Rosenblatt Securities reiterated their buy rating on shares of NeoPhotonics (NYSE:NPTN) in a report published on Tuesday morning, AnalystRatings.com reports. They currently have a $10.00 price target on the semiconductor company’s stock.
A number of other research firms have also recently commented on NPTN. MKM Partners reissued a neutral rating and issued a $4.50 price target (down previously from $9.00) on shares of NeoPhotonics in a research note on Friday, May 17th. Craig Hallum upped their price objective on shares of Digimarc from $42.00 to $75.00 and gave the company a buy rating in a research note on Friday, May 24th. Zacks Investment Research raised shares of HB Fuller from a sell rating to a hold rating in a research note on Wednesday, July 3rd. ValuEngine cut shares of Whiting USA Trust II from a hold rating to a sell rating in a research note on Tuesday, May 7th. Finally, Needham & Company LLC cut shares of NeoPhotonics from a strong-buy rating to a hold rating in a research note on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $7.53.
NYSE NPTN opened at $4.80 on Tuesday. The company has a 50 day simple moving average of $4.29. NeoPhotonics has a 12-month low of $3.26 and a 12-month high of $9.48. The company has a current ratio of 1.98, a quick ratio of 1.51 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $223.06 million, a price-to-earnings ratio of -6.49 and a beta of 1.68.
NeoPhotonics (NYSE:NPTN) last released its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.08). NeoPhotonics had a negative return on equity of 17.55% and a negative net margin of 11.85%. The company had revenue of $79.40 million during the quarter, compared to analysts’ expectations of $79.99 million. During the same period in the prior year, the firm earned ($0.33) EPS. NeoPhotonics’s quarterly revenue was up 15.7% on a year-over-year basis. As a group, equities research analysts expect that NeoPhotonics will post -0.8 earnings per share for the current fiscal year.
In related news, COO Chiyue Cheung sold 12,000 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $5.79, for a total transaction of $69,480.00. Following the completion of the sale, the chief operating officer now directly owns 12,000 shares in the company, valued at approximately $69,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Elizabeth Lynne Eby purchased 50,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were purchased at an average price of $3.57 per share, with a total value of $178,500.00. The disclosure for this purchase can be found here. 16.00% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in NeoPhotonics by 2.8% in the 4th quarter. BlackRock Inc. now owns 2,347,762 shares of the semiconductor company’s stock worth $15,212,000 after purchasing an additional 63,750 shares in the last quarter. Paradigm Capital Management Inc. NY bought a new position in NeoPhotonics in the 1st quarter worth $8,262,000. JPMorgan Chase & Co. raised its holdings in NeoPhotonics by 136.0% in the 1st quarter. JPMorgan Chase & Co. now owns 962,190 shares of the semiconductor company’s stock worth $6,053,000 after purchasing an additional 554,494 shares in the last quarter. Kennedy Capital Management Inc. raised its holdings in NeoPhotonics by 19.0% in the 1st quarter. Kennedy Capital Management Inc. now owns 948,526 shares of the semiconductor company’s stock worth $5,966,000 after purchasing an additional 151,565 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in NeoPhotonics by 1.3% in the 4th quarter. Northern Trust Corp now owns 377,453 shares of the semiconductor company’s stock worth $2,445,000 after purchasing an additional 4,770 shares in the last quarter. Institutional investors own 78.35% of the company’s stock.
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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