NeoPhotonics Corporation (NYSE:NPTN)‘s stock had its “buy” rating reiterated by equities research analysts at Craig Hallum in a research note issued on Friday. They currently have a $8.50 price objective on the semiconductor company’s stock. Craig Hallum’s price objective points to a potential upside of 71.03% from the stock’s current price.

Several other research firms have also commented on NPTN. ValuEngine lowered NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 11th. BidaskClub lowered NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. B. Riley reiterated a “hold” rating and set a $5.25 price target on shares of NeoPhotonics Corporation in a report on Friday. Zacks Investment Research lowered NeoPhotonics Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, Northland Securities reiterated a “buy” rating and set a $10.00 price target on shares of NeoPhotonics Corporation in a report on Friday, June 23rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. NeoPhotonics Corporation presently has a consensus rating of “Hold” and a consensus price target of $9.25.

NeoPhotonics Corporation (NYSE:NPTN) traded down 0.20% during midday trading on Friday, reaching $4.96. 2,525,188 shares of the company were exchanged. The stock’s market capitalization is $216.44 million. NeoPhotonics Corporation has a 52 week low of $4.72 and a 52 week high of $16.61. The firm’s 50 day moving average price is $5.87 and its 200-day moving average price is $7.65.

NeoPhotonics Corporation (NYSE:NPTN) last posted its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.10. NeoPhotonics Corporation had a negative return on equity of 9.43% and a negative net margin of 7.28%. The business had revenue of $73.20 million for the quarter, compared to analyst estimates of $71.11 million. During the same quarter in the previous year, the firm earned $0.15 EPS. The company’s quarterly revenue was down 26.1% compared to the same quarter last year. Equities analysts forecast that NeoPhotonics Corporation will post ($0.61) EPS for the current fiscal year.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in NeoPhotonics Corporation by 26.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,590,387 shares of the semiconductor company’s stock worth $27,719,000 after purchasing an additional 760,110 shares during the period. Wellington Management Group LLP increased its stake in NeoPhotonics Corporation by 18.9% during the first quarter. Wellington Management Group LLP now owns 2,767,194 shares of the semiconductor company’s stock worth $24,933,000 after purchasing an additional 440,640 shares during the period. AWM Investment Company Inc. increased its stake in NeoPhotonics Corporation by 15.7% during the second quarter. AWM Investment Company Inc. now owns 2,265,838 shares of the semiconductor company’s stock worth $17,492,000 after purchasing an additional 307,900 shares during the period. Quentec Asset Management LLC increased its stake in NeoPhotonics Corporation by 78.9% during the second quarter. Quentec Asset Management LLC now owns 1,934,017 shares of the semiconductor company’s stock worth $14,931,000 after purchasing an additional 853,181 shares during the period. Finally, Northpointe Capital LLC increased its stake in NeoPhotonics Corporation by 13.5% during the second quarter. Northpointe Capital LLC now owns 1,789,195 shares of the semiconductor company’s stock worth $13,813,000 after purchasing an additional 212,767 shares during the period. Hedge funds and other institutional investors own 85.34% of the company’s stock.

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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