ValuEngine upgraded shares of NeoPhotonics (NYSE:NPTN) from a sell rating to a hold rating in a research report report published on Friday, March 9th.
Several other equities analysts have also weighed in on NPTN. Zacks Investment Research upgraded shares of NeoPhotonics from a sell rating to a hold rating in a research report on Wednesday, December 6th. DA Davidson raised their target price on shares of NeoPhotonics to $6.50 and gave the stock a neutral rating in a report on Wednesday, December 6th. Rosenblatt Securities set a $13.00 target price on shares of NeoPhotonics and gave the stock a buy rating in a report on Tuesday, December 12th. Piper Jaffray cut shares of NeoPhotonics from an overweight rating to a neutral rating in a report on Monday, January 29th. Finally, B. Riley reissued a neutral rating and issued a $5.75 price target (up from $5.00) on shares of NeoPhotonics in a research report on Friday, March 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. NeoPhotonics currently has a consensus rating of Hold and an average target price of $8.92.
NPTN traded down $0.29 on Friday, reaching $6.56. The company had a trading volume of 1,195,621 shares, compared to its average volume of 930,974. The firm has a market capitalization of $301.02, a PE ratio of -5.96 and a beta of 0.91. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 0.21. NeoPhotonics has a one year low of $4.56 and a one year high of $9.78.
NeoPhotonics (NYSE:NPTN) last posted its quarterly earnings data on Thursday, March 1st. The semiconductor company reported ($0.27) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.05). NeoPhotonics had a negative net margin of 18.21% and a negative return on equity of 22.53%. The business had revenue of $76.90 million for the quarter, compared to the consensus estimate of $72.15 million. During the same quarter last year, the business posted $0.13 EPS. The business’s revenue for the quarter was down 30.0% on a year-over-year basis. equities analysts expect that NeoPhotonics will post -0.54 EPS for the current year.
Several large investors have recently added to or reduced their stakes in NPTN. Quentec Asset Management LLC raised its position in shares of NeoPhotonics by 24.3% in the third quarter. Quentec Asset Management LLC now owns 2,403,104 shares of the semiconductor company’s stock valued at $13,361,000 after purchasing an additional 469,087 shares during the period. Royce & Associates LP raised its position in shares of NeoPhotonics by 25.2% in the fourth quarter. Royce & Associates LP now owns 2,274,658 shares of the semiconductor company’s stock valued at $14,967,000 after purchasing an additional 457,930 shares during the period. Boston Partners bought a new position in shares of NeoPhotonics in the third quarter valued at approximately $1,884,000. Russell Investments Group Ltd. raised its position in shares of NeoPhotonics by 2,950.0% in the third quarter. Russell Investments Group Ltd. now owns 280,600 shares of the semiconductor company’s stock valued at $1,560,000 after purchasing an additional 271,400 shares during the period. Finally, Northpointe Capital LLC grew its stake in shares of NeoPhotonics by 21.6% in the fourth quarter. Northpointe Capital LLC now owns 1,238,969 shares of the semiconductor company’s stock worth $8,152,000 after acquiring an additional 220,475 shares during the last quarter. 78.02% of the stock is currently owned by institutional investors.
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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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