NeoPhotonics Corp (NYSE:NPTN) has earned a consensus rating of “Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $9.94.
Several research analysts have recently commented on the company. Zacks Investment Research raised NeoPhotonics from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Saturday, August 11th. DA Davidson boosted their target price on NeoPhotonics from $6.00 to $7.50 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. B. Riley raised NeoPhotonics from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $6.50 to $10.00 in a report on Tuesday, August 7th. Rosenblatt Securities set a $13.00 target price on NeoPhotonics and gave the stock a “buy” rating in a report on Saturday, July 28th. Finally, ValuEngine raised NeoPhotonics from a “hold” rating to a “buy” rating in a report on Friday, August 3rd.
In other NeoPhotonics news, VP Yuen Wupen sold 22,877 shares of the company’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $8.91, for a total transaction of $203,834.07. Following the transaction, the vice president now owns 48,265 shares of the company’s stock, valued at approximately $430,041.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 16.70% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of NPTN. Boston Partners lifted its holdings in NeoPhotonics by 506.6% during the 1st quarter. Boston Partners now owns 1,789,520 shares of the semiconductor company’s stock worth $12,259,000 after buying an additional 1,494,520 shares in the last quarter. State of Wisconsin Investment Board acquired a new position in NeoPhotonics during the 1st quarter worth $1,500,000. Pier 88 Investment Partners LLC lifted its holdings in NeoPhotonics by 29.2% during the 1st quarter. Pier 88 Investment Partners LLC now owns 103,271 shares of the semiconductor company’s stock worth $707,000 after buying an additional 23,320 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in NeoPhotonics by 485.2% during the 1st quarter. JPMorgan Chase & Co. now owns 57,695 shares of the semiconductor company’s stock worth $395,000 after buying an additional 47,836 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in NeoPhotonics by 1,085.4% during the 1st quarter. Russell Investments Group Ltd. now owns 2,906,592 shares of the semiconductor company’s stock worth $19,909,000 after buying an additional 2,661,392 shares in the last quarter. 74.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NPTN stock traded down $0.03 during trading hours on Friday, hitting $7.65. The company had a trading volume of 454,491 shares, compared to its average volume of 660,576. NeoPhotonics has a 12 month low of $4.56 and a 12 month high of $9.27. The firm has a market cap of $347.92 million, a P/E ratio of -6.95 and a beta of 1.13. The company has a current ratio of 1.81, a quick ratio of 1.35 and a debt-to-equity ratio of 0.27.
NeoPhotonics (NYSE:NPTN) last announced its earnings results on Monday, August 6th. The semiconductor company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.06. The business had revenue of $81.10 million for the quarter, compared to the consensus estimate of $73.56 million. NeoPhotonics had a negative return on equity of 28.35% and a negative net margin of 20.58%. NeoPhotonics’s revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.15) EPS. sell-side analysts forecast that NeoPhotonics will post -0.87 EPS for the current year.
NeoPhotonics Company Profile
NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit, receive, and switch high speed digital optical signals for communications networks. It offers high speed products, including transmitter, receiver, and switching products for 100G (gigabits per second) and optical transmission applications over distances of 2 to 2,000 kilometers; optical components for coherent systems, including narrow linewidth tunable transmit and local oscillator lasers (NLW-ITLA) that generate ultra-pure wavelength or color for coherent transmission, as well as coherent micro-modulators, which encode the information on the intensity and phase of the optical beam; and integrated coherent receivers (ICRs) that decode the phase and polarization encoded coherent signals.
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