Wall Street brokerages expect NeoPhotonics Corp (NYSE:NPTN) to report earnings of ($0.11) per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for NeoPhotonics’ earnings. The highest EPS estimate is ($0.09) and the lowest is ($0.13). NeoPhotonics reported earnings of ($0.25) per share in the same quarter last year, which suggests a positive year over year growth rate of 56%. The firm is expected to report its next quarterly earnings results on Monday, November 5th.

On average, analysts expect that NeoPhotonics will report full-year earnings of ($0.61) per share for the current financial year, with EPS estimates ranging from ($0.65) to ($0.56). For the next financial year, analysts anticipate that the firm will report earnings of $0.01 per share, with EPS estimates ranging from ($0.15) to $0.26. Zacks’ EPS calculations are an average based on a survey of research analysts that cover NeoPhotonics.

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.

Several research firms have issued reports on NPTN. Zacks Investment Research raised NeoPhotonics from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Saturday, August 11th. ValuEngine raised NeoPhotonics from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 2nd. DA Davidson upped their price objective 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 upped their price objective for the stock from $6.50 to $10.00 in a report on Tuesday, August 7th. Finally, Rosenblatt Securities set a $13.00 target price on shares of NeoPhotonics and gave the company a “buy” rating in a research report on Saturday, July 28th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. NeoPhotonics has an average rating of “Buy” and a consensus price target of $10.00.

In related news, COO Chiyue Cheung sold 10,000 shares of the company’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $8.11, for a total value of $81,100.00. Following the completion of the sale, the chief operating officer now owns 5,000 shares in the company, valued at approximately $40,550. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Yuen Wupen sold 22,877 shares of the company’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $8.91, for a total transaction of $203,834.07. Following the completion of the sale, the vice president now owns 48,265 shares of the company’s stock, valued at approximately $430,041.15. The disclosure for this sale can be found here. Insiders own 16.70% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NPTN. JPMorgan Chase & Co. increased its position in shares of NeoPhotonics by 485.2% in the 1st quarter. JPMorgan Chase & Co. now owns 57,695 shares of the semiconductor company’s stock valued at $395,000 after buying an additional 47,836 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of NeoPhotonics by 1,085.4% in the 1st quarter. Russell Investments Group Ltd. now owns 2,906,592 shares of the semiconductor company’s stock valued at $19,909,000 after buying an additional 2,661,392 shares in the last quarter. Needham Investment Management LLC increased its position in shares of NeoPhotonics by 4.8% in the 1st quarter. Needham Investment Management LLC now owns 220,000 shares of the semiconductor company’s stock valued at $1,507,000 after buying an additional 10,000 shares in the last quarter. Barclays PLC increased its position in shares of NeoPhotonics by 123.9% in the 1st quarter. Barclays PLC now owns 42,139 shares of the semiconductor company’s stock valued at $288,000 after buying an additional 23,316 shares in the last quarter. Finally, Levin Capital Strategies L.P. bought a new stake in shares of NeoPhotonics in the 1st quarter valued at $137,000. Institutional investors and hedge funds own 74.49% of the company’s stock.

Shares of NPTN traded up $0.43 on Monday, hitting $7.58. The company’s stock had a trading volume of 501,635 shares, compared to its average volume of 819,889. The company has a market capitalization of $376.01 million, a P/E ratio of -6.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.81 and a quick ratio of 1.35. NeoPhotonics has a fifty-two week low of $4.56 and a fifty-two week high of $9.27.

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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