NeoPhotonics Corporation (NYSE:NPTN) was downgraded by stock analysts at Raymond James Financial, Inc. from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday, Marketbeat Ratings reports.

Several other analysts have also recently issued reports on NPTN. B. Riley reaffirmed a “neutral” rating and set a $6.25 target price on shares of NeoPhotonics Corporation in a research report on Wednesday, August 9th. ValuEngine raised NeoPhotonics Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 10th. Zacks Investment Research raised NeoPhotonics Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $8.50 target price on shares of NeoPhotonics Corporation in a research report on Friday, August 4th. Finally, BidaskClub cut NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.47.

Shares of NeoPhotonics Corporation (NPTN) opened at 4.97 on Thursday. The company’s market capitalization is $216.88 million. The company’s 50 day moving average price is $5.87 and its 200 day moving average price is $7.65. NeoPhotonics Corporation has a 52-week low of $4.93 and a 52-week high of $16.61.

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

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In other news, Director Michael J. Sophie sold 4,000 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $8.45, for a total value of $33,800.00. Following the completion of the sale, the director now owns 18,318 shares of the company’s stock, valued at approximately $154,787.10. The transaction 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 firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $8.44, for a total value 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. 17.30% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in shares of NeoPhotonics Corporation by 0.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 96,999 shares of the semiconductor company’s stock worth $749,000 after purchasing an additional 433 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of NeoPhotonics Corporation by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 114,544 shares of the semiconductor company’s stock worth $885,000 after purchasing an additional 722 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of NeoPhotonics Corporation by 1.7% in the 4th quarter. Teachers Advisors LLC now owns 52,939 shares of the semiconductor company’s stock worth $572,000 after purchasing an additional 874 shares in the last quarter. American International Group Inc. boosted its position in shares of NeoPhotonics Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 18,979 shares of the semiconductor company’s stock worth $171,000 after purchasing an additional 1,252 shares in the last quarter. Finally, Voya Investment Management LLC boosted its position 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 worth $127,000 after purchasing an additional 2,749 shares in the last quarter. 85.34% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for NeoPhotonics Corporation (NYSE:NPTN)

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