Analysts expect NeoPhotonics Corporation (NYSE:NPTN) to report sales of $73.78 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for NeoPhotonics Corporation’s earnings, with the highest sales estimate coming in at $75.00 million and the lowest estimate coming in at $73.00 million. NeoPhotonics Corporation posted sales of $103.31 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 28.6%. The company is expected to report its next earnings report on Thursday, November 2nd.

On average, analysts expect that NeoPhotonics Corporation will report full year sales of $73.78 million for the current fiscal year, with estimates ranging from $295.00 million to $301.17 million. For the next year, analysts expect that the firm will report sales of $377.08 million per share, with estimates ranging from $365.30 million to $400.00 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for NeoPhotonics Corporation.

NeoPhotonics Corporation (NYSE:NPTN) last announced its earnings results on Thursday, August 3rd. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.10. NeoPhotonics Corporation had a negative return on equity of 9.43% and a negative net margin of 7.28%. The firm had revenue of $73.20 million during the quarter, compared to analyst estimates of $71.11 million. During the same quarter in the prior year, the company earned $0.15 EPS. The business’s revenue was down 26.1% compared to the same quarter last year.

A number of analysts have weighed in on NPTN shares. Zacks Investment Research lowered NeoPhotonics Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, July 27th. ValuEngine lowered NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 11th. BidaskClub lowered NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 8th. Raymond James Financial, Inc. restated an “outperform” rating and set a $9.00 target price on shares of NeoPhotonics Corporation in a report on Monday, July 24th. Finally, Needham & Company LLC restated a “strong-buy” rating and set a $13.00 target price on shares of NeoPhotonics Corporation in a report on Monday, June 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.72.

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In other news, Director Michael J. Sophie sold 4,000 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $8.45, for a total transaction of $33,800.00. Following the transaction, the director now directly owns 18,318 shares of the company’s stock, valued at $154,787.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Chiyue Cheung sold 10,000 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $7.66, for a total value of $76,600.00. Following the transaction, the chief operating officer now directly owns 10,000 shares in the company, valued at $76,600. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,400 shares of company stock worth $392,296. Insiders own 17.30% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Paloma Partners Management Co acquired a new position in shares of NeoPhotonics Corporation during the first quarter worth $103,000. TFS Capital LLC acquired a new position in shares of NeoPhotonics Corporation during the first quarter worth $110,000. Voya Investment Management LLC increased its position in shares of NeoPhotonics Corporation by 20.0% during the second quarter. Voya Investment Management LLC now owns 16,469 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 2,749 shares in the last quarter. Parametric Portfolio Associates LLC acquired a new position in shares of NeoPhotonics Corporation during the first quarter worth $131,000. Finally, Citigroup Inc. increased its position in shares of NeoPhotonics Corporation by 35.7% during the second quarter. Citigroup Inc. now owns 17,314 shares of the semiconductor company’s stock worth $134,000 after purchasing an additional 4,556 shares in the last quarter. 85.34% of the stock is currently owned by institutional investors and hedge funds.

NeoPhotonics Corporation Company Profile

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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