
Seems to me to be a great deal. Can't understand why ~582,000 shares sold (and bought) yesterday -- over double the typical average. Why sell so close to the record date? See some covering their shorts and some taking profit, but why are the institutions letting the divy go, especially given EMCORE's long range prospects seem so good. Even if drops after the record date can't see it dropping more than the realized dividend.

Hard to find info since so few folks follow this stock. What am I missing?

I'm going for more on any dip and bid sit the next few days.

EMKR
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ShotMaker ShotMaker 8 years ago
The more I hear about this, I think it is a real sleeper! Should do well long term.
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chmcnfunds chmcnfunds 8 years ago
Analyst Favorites With Strong Buyback Activity: EMCORE Ranks As a Top Pick

By The Online Investor Staff, Tuesday, July 12, 1:27 PM ET

A study of analyst recommendations at the major brokerages shows that EMCORE Corp. (NASDAQ:EMKR) is the #5 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. To make that list, a stock must have repurchased at least 5% of its outstanding shares over the trailing twelve month period. In forming the rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the list of stocks with strong buyback activity was ranked according to those averages.

Investors are often keenly interested in knowing which companies are buying back their own stock, because companies often will only make such a move if they feel their stock is undervalued. EMCORE Corp. is a company with strong buyback activity that is also considered a compelling buy by analysts; a bullish investor could take this to mean that sharp analyst minds came to the same bullish conclusion as the company itself that the stock is a good value, and therefore the stock should do well in the future.

Analysts studying companies buying back their own stock will also factor into their analysis that future earnings will now be spread over a smaller share count, thereby increasing the per-share earnings the remaining shares will enjoy, versus what that same number would have been absent the stock buyback activity.

EMKR operates in the Semiconductors sector, among companies like Intel Corp (INTC) which is up about 1% today, and Taiwan Semiconductor Manufacturing Co., Ltd. (TSM) trading lower by about 1%. Below is a three month price history chart comparing the stock performance of EMKR, versus INTC and TSM.

EMKR,INTC,TSM Relative Performance Chart

(chart omitted)

EMKR is currently trading up about 1.3% midday Tuesday.
_____________________________________________

http://www.theonlineinvestor.com/article/201607/analyst-favorites-with-strong-buyback-activity-emcore-ranks-as-a-top-pick-MKR07122016bbdarling.htm/?utm_medium=twitter&utm_source=twitterfeed

EMKR
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chmcnfunds chmcnfunds 8 years ago
EMCORE Awarded its Largest Contract to Supply Fiber Optic Gyroscopes for Airborne Navigation Systems Applications

The Contract is Valued at $3 Million

ALHAMBRA, Calif., July 12, 2016 (GLOBE NEWSWIRE) --

EMCORE Corporation (NASDAQ:EMKR), a leading provider of Indium Phosphide (InP) optical chips, components, subsystems and systems for the broadband and specialty fiber optics market, announced today that it has been awarded a $3 million contract to supply Fiber Optic Gyroscope (FOG) modules to a major U.S. prime contractor for use in airborne navigation systems applications. The contract is for FOG modules based on EMCORE's EMP series that are expected to be shipped this year with the potential for additional FOG shipments totaling $15 million over a five-year period.


EMCORE's FOG modules feature advanced integrated optics and closed-loop Digital Signal Processing (DSP) electronics to deliver higher accuracy, lower noise, greater efficiency, improved drift stability and higher linearity than competing technologies. They leverage our core Mixed-Signal technology with both analog and digital circuits combined on multiple chips, or even a single chip. Mixed-Signal technology is at the heart of all EMCORE products and requires a specialized expertise which is unique in the optics industry.

EMCORE FOGs are designed to operate over a broad distance range with a typical bias drift from .05 to .01 degrees per hour. Bias drift is an important measure of accuracy and precision of the FOG, with lower bias models delivering higher performance overall. These performance specifications are ideal for demanding airborne navigation systems applications. EMCORE's FOG technology also has broad application for land-based and maritime navigation systems.

"With the advancements in integrated optical packaging and rate sensor technology in our latest generation of FOGs, EMCORE has been able to achieve noise values that are two-times lower than the traditional implementation of FOG technology," said Dr. K.K. Wong
, Director of Fiber Optic Gyro Products for EMCORE. "This provides us a price-performance advantage that has enabled us to achieve deeper penetration into the market for airborne navigation and aeronautic systems applications," added Dr. Wong.


"This is a very important contract award for our navigation sensor business," commented Jeffrey Rittichier
, EMCORE's President and CEO. "This is an important validation of our Mixed-Signal optics strategy, and an application where we expect to see significant growth potential over the next several years. We are extremely pleased to win this contract, and to supply our FOG modules in volume to one of our most valued customers."

About EMCORE

EMCORE Corporation designs and manufactures Indium Phosphide (InP) optical chips, components, subsystems and systems for the broadband and specialty fiber optics market. EMCORE was the pioneer in linear fiber optic transmission technology, and today is a leader in optical components, as well as a provider of complete end-to-end solutions for high-speed communications network infrastructures, enabling systems and service providers to meet growing demand for bandwidth and connectivity. EMCORE's advanced optical technologies are designed for cable television (CATV) and fiber-to-the-premise (FTTP) networks, telecommunications and data centers, satellite communications, aerospace and defense, wireless networks, and broadcast and professional audio/video systems. With its world-class InP semiconductor wafer fabrication facility, EMCORE has fully vertically-integrated manufacturing capability and also provides contract design, foundry and component packaging services. EMCORE is headquartered in Alhambra, California, USA with InP wafer fabrication operations in Alhambra, and ISO 9001 certified manufacturing in Alhambra and Langfang, China. For further information, please visit http://www.emcore.com.

Forward-looking statements:

The information provided herein may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include statements regarding EMCORE's plans, strategies, business prospects, growth opportunities, changes and trends in our business and expansion into new markets. These forward-looking statements are based on management's current expectations, estimates, forecasts and projections about EMCORE and are subject to risks and uncertainties that could cause actual results and events to differ materially from those stated in the forward-looking statements, including without limitation, the following: (a) the rapidly evolving markets for EMCORE's products and uncertainty regarding the development of these markets; (b) EMCORE's historical dependence on sales to a limited number of customers and fluctuations in the mix of products and customers in any period; (c) delays and other difficulties in commercializing new products; (d) the failure of new products: (i) to perform as expected without material defects, (ii) to be manufactured at acceptable volumes, yields, and cost, (iii) to be qualified and accepted by our customers, and (iv) to successfully compete with products offered by our competitors; (e) uncertainties concerning the availability and cost of commodity materials and specialized product components that we do not make internally; (f) actions by competitors; and (g) other risks and uncertainties discussed under Item 1A - Risk Factors in our Annual Report on Form 10-K for the fiscal year ended September 30, 2015, as updated by our subsequent periodic reports. Forward-looking statements contained in this press release are made only as of the date hereof, and EMCORE undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

EMCORE CorporationGyo Shinozaki

Vice President of Marketing
(626) 293-3616
gshinozaki@emcore.com

Media
Joel Counter

Manager, Corporate Marketing Communications
(626) 999-7017
media@emcore.com

Investor

Erica Mannion

Sapphire Investor Relations, LLC
(617) 542-6180
investor@emcore.com


Source: EMCORE Corporation
___________________________________________________

http://www.nasdaq.com/press-release/emcore-awarded-its-largest-contract-to-supply-fiber-optic-gyroscopes-for-airborne-navigation-20160712-00637

EMKR
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chmcnfunds chmcnfunds 8 years ago
Emcore Corporation (NASDAQ:EMKR) Shorted Shares Decreased By 7.48%

by Staff Contributor — July 10, 2016

The stock of Emcore Corporation (NASDAQ:EMKR) registered a decrease of 7.48% in short interest. EMKR’s total short interest was 477,200 shares in July as published by FINRA. Its down 7.48% from 515,800 shares, reported previously. With 172,200 shares average volume, it will take short sellers 3 days to cover their EMKR’s short positions. The short interest to Emcore Corporation’s float is 1.99%. The stock increased 2.10% or $0.13 on July 8, hitting $6.31. EMCORE Corporation (NASDAQ:EMKR) has declined 17.95% since December 2, 2015 and is downtrending. It has underperformed by 20.37% the S&P500.

EMCORE Corporation is engaged in designing and manufacturing indium phosphide optical chips, components, subsystems and systems for the broadband and specialty fiber optics market. The company has a market cap of $168.17 million. The Firm focuses on linear fiber optic transmission technology. It has a 112.46 P/E ratio. The Firm operates through Fiber Optics segment.

The institutional sentiment decreased to 0.91 in 2016 Q1. Its down 0.38, from 1.29 in 2015Q4. The ratio worsened, as 13 funds sold all EMCORE Corporation shares owned while 33 reduced positions. 8 funds bought stakes while 34 increased positions. They now own 17.74 million shares or 12.67% less from 20.31 million shares in 2015Q4.

Kopp Investment Advisors Llc holds 2.04% of its portfolio in EMCORE Corporation for 747,970 shares. Paradigm Capital Management Inc Ny owns 611,963 shares or 0.36% of their US portfolio. Moreover, Millrace Asset Group Inc. has 0.27% invested in the company for 39,300 shares. The Pennsylvania-based Tfs Capital Llc has invested 0.23% in the stock. Polar Asset Management Partners Inc., a Ontario – Canada-based fund reported 1.01 million shares.

Out of 3 analysts covering Emcore (NASDAQ:EMKR), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Emcore has been the topic of 6 analyst reports since July 28, 2015 according to StockzIntelligence Inc.
______________________________________________

http://www.engelwooddaily.com/emcore-corporation-nasdaqemkr-shorted-shares-decreased-by-7-48/440016/

EMKR
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chmcnfunds chmcnfunds 8 years ago
Interesting info on company website. Looks like >100% shares held by tutes and mutual funds. Doesn't leave much room for retail!! Have never seen such detailed ownership summary as they present.

http://investor.emcore.com/ownership-profile.cfm

EMKR
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ShotMaker ShotMaker 8 years ago
I agree. I have invested as well. I think long term, this stock will do well. The divy is very nice! I have seen long term price projections in the 8 - 10 range. Not going to happen overnight, but if you are patient...an investor should do well with EMKR IMO. Do your own DD, and good luck!
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Tonyeight Tonyeight 8 years ago
very interesting days ahead $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
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chmcnfunds chmcnfunds 8 years ago
AH bid of $6.31 at $18K shares. Ask $6.40.

EMKR
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chmcnfunds chmcnfunds 8 years ago
Incredible divy. Holding my shares tight. Eager for more if it dips.

Pretty high short position:

Settlement Date Short Interest Avg Daily Share Volume Days To Cover
6/15/2016 477,224 172,163 2.771931

Read more: http://www.nasdaq.com/symbol/emkr/short-interest#ixzz4Dqme0BYZ

I'm guessing they will be covering next few days as they have the last two and then come next Thurs/Friday there will be some serious scrambling for shares.

Your take?

EMKR
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Penny Machine Penny Machine 8 years ago
If Stock was $10+ That's would still be a Large Divy
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chmcnfunds chmcnfunds 8 years ago
A bit more info from their website (important info about the ex-div date):

"QUESTIONS AND ANSWERS
Special Cash Dividend
(Updated July 7, 2016)
Preface
On July 6, 2016, EMCORE Corporation announced that its Board of Directors has declared a special cash
dividend of $1.50 per share of EMCORE common stock, payable July 29, 2016 to shareholders of record on
July 18, 2016. The aggregate dividend payment will total approximately $40 million based on the number of
shares of EMCORE common stock outstanding as of July 5, 2016.
Trading of EMCORE Common Stock
1. How will trading in EMCORE’s common stock be impacted by the dividend?
At $1.50 per share, the dividend declared by EMCORE’s Board of Directors represented approximately 26%
of EMCORE’s closing stock price on July 5, 2016. Pursuant to NASDAQ rules, when a dividend is declared
in a per share amount that exceeds 25% of a company’s stock price, the date on which that company’s shares
will begin to trade without the right to receive the dividend, or ex-dividend, is generally the first business day
following the payable date (rather than the second business day preceding the record date for cash distributions
representing less than 25% of the value of the common stock). NASDAQ has applied this rule and has
designated August 1, 2016, the first business day following the payable date for the dividend, as the exdividend
date. Shareholders who hold shares of EMCORE common stock at the close of business on the
record date will be entitled to receive the special cash dividend, but shares of EMCORE common stock will
trade with the entitlement to the dividend until the ex-dividend date. Therefore, if you own shares of
EMCORE common stock at the close of business on the record date and you sell those shares prior to
the ex-dividend date, you will not receive the special cash dividend.
Tax Treatment of Special Cash Dividend
1. What are the U.S. federal income tax consequences of the special cash dividend?
For U.S. federal income tax purposes, the distribution will be a dividend to the extent it is paid out of the
EMCORE’s current or accumulated earnings and profits, as determined under U.S. federal income tax
principles. Based on these rules, EMCORE currently estimates that 7% to 12% of the payment will be treated
as a dividend for tax purposes, with the balance treated as a nontaxable return of capital for U.S. federal
income tax purposes. This estimate is preliminary and subject to change based upon a comprehensive review
and analysis of EMCORE’s history as well as actual results for the entire 2016 taxable year.
An EMCORE shareholder’s tax basis in shares of EMCORE common stock will be reduced by the amount of
the distribution that is a return of capital. If the return of capital exceeds the shareholder’s tax basis in
EMCORE common stock, the remainder of the distribution in excess of the shareholder’s basis will be treated
as a capital gain. Shareholders are encouraged to consult their tax advisors to determine the tax treatment for
their particular shares.
- 2 -
2. Does a return of capital distribution receive similar tax treatment for state income tax purposes?
Generally, yes, unless the state tax law specifically diverges. Again, shareholders are encouraged to consult
their tax advisors for the tax treatment in their state."

(they have a 2 page discussion)

EMKR
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ShotMaker ShotMaker 8 years ago
You can't buy on the 18th and still get the dividend. You must buy the stock anytime before the 18th,...even as late as Friday July 15th, and still get the dividend.

If you buy on the 18th, you will not get the dividend. Good Luck.
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Penny Machine Penny Machine 8 years ago
Record Date July 18th, Pay Day July 29th $1.50 Special Dividend
http://finance.yahoo.com/news/emcore-issue-special-dividend-1-201000905.html
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chmcnfunds chmcnfunds 8 years ago
Already double 50 day average volume. Hard to understand why anyone would sell here given just a week from the ex-dividend day and $1.50/share. Would have to have a collapse in the market to not realize some gain unless folks figuring they will get shares cheaper.

EMKR
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chmcnfunds chmcnfunds 8 years ago
Back in @ $6.30. Got to believe this is a sure winner with the $1.50 / share special dividend.

_____________________________________________________-
EMCORE to Issue Special Dividend of $1.50 per share

Company completes return of approximately $85M to shareholders with special dividend

ALHAMBRA, Calif., July 06, 2016 (GLOBE NEWSWIRE) --
EMCORE Corporation (NASDAQ:EMKR), a leading provider of Indium Phosphide (InP) optical chips, components, subsystems and systems for the broadband and specialty fiber optics market, announced today that it has completed its strategic review and will distribute $1.50 per share via a special dividend payable on July 29, 2016 to shareholders of record as of July 18, 2016.


With this action, EMCORE's Board of Directors will have returned approximately $85M of cash to its shareholders since June 2015, representing approximately 50% of the cash received from operations sold in the prior fiscal year.

"The return of cash to shareholders will strongly improve the Return on Assets of the business by reducing our overall capitalization, while maintaining flexibility to invest in new market opportunities to accelerate earnings growth," says Jeffrey Rittichier
, President and CEO. "As previously stated, we're encouraged by the performance of our CATV and Fiber Optic Gyro businesses and see strong growth opportunities in these and other areas to continue improving our financial performance," added Rittichier.

"During my first year at EMCORE, we grew revenues 47% and improved gross margins 13 points from FY14 to FY15, positioning the company for profitable growth. Building on this progress, we returned $45M to shareholders in June 2015 and began executing a strategic re-alignment of the manufacturing operations to drive margins higher. With the core operations of the business on improved footing, in December 2015 the Board and management began a comprehensive strategic review to strike the right balance between returning assets to shareholders and investing in growth opportunities. During this review period, we actively worked to eliminate risks to our balance sheet posed by the Sumitomo arbitration and other lingering liabilities. Given the recent successful outcome of the Sumitomo arbitration and the completion of our strategic review, we are pleased to announce this return of capital to our shareholders," continued Rittichier.

As part of the strategic review process, the company evaluated its growth opportunities in existing and adjacent markets, analyzed its products, technologies and production capabilities, and concluded that it could fully leverage its core competency in Mixed-Signal Optics in both existing and new markets. As Mixed-Signal devices have both analog and digital circuits on multiple chips, or even a single chip, the value of these solutions are often far greater than traditional digital applications, and as a result require a specialized expertise which is unique in the optics industry.

"Given EMCORE's existing leadership in Mixed-SignalOptic products such as DOCSIS 3.1 transmission devices, and emerging position in new products such as Fiber Optic Gyros and 5G Distributed Antenna System components for wireless applications, it became clear there is an opportunity to leverage our core Mixed-Signal competencies to penetrate new markets. EMCORE is uniquely positioned as a supplier of advanced Mixed-Signal solutions given our design expertise and our captive wafer fabrication facility," continued Rittichier. "Mixed-Signal technology is at the heart of all of our products, and is shared between Fiber Optic Gyros (Sensor) and our CATV (Transmission) products alike. As a matter of fact, if one were to open up one of our Fiber Gyros, one would see a miniature communication link that requires the same technologies, chip designs and production assets as our CATV products, giving us the ability to leverage our high volume infrastructure against lower volume, higher value added product," concluded Rittichier.

The Company is currently in a quiet period until it reports its fiscal third quarter results at which time the Company will host its regularly scheduled quarterly conference call. For more information regarding the special cash dividend please visit the investors section of the Company's website at http://investor.emcore.com/downloads.cfm for a copy of the Question and Answer document.

About EMCORE

EMCORE Corporation designs and manufactures Indium Phosphide (InP) optical chips, components, subsystems and systems for the broadband and specialty fiber optics market. EMCORE was the pioneer in linear fiber optic transmission technology, and today is a leader in optical components, as well as a provider of complete end-to-end solutions for high-speed communications network infrastructures, enabling systems and service providers to meet growing demand for bandwidth and connectivity. EMCORE's advanced optical technologies are designed for cable television (CATV) and fiber-to-the-premise (FTTP) networks, telecommunications and data centers, satellite communications, aerospace and defense, wireless networks, and broadcast and professional audio/video systems. With its world-class InP semiconductor wafer fabrication facility, EMCORE has fully vertically-integrated manufacturing capability and also provides contract design, foundry and component packaging services. EMCORE is headquartered in Alhambra, California, USA with InP wafer fabrication operations in Alhambra, and ISO 9001 certified manufacturing in Alhambra and Langfang, China. For further information, please visit http://www.emcore.com.

Forward-looking statements:

The information provided herein may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, in particular, statements about our plans, strategies, business prospects, changes and trends in our business and expansion into new markets. These forward-looking statements are based on management's current expectations, estimates, forecasts and projections about EMCORE and are subject to risks and uncertainties that could cause actual results and events to differ materially from those stated in the forward-looking statements, including without limitation, the following: (a) the rapidly evolving markets for the Company's products and uncertainty regarding the development of these markets; (b) the Company's historical dependence on sales to a limited number of customers and fluctuations in the mix of products and customers in any period; (c) delays and other difficulties in commercializing new products; (d) the failure of new products: (i) to perform as expected without material defects, (ii) to be manufactured at acceptable volumes, yields, and cost, (iii) to be qualified and accepted by our customers, and (iv) to successfully compete with products offered by our competitors; (e) uncertainties concerning the availability and cost of commodity materials and specialized product components that we do not make internally; (f) actions by competitors; and (g) other risks and uncertainties discussed under Item 1A - Risk Factors in our Annual Report on Form 10-K for the fiscal year ended September 30, 2015, as updated by our subsequent periodic reports. Forward-looking statements contained in this press release are made only as of the date hereof, and EMCORE undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:
EMCORE CorporationJikun Kim

Chief Financial Officer
(626) 293-3400
investor@emcore.com

Media
Joel Counter

Manager, Corporate Marketing Communications
(626) 999-7017
media@emcore.com

Investors
Erica Mannion

Sapphire Investor Relations, LLC
(617) 542-6180
investor@emcore.com


Read more: http://www.nasdaq.com/press-release/emcore-to-issue-special-dividend-of-150-per-share-20160706-00870#ixzz4DjAiyeWJ
_________________________________________

EMKR
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