NeoPhotonics Corporation (NYSE:NPTN) was downgraded by equities researchers at UBS AG from an “outperform” rating to a “market perform” rating in a report released on Thursday, The Fly reports.

Several other research analysts also recently weighed in on the stock. DA Davidson initiated coverage on shares of NeoPhotonics Corporation in a research report on Thursday, June 29th. They set a “neutral” rating and a $9.00 price target for the company. Zacks Investment Research upgraded shares of NeoPhotonics Corporation from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 6th. Raymond James Financial, Inc. reduced their price target on shares of NeoPhotonics Corporation from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Thursday, August 24th. ValuEngine downgraded shares of NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. Finally, BidaskClub downgraded shares of NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $9.47.

Shares of NeoPhotonics Corporation (NPTN) traded down 13.225% on Thursday, hitting $5.085. The stock had a trading volume of 3,346,796 shares. The firm’s 50-day moving average price is $5.90 and its 200 day moving average price is $7.67. NeoPhotonics Corporation has a 12 month low of $4.93 and a 12 month high of $16.98. The firm’s market cap is $221.90 million.

NeoPhotonics Corporation (NYSE:NPTN) last released its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.10. NeoPhotonics Corporation had a negative net margin of 7.28% and a negative return on equity of 9.43%. The firm had revenue of $73.20 million during the quarter, compared to the consensus estimate of $71.11 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company’s revenue for the quarter was down 26.1% on a year-over-year basis. Analysts anticipate that NeoPhotonics Corporation will post ($0.61) EPS for the current fiscal year.

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In related news, SVP Benjamin Lee Sitler sold 33,400 shares of the company’s stock in a transaction dated 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 owns 84,711 shares of the company’s stock, valued at approximately $714,960.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael J. Sophie sold 4,000 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $8.45, for a total transaction of $33,800.00. Following the sale, the director now directly owns 18,318 shares of the company’s stock, valued at approximately $154,787.10. The disclosure for this sale can be found here. 17.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of NPTN. Paloma Partners Management Co purchased a new stake in shares of NeoPhotonics Corporation in the 1st quarter valued at approximately $103,000. Voya Investment Management LLC grew its stake in shares of NeoPhotonics Corporation by 20.0% in the 2nd quarter. Voya Investment Management LLC now owns 16,469 shares of the semiconductor company’s stock valued at $127,000 after buying an additional 2,749 shares during the period. Parametric Portfolio Associates LLC purchased a new stake in shares of NeoPhotonics Corporation in the 1st quarter valued at approximately $131,000. Citigroup Inc. grew its stake in shares of NeoPhotonics Corporation by 35.7% in the 2nd quarter. Citigroup Inc. now owns 17,314 shares of the semiconductor company’s stock valued at $134,000 after buying an additional 4,556 shares during the period. Finally, Ameriprise Financial Inc. purchased a new stake in shares of NeoPhotonics Corporation in the 2nd quarter valued at approximately $159,000. 85.34% of the stock is owned by institutional investors and hedge funds.

NeoPhotonics Corporation Company Profile

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.

The Fly

Analyst Recommendations for NeoPhotonics Corporation (NYSE:NPTN)

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