Madison Investment Holdings Upped Cbs (CBS) Stake; Emcore (EMKR)’s Sentiment Is 1.18

November 15, 2017 - By Dolores Ford

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 market cap of $200.25 million. The Firm focuses on linear fiber optic transmission technology. It has a 26.3 P/E ratio. The Firm operates through Fiber Optics segment.

Madison Investment Holdings Inc increased Cbs Corp (CBS) stake by 11.38% reported in 2017Q2 SEC filing. Madison Investment Holdings Inc acquired 8,076 shares as Cbs Corp (CBS)’s stock declined 6.13%. The Madison Investment Holdings Inc holds 79,014 shares with $5.04M value, up from 70,938 last quarter. Cbs Corp now has $22.43 billion valuation. The stock declined 0.69% or $0.39 reaching $56.02 on the news. About 8,876 shares traded. CBS Corporation (NYSE:CBS) has risen 18.35% since November 15, 2016 and is uptrending. It has outperformed by 1.65% the S&P500.

Among 32 analysts covering CBS Corp (NYSE:CBS), 26 have Buy rating, 0 Sell and 6 Hold. Therefore 81% are positive. CBS Corp had 96 analyst reports since August 6, 2015 according to SRatingsIntel. Jefferies maintained CBS Corporation (NYSE:CBS) on Thursday, November 2 with “Buy” rating. On Thursday, February 16 the stock rating was maintained by Pivotal Research with “Hold”. Barclays Capital maintained it with “Equal-Weight” rating and $57 target in Friday, August 11 report. The firm has “Neutral” rating by UBS given on Wednesday, March 16. The stock of CBS Corporation (NYSE:CBS) earned “Buy” rating by Drexel Hamilton on Tuesday, September 6. The rating was maintained by Barclays Capital on Sunday, August 16 with “Hold”. Needham maintained it with “Buy” rating and $80 target in Friday, April 28 report. The firm has “Outperform” rating by Wedbush given on Friday, February 12. Benchmark maintained the stock with “Buy” rating in Friday, June 16 report. The company was maintained on Friday, May 20 by Telsey Advisory Group.

Investors sentiment increased to 0.8 in Q2 2017. Its up 0.11, from 0.69 in 2017Q1. It is positive, as 67 investors sold CBS shares while 250 reduced holdings. 71 funds opened positions while 184 raised stakes. 229.56 million shares or 0.71% less from 231.20 million shares in 2017Q1 were reported. Highbridge Cap Mgmt Lc has invested 0.12% in CBS Corporation (NYSE:CBS). Bluecrest Cap Mngmt reported 60,399 shares. Sound Shore Mngmt Ct reported 1.84 million shares. Nordea Inv Mngmt, Sweden-based fund reported 216,121 shares. Strs Ohio, a Ohio-based fund reported 201,740 shares. Clearbridge Invs Ltd Company has 2.04 million shares. Palouse Cap Mngmt Inc owns 75,181 shares. Eaton Vance Mgmt stated it has 734,531 shares. Walleye Trading Ltd Liability Co accumulated 4,816 shares or 0% of the stock. Sequent Asset Mgmt Ltd Liability Corporation reported 9,300 shares. Birmingham Management Communication Al accumulated 129,302 shares. Lsv Asset Mgmt owns 356,700 shares for 0.04% of their portfolio. Thompson Management Inc stated it has 89,274 shares. Northern reported 5,634 shares. Todd Asset Mgmt Ltd Liability Corporation holds 716,841 shares or 1.3% of its portfolio.

Madison Investment Holdings Inc decreased Crown Holdings Inc. (NYSE:CCK) stake by 6,348 shares to 645,279 valued at $38.50 million in 2017Q2. It also reduced Spdr S&P Regional Banking Etf (KRE) stake by 158,206 shares and now owns 127,514 shares. Liberty Broadband Corporation was reduced too.

Analysts await EMCORE Corporation (NASDAQ:EMKR) to report earnings on December, 6. They expect $0.11 earnings per share, up 37.50% or $0.03 from last year’s $0.08 per share. EMKR’s profit will be $2.96M for 16.93 P/E if the $0.11 EPS becomes a reality. After $0.09 actual earnings per share reported by EMCORE Corporation for the previous quarter, Wall Street now forecasts 22.22% EPS growth.

Ratings analysis reveals 100% of Emcore’s analysts are positive. Out of 2 Wall Street analysts rating Emcore, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $7.5 while the high is $12.0. The stock’s average target of $9.75 is 30.87% above today’s ($7.45) share price. EMKR was included in 2 notes of analysts from October 20, 2016. Dougherty & Company initiated the stock with “Buy” rating in Thursday, October 20 report. The stock of EMCORE Corporation (NASDAQ:EMKR) has “Buy” rating given on Wednesday, February 8 by Lake Street.

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