NeoPhotonics Corporation (NYSE:NPTN) has earned a consensus rating of “Hold” from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $9.13.

A number of equities research analysts have recently commented on NPTN shares. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $9.00 target price on shares of NeoPhotonics Corporation in a research report on Monday, July 24th. Zacks Investment Research cut shares of NeoPhotonics Corporation from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 27th. B. Riley restated a “neutral” rating and set a $6.25 price objective on shares of NeoPhotonics Corporation in a research report on Friday, August 4th. BidaskClub cut shares of NeoPhotonics Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $8.50 price objective on shares of NeoPhotonics Corporation in a research report on Friday, August 4th.

Shares of NeoPhotonics Corporation (NYSE:NPTN) traded up $0.40 during midday trading on Friday, hitting $6.98. 1,124,644 shares of the stock were exchanged, compared to its average volume of 1,311,254. The company has a quick ratio of 1.25, a current ratio of 1.85 and a debt-to-equity ratio of 0.20. NeoPhotonics Corporation has a 1-year low of $4.56 and a 1-year high of $14.00.

NeoPhotonics Corporation (NYSE:NPTN) last issued its earnings results on Monday, November 6th. The semiconductor company reported ($0.25) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.34) by $0.09. The business had revenue of $71.12 million during the quarter, compared to analysts’ expectations of $69.94 million. NeoPhotonics Corporation had a negative net margin of 11.37% and a negative return on equity of 13.61%. The company’s quarterly revenue was down 31.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share. equities research analysts predict that NeoPhotonics Corporation will post -1.01 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quentec Asset Management LLC lifted its stake in NeoPhotonics Corporation by 78.9% in the second quarter. Quentec Asset Management LLC now owns 1,934,017 shares of the semiconductor company’s stock worth $14,931,000 after acquiring an additional 853,181 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in NeoPhotonics Corporation by 26.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,590,387 shares of the semiconductor company’s stock worth $27,719,000 after acquiring an additional 760,110 shares during the last quarter. Kennedy Capital Management Inc. purchased a new position in NeoPhotonics Corporation in the second quarter worth approximately $4,630,000. Marshall Wace North America L.P. lifted its stake in NeoPhotonics Corporation by 1,394.9% in the second quarter. Marshall Wace North America L.P. now owns 613,493 shares of the semiconductor company’s stock worth $4,908,000 after acquiring an additional 572,453 shares during the last quarter. Finally, Boston Partners purchased a new position in NeoPhotonics Corporation in the third quarter worth approximately $1,884,000. 84.04% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for NeoPhotonics Corporation (NYSE:NPTN)

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