April 21, 2023 Emcore to lay off more than 20% of its workforce, shutdown its broadband business
EMKR waking up soon?
EMKR consolidation...watch what happens next!
EMKR there she goes...she's mad now...I warned ya not to try and hold here back!!!
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?
Yeah so tom we open a 1.50 down?
yeah, I got my special dividend today...nice surprise because I do not even follow this stock
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.
You got yours already?
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.
So according to this site the pps will drop $1.50 on the ex-date:
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.
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.
Not sure you are correct. Check out:
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.
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.
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.
The more I hear about this, I think it is a real sleeper! Should do well long term.
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
EMKR is currently trading up about 1.3% midday Tuesday.
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."
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.
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.
EMCORE CorporationGyo Shinozaki
Vice President of Marketing
Manager, Corporate Marketing Communications
Sapphire Investor Relations, LLC
Source: EMCORE Corporation
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.
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.
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!
very interesting days ahead $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
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.