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Equities researchers at B. Riley reduced their target price on shares of NeoPhotonics Corp. (NASDAQ:NPTN) from $11.75 to $9.00 in a research report issued on Tuesday. The firm currently has a “buy” rating on the stock. B. Riley’s target price points to a potential upside of 106.90% from the stock’s previous close.

Shares of NeoPhotonics Corp. (NASDAQ:NPTN) traded up 1.15% during mid-day trading on Tuesday, hitting $4.40. 187,355 shares of the company’s stock traded hands. NeoPhotonics Corp. has a 52 week low of $4.20 and a 52 week high of $9.77. The stock has a 50-day moving average of $6.19 and a 200-day moving average of $6.77. The company’s market cap is $139.3 million.

NeoPhotonics Corp. (NASDAQ:NPTN) last announced its earnings results on Monday, May 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.01. The company had revenue of $74.40 million for the quarter, compared to the consensus estimate of $74.60 million. On average, analysts predict that NeoPhotonics Corp. will post $-0.46 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of NeoPhotonics Corp. in a research note on Tuesday. They now have a $4.50 price target on the stock, down previously from $5.50. Separately, analysts at Piper Jaffray cut their price target on shares of NeoPhotonics Corp. from $7.50 to $5.00 in a research note on Monday. Finally, analysts at Zacks downgraded shares of NeoPhotonics Corp. to a “neutral” rating in a research note on Wednesday, April 23rd. They now have a $8.70 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. NeoPhotonics Corp. currently has an average rating of “Hold” and an average target price of $6.80.

NeoPhotonics Corporation is a designer and manufacturer of photonic integrated circuit (NASDAQ:NPTN)-based modules and subsystems for bandwidth-intensive, high-speed communications networks.

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