NeoPhotonics (NYSE:NPTN) had its price objective increased by analysts at DA Davidson to $6.50 in a report released on Wednesday. The firm presently has a “neutral” rating on the semiconductor company’s stock. DA Davidson’s price target indicates a potential upside of 1.25% from the stock’s previous close.

A number of other research analysts have also commented on NPTN. Zacks Investment Research upgraded NeoPhotonics from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded NeoPhotonics from a “sell” rating to a “hold” rating in a report on Friday, December 1st. B. Riley reiterated a “hold” rating and set a $5.00 price target (down from $5.25) on shares of NeoPhotonics in a report on Tuesday, November 7th. Needham & Company LLC cut their price target on NeoPhotonics from $11.00 to $8.00 and set a “strong-buy” rating for the company in a report on Monday, October 9th. Finally, Craig Hallum reiterated a “buy” rating and set a $8.50 price target on shares of NeoPhotonics in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $8.61.

NeoPhotonics (NYSE NPTN) traded up $0.20 on Wednesday, reaching $6.42. The company had a trading volume of 883,600 shares, compared to its average volume of 1,308,497. NeoPhotonics has a 12-month low of $4.56 and a 12-month high of $14.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.85 and a quick ratio of 1.25.

NeoPhotonics (NYSE:NPTN) last posted its earnings results on Monday, November 6th. The semiconductor company reported ($0.25) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.09. NeoPhotonics had a negative return on equity of 13.61% and a negative net margin of 11.37%. The firm had revenue of $71.12 million during the quarter, compared to analyst estimates of $69.94 million. During the same period in the previous year, the company earned $0.06 EPS. The company’s revenue for the quarter was down 31.2% on a year-over-year basis. equities analysts expect that NeoPhotonics will post -0.99 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in NeoPhotonics by 0.4% in the second quarter. Goldman Sachs Group Inc. now owns 96,999 shares of the semiconductor company’s stock valued at $749,000 after acquiring an additional 433 shares during the period. Schwab Charles Investment Management Inc. grew its position in NeoPhotonics by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 114,544 shares of the semiconductor company’s stock valued at $885,000 after acquiring an additional 722 shares during the period. Teachers Advisors LLC grew its position in NeoPhotonics by 5.1% in the second quarter. Teachers Advisors LLC now owns 55,616 shares of the semiconductor company’s stock valued at $429,000 after acquiring an additional 2,677 shares during the period. Voya Investment Management LLC grew its position in NeoPhotonics by 20.0% in the second quarter. Voya Investment Management LLC now owns 16,469 shares of the semiconductor company’s stock valued at $127,000 after acquiring an additional 2,749 shares during the period. Finally, Rhumbline Advisers grew its position in NeoPhotonics by 8.4% in the second quarter. Rhumbline Advisers now owns 38,504 shares of the semiconductor company’s stock valued at $297,000 after acquiring an additional 3,000 shares during the period. Institutional investors and hedge funds own 81.06% of the company’s stock.

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About NeoPhotonics

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 (NYSE:NPTN)

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