NeoPhotonics Corporation (NYSE:NPTN) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday.

A number of other equities analysts have also issued reports on NPTN. B. Riley reiterated a “neutral” rating and set a $6.25 target price on shares of NeoPhotonics Corporation in a research report on Monday, May 15th. ValuEngine upgraded shares of NeoPhotonics Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of NeoPhotonics Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Piper Jaffray Companies reiterated a “buy” rating and set a $8.50 target price on shares of NeoPhotonics Corporation in a research report on Friday, August 4th. Finally, Raymond James Financial, Inc. reduced their target price on shares of NeoPhotonics Corporation from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Thursday, August 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $9.97.

Shares of NeoPhotonics Corporation (NPTN) remained flat at $5.84 during mid-day trading on Friday. 87,900 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $6.69 and its 200-day moving average price is $8.22. The company’s market capitalization is $254.85 million. NeoPhotonics Corporation has a 1-year low of $5.26 and a 1-year high of $18.51.

NeoPhotonics Corporation (NYSE:NPTN) last released its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.10. The firm had revenue of $73.20 million for the quarter, compared to analyst estimates of $71.11 million. NeoPhotonics Corporation had a negative net margin of 7.28% and a negative return on equity of 9.43%. The company’s revenue for the quarter was down 26.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 earnings per share. On average, equities research analysts forecast that NeoPhotonics Corporation will post ($0.60) EPS for the current fiscal year.

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In other NeoPhotonics Corporation news, COO Chiyue Cheung sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $7.66, for a total value of $76,600.00. Following the completion of the sale, the chief operating officer now owns 10,000 shares of the company’s stock, valued at $76,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Benjamin Lee Sitler sold 33,400 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $8.44, for a total transaction of $281,896.00. Following the completion of the sale, the senior vice president now directly owns 84,711 shares of the company’s stock, valued at approximately $714,960.84. The disclosure for this sale can be found here. Insiders sold 47,400 shares of company stock valued at $392,296 in the last ninety days. Insiders own 17.30% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Paloma Partners Management Co bought a new stake in shares of NeoPhotonics Corporation during the first quarter worth $103,000. TFS Capital LLC bought a new stake in shares of NeoPhotonics Corporation during the first quarter worth $110,000. Voya Investment Management LLC increased its position in shares of NeoPhotonics Corporation by 20.0% during the second quarter. Voya Investment Management LLC now owns 16,469 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 2,749 shares in the last quarter. Parametric Portfolio Associates LLC bought a new stake in shares of NeoPhotonics Corporation during the first quarter worth $131,000. Finally, Citigroup Inc. increased its position in shares of NeoPhotonics Corporation by 35.7% during the second quarter. Citigroup Inc. now owns 17,314 shares of the semiconductor company’s stock worth $134,000 after acquiring an additional 4,556 shares in the last quarter. 85.34% of the stock is owned by hedge funds and other institutional investors.

About NeoPhotonics Corporation

NeoPhotonics Corporation develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The Company develops and manufactures Transmitter Products, Receiver Products and Switch Products that are used in ultra-high speed digital optical communications, high speed switching and provisioning, and access connections for wireless and fiber-to-the-home communications networks.

Analyst Recommendations for NeoPhotonics Corporation (NYSE:NPTN)

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