NeoPhotonics Corp (NYSE:NPTN) has earned an average recommendation of “Hold” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $7.08.

NPTN has been the subject of a number of research analyst reports. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. TheStreet cut Unit from a “c-” rating to a “d+” rating in a research report on Tuesday, May 21st. MKM Partners restated a “neutral” rating and set a $4.50 target price (down from $9.00) on shares of NeoPhotonics in a research report on Friday, May 17th. Northland Securities restated a “buy” rating and set a $100.00 target price on shares of Fortinet in a research report on Friday, May 3rd. Finally, Needham & Company LLC cut NeoPhotonics from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 17th.

In other NeoPhotonics news, CFO Elizabeth Lynne Eby purchased 50,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was acquired at an average price of $3.57 per share, for a total transaction of $178,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Chiyue Cheung sold 12,000 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $5.79, for a total transaction of $69,480.00. Following the completion of the transaction, the chief operating officer now owns 12,000 shares of the company’s stock, valued at approximately $69,480. The disclosure for this sale can be found here. 16.00% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of NPTN. BlackRock Inc. lifted its position in NeoPhotonics by 2.8% in the fourth quarter. BlackRock Inc. now owns 2,347,762 shares of the semiconductor company’s stock valued at $15,212,000 after acquiring an additional 63,750 shares during the last quarter. Paradigm Capital Management Inc. NY purchased a new stake in NeoPhotonics in the first quarter valued at $8,262,000. JPMorgan Chase & Co. lifted its position in NeoPhotonics by 136.0% in the first quarter. JPMorgan Chase & Co. now owns 962,190 shares of the semiconductor company’s stock valued at $6,053,000 after acquiring an additional 554,494 shares during the last quarter. Kennedy Capital Management Inc. lifted its position in NeoPhotonics by 19.0% in the first quarter. Kennedy Capital Management Inc. now owns 948,526 shares of the semiconductor company’s stock valued at $5,966,000 after acquiring an additional 151,565 shares during the last quarter. Finally, Cavalry Management Group LLC purchased a new stake in NeoPhotonics in the fourth quarter valued at $2,959,000. Hedge funds and other institutional investors own 78.35% of the company’s stock.

NYSE NPTN traded up $0.04 during midday trading on Friday, hitting $4.75. 22,117 shares of the company traded hands, compared to its average volume of 1,260,798. 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 stock has a market capitalization of $218.87 million, a P/E ratio of -6.49 and a beta of 1.68. The firm has a 50-day simple moving average of $4.15. NeoPhotonics has a 52 week low of $3.26 and a 52 week high of $9.48.

NeoPhotonics (NYSE:NPTN) last issued its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.08). NeoPhotonics had a negative net margin of 11.85% and a negative return on equity of 17.55%. The business had revenue of $79.40 million for the quarter, compared to analysts’ expectations of $79.99 million. During the same quarter in the prior year, the company posted ($0.33) EPS. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, research analysts anticipate that NeoPhotonics will post -0.8 EPS for the current year.

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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Analyst Recommendations for NeoPhotonics (NYSE:NPTN)

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