Shares of NeoPhotonics Corp (NYSE:NPTN) have been assigned an average rating of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $8.88.
A number of equities analysts recently issued reports on NPTN shares. BidaskClub lowered NeoPhotonics from a “sell” rating to a “strong sell” rating in a report on Friday, September 8th. Craig Hallum reissued a “buy” rating and set a $8.50 price target on shares of NeoPhotonics in a report on Friday, October 6th. Rosenblatt Securities set a $13.00 price objective on NeoPhotonics and gave the company a “buy” rating in a report on Tuesday, December 12th. Needham & Company LLC lifted their price objective on NeoPhotonics from $8.00 to $11.00 and gave the company a “strong-buy” rating in a report on Monday, October 9th. Finally, UBS Group lowered NeoPhotonics from an “outperform” rating to a “market perform” rating in a report on Thursday, October 5th.
NeoPhotonics (NYSE:NPTN) traded up $0.02 during midday trading on Monday, hitting $6.89. The company had a trading volume of 445,641 shares, compared to its average volume of 824,199. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 1.85. NeoPhotonics has a 52-week low of $4.56 and a 52-week high of $12.44. The stock has a market capitalization of $302.78, a price-to-earnings ratio of -8.11 and a beta of 1.29.
NeoPhotonics (NYSE:NPTN) last released its quarterly earnings results on Monday, November 6th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $69.94 million. During the same quarter last year, the company posted $0.06 earnings per share. The business’s revenue was down 31.2% on a year-over-year basis. equities analysts forecast that NeoPhotonics will post -0.99 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in NPTN. Voya Investment Management LLC boosted its holdings in NeoPhotonics by 20.0% in the 2nd quarter. Voya Investment Management LLC now owns 16,469 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 2,749 shares in the last quarter. Citigroup Inc. boosted its holdings in NeoPhotonics by 35.7% in the 2nd quarter. Citigroup Inc. now owns 17,314 shares of the semiconductor company’s stock valued at $134,000 after purchasing an additional 4,556 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of NeoPhotonics during the 2nd quarter worth approximately $159,000. The Manufacturers Life Insurance Company boosted its stake in shares of NeoPhotonics by 13.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,099 shares of the semiconductor company’s stock worth $210,000 after acquiring an additional 3,245 shares in the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of NeoPhotonics during the 2nd quarter worth approximately $234,000. 81.06% of the stock is currently owned by institutional investors.
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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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