NeoPhotonics (NYSE:NPTN) had its price objective lifted by B. Riley from $5.75 to $6.50 in a research report released on Wednesday morning. The firm currently has a neutral rating on the semiconductor company’s stock.
A number of other analysts have also recently commented on the stock. ValuEngine raised shares of NeoPhotonics from a sell rating to a hold rating in a research note on Tuesday. Zacks Investment Research raised shares of NeoPhotonics from a sell rating to a hold rating in a research note on Thursday, May 3rd. Northland Securities reissued a buy rating and set a $10.50 target price on shares of NeoPhotonics in a research note on Monday, March 19th. Rosenblatt Securities set a $13.00 target price on shares of NeoPhotonics and gave the stock a buy rating in a research note on Saturday, March 10th. Finally, Needham & Company LLC reissued a strong-buy rating and set a $9.00 target price (up previously from $8.00) on shares of NeoPhotonics in a research note on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Hold and an average target price of $9.00.
Shares of NeoPhotonics stock remained flat at $$5.82 during trading hours on Wednesday. 780,098 shares of the company’s stock were exchanged, compared to its average volume of 1,302,557. The firm has a market capitalization of $254.84 million, a P/E ratio of -5.29 and a beta of 0.94. NeoPhotonics has a 1-year low of $5.65 and a 1-year high of $5.84. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.72.
NeoPhotonics (NYSE:NPTN) last issued its quarterly earnings data on Tuesday, May 8th. The semiconductor company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.07). The firm had revenue of $68.59 million during the quarter, compared to analyst estimates of $69.65 million. NeoPhotonics had a negative return on equity of 25.49% and a negative net margin of 20.72%. The company’s revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.25) EPS. sell-side analysts expect that NeoPhotonics will post -0.54 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pier 88 Investment Partners LLC grew its stake in NeoPhotonics by 29.8% during the 4th quarter. Pier 88 Investment Partners LLC now owns 79,951 shares of the semiconductor company’s stock valued at $526,000 after acquiring an additional 18,365 shares in the last quarter. Princeton Capital Management LLC purchased a new stake in NeoPhotonics during the 4th quarter valued at about $195,000. Northpointe Capital LLC grew its stake in NeoPhotonics by 21.6% during the 4th quarter. Northpointe Capital LLC now owns 1,238,969 shares of the semiconductor company’s stock valued at $8,152,000 after acquiring an additional 220,475 shares in the last quarter. Needham Investment Management LLC grew its stake in NeoPhotonics by 16.7% during the 4th quarter. Needham Investment Management LLC now owns 210,000 shares of the semiconductor company’s stock valued at $1,382,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in NeoPhotonics during the 4th quarter valued at about $131,000. 69.91% of the stock is owned by institutional investors.
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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