NeoPhotonics (NPTN) Upgraded at ValuEngine

NeoPhotonics (NYSE:NPTN) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other research analysts have also recently commented on the stock. Cowen reiterated a “buy” rating and set a $11.00 price target on shares of NeoPhotonics in a report on Sunday, October 1st. Piper Jaffray Companies reiterated a “buy” rating and set a $8.50 price target on shares of NeoPhotonics in a report on Friday, August 4th. Craig Hallum reiterated a “buy” rating and set a $8.50 price target on shares of NeoPhotonics in a report on Friday, October 6th. Zacks Investment Research upgraded shares of NeoPhotonics from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Finally, B. Riley reiterated a “hold” rating and set a $5.25 price target on shares of NeoPhotonics in a report on Friday, October 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $8.89.

Shares of NeoPhotonics (NYSE NPTN) traded down $0.54 during mid-day trading on Friday, hitting $6.56. 1,577,156 shares of the company were exchanged, compared to its average volume of 1,512,846. The company has a quick ratio of 1.25, a current ratio of 1.85 and a debt-to-equity ratio of 0.20. NeoPhotonics has a 52-week low of $4.56 and a 52-week high of $14.00.

NeoPhotonics (NYSE:NPTN) last announced its quarterly earnings data on Monday, November 6th. The semiconductor company reported ($0.25) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.09. The firm had revenue of $71.12 million during the quarter, compared to analysts’ expectations of $69.94 million. NeoPhotonics had a negative net margin of 25.57% and a negative return on equity of 34.93%. The business’s quarterly revenue was down 31.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 earnings per share. research analysts predict that NeoPhotonics will post -0.99 EPS for the current year.

Several large investors have recently modified their holdings of NPTN. Quentec Asset Management LLC lifted its position in shares of NeoPhotonics by 78.9% during the 2nd quarter. Quentec Asset Management LLC now owns 1,934,017 shares of the semiconductor company’s stock worth $14,931,000 after buying an additional 853,181 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of NeoPhotonics by 26.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,590,387 shares of the semiconductor company’s stock worth $27,719,000 after buying an additional 760,110 shares during the last quarter. Kennedy Capital Management Inc. purchased a new stake in shares of NeoPhotonics during the 2nd quarter worth approximately $4,630,000. Marshall Wace North America L.P. lifted its position in shares of NeoPhotonics by 1,394.9% during the 2nd quarter. Marshall Wace North America L.P. now owns 613,493 shares of the semiconductor company’s stock worth $4,908,000 after buying an additional 572,453 shares during the last quarter. Finally, Boston Partners purchased a new stake in shares of NeoPhotonics during the 3rd quarter worth approximately $1,884,000. Institutional investors and hedge funds own 81.06% of the company’s stock.

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NeoPhotonics 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.

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Analyst Recommendations for NeoPhotonics (NYSE:NPTN)

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