NeoPhotonics Corporation (NYSE:NPTN) was upgraded by ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

NPTN has been the subject of several other reports. Zacks Investment Research lowered NeoPhotonics Corporation from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 27th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $9.00 price objective on shares of NeoPhotonics Corporation in a research report on Monday, July 24th. Rosenblatt Securities started coverage on NeoPhotonics Corporation in a research report on Thursday, May 25th. They issued a “buy” rating and a $13.00 price objective for the company. Needham & Company LLC reissued a “strong-buy” rating and issued a $13.00 price objective on shares of NeoPhotonics Corporation in a research report on Monday, June 12th. Finally, DA Davidson started coverage on NeoPhotonics Corporation in a research report on Thursday, June 29th. They issued a “neutral” rating and a $9.00 price objective for the company. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. NeoPhotonics Corporation currently has an average rating of “Hold” and an average price target of $10.22.

NeoPhotonics Corporation (NYSE:NPTN) opened at 6.34 on Thursday. The firm’s market cap is $273.11 million. NeoPhotonics Corporation has a 52 week low of $6.28 and a 52 week high of $18.51. The stock’s 50 day moving average price is $7.96 and its 200 day moving average price is $8.99.

NeoPhotonics Corporation (NYSE:NPTN) last announced its earnings results on Thursday, August 3rd. The semiconductor company reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.10. The firm had revenue of $73.20 million for the quarter, compared to the consensus estimate of $71.11 million. NeoPhotonics Corporation had a negative return on equity of 9.35% and a negative net margin of 7.28%. The business’s quarterly revenue was down 26.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 EPS. On average, equities research analysts predict that NeoPhotonics Corporation will post ($0.56) EPS for the current year.

WARNING: “NeoPhotonics Corporation (NPTN) Upgraded by ValuEngine to “Sell”” was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/neophotonics-corporation-nptn-upgraded-by-valuengine-to-sell/1467502.html.

In other news, Director Michael J. Sophie sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $8.45, for a total value of $33,800.00. Following the transaction, the director now owns 18,318 shares in the company, valued at approximately $154,787.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Rusnano sold 180,000 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $9.18, for a total value of $1,652,400.00. Following the completion of the transaction, the insider now owns 4,730,005 shares in the company, valued at approximately $43,421,445.90. The disclosure for this sale can be found here. Insiders have sold a total of 359,300 shares of company stock valued at $3,243,816 over the last three months. Corporate insiders own 17.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of NeoPhotonics Corporation by 8.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,830,277 shares of the semiconductor company’s stock worth $25,501,000 after buying an additional 218,449 shares during the last quarter. Wellington Management Group LLP increased its position in shares of NeoPhotonics Corporation by 18.9% in the first quarter. Wellington Management Group LLP now owns 2,767,194 shares of the semiconductor company’s stock worth $24,933,000 after buying an additional 440,640 shares during the last quarter. AWM Investment Company Inc. increased its position in shares of NeoPhotonics Corporation by 6.8% in the first quarter. AWM Investment Company Inc. now owns 1,957,938 shares of the semiconductor company’s stock worth $17,641,000 after buying an additional 124,400 shares during the last quarter. Northpointe Capital LLC increased its position in shares of NeoPhotonics Corporation by 13.5% in the second quarter. Northpointe Capital LLC now owns 1,789,195 shares of the semiconductor company’s stock worth $13,813,000 after buying an additional 212,767 shares during the last quarter. Finally, Royce & Associates LP increased its position in shares of NeoPhotonics Corporation by 12.8% in the second quarter. Royce & Associates LP now owns 1,767,528 shares of the semiconductor company’s stock worth $13,645,000 after buying an additional 200,900 shares during the last quarter. Hedge funds and other institutional investors own 84.24% of the company’s stock.

About NeoPhotonics Corporation

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NeoPhotonics Corporation (NYSE:NPTN)

Receive News & Ratings for NeoPhotonics Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NeoPhotonics Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.